Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h −0.005%

Price spread now: OKX against Coinbase International+0.124%55s7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.327% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.124%, 7d avg +0.076%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.049% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMD-PERP-INTX	620.27	0.0120	pay 0.0015% / 1h	16m 20s	$311K	$1.8M	10x
Short	OKX AMD-USDT-SWAP	621.04	0.0287	get 0.0287% / 8h	6h 16m	$6.9M	$28.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee OKXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $35.03
Price spread: +0.124% → +0.076%: $4.86
Slippage, 4 orders: −$12.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $7.21
Costs to cover: 0.327%
Break-even: 5.6 days

Slippage from Coinbase International: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 2 min ago	3.79 bp	9.2 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.81 bp	7.4 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit

AMD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AMDUSDC	−0.0645%	4h	621.06	+0.128%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.65	+0.222%	$2K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.59	+0.213%	$122K	$597K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.12	+0.137%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.00	+0.118%	$846K	$4.4M	10x	as long as short
Gate AMD_USDT	+0.0033%	8h	621.39	+0.181%	$4.5M	$13.3M	50x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.378%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.34	+0.173%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.88	+0.098%	$396K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.69	+0.068%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0061%	1h	622.44	+0.350%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.44	+0.189%	$2.2M	$12.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.81	+0.087%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.90	+0.102%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.33	+0.171%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTXlong	+0.0120%	1h	620.27	long leg	$311K	$1.8M	10x
tradeXYZ xyz:AMD	+0.0172%	1h	620.82	+0.089%	$25.1M	$93.6M	10x	as long as short
Lighter AMD	+0.0176%	1h	621.04	+0.124%	$550K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0242%	1h	621.32	+0.169%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.52	+0.040%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.93	+0.267%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAPshort	+0.0287%	8h	621.04	+0.124%	$6.9M	$28.1M	25x
Bitget AMDUSDT	+0.0334%	8h	621.58	+0.211%	$10.3M	$17.3M	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0394%	1h	621.19	+0.148%	$77K	$151K	10x	as long as short
Nado AMD-PERP	+0.0412%	1h	620.90	+0.101%	$268K	$206K	10x	as long as short
Aster AMDUSDT	+0.0417%	8h	621.54	+0.205%	$72K	$413K	50x	as long as short
Variational Omni AMD	+0.0733%	8h	621.00	+0.117%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	621.21	+0.152%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0788%	8h	621.35	+0.174%	$75.5M	$190.4M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0867%	8h	621.19	+0.148%	$18K	$134K	10x	as long as short