Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.012%
Price spread now: Polymarket Perps against Coinbase International+0.042%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.042%, 7d avg +0.063%
=Funding pays, the price is against you. Polymarket Perps is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.063%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AMD-PERP-INTX | 623.04 | 0.0112 | pay 0.0014% / 1h | 25m 47s | $312K | $1.8M | 10x |
| Short | Polymarket Perps AMD-USD | 623.30 | 0.0320 | get 0.0040% / 1h | 25m 47s | $397K | $1.5M | 10x |
Coinbase International AMD-PERP-INTX
Polymarket Perps AMD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.58
- Price spread: +0.042% → +0.063%
- −$2.11
- Slippage, 4 orders
- −$14.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $8.55
- Costs to cover
- 0.329%
- Break-even
- 5.6 days
Slippage from Coinbase International: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago | 2.97 bp | 11.4 bp −$11 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 1.92 bp | 7.6 bp −$8 | 8.0 bp −$80 | 10.8 bp −$1,081 | doesn't fit |
AMD on 31 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 | −0.0882% | 4h | 623.34 | +0.048% | $81K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 623.69 | +0.104% | $1K | $8.6M | 10x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 624.10 | +0.170% | $1.8M | $460K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 623.35 | +0.050% | $856K | $4.3M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.817% | $5K | $55K | 12x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 622.78 | −0.042% | $1.5M | $4.3M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0053% | 1h | 624.67 | +0.262% | — | $925K | 25x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 624.04 | +0.161% | $2.3M | $13.1M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 623.31 | +0.043% | $1.9M | $313K | 20x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 623.83 | +0.127% | $373 | $6K | 10x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
QFEX AMD-USD
KuCoin AMDUSDTM
Orderly PERP_AMD_USDC_mythosShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AMD-PERP-INTXlong | +0.0112% | 1h | 623.04 | long leg | $312K | $1.8M | 10x | |
| Lighter AMD | +0.0192% | 1h | 623.48 | +0.071% | $546K | $2.3M | 10x | as long as short |
| Phoenix AMD | +0.0219% | 1h | 622.89 | −0.024% | $2K | $92K | 10x | as long as short |
| Aevo AMD-PERP | +0.0256% | 1h | 623.66 | +0.100% | $11K | — | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0256% | 8h | 623.23 | +0.030% | $6.9M | $28.3M | 25x | as long as short |
| Polymarket Perps AMD-USDshort | +0.0320% | 1h | 623.30 | +0.042% | $397K | $1.5M | 10x | |
| Gate AMD_USDT | +0.0326% | 8h | 623.63 | +0.095% | $4.5M | $13.5M | 50x | as long as short |
| tradeXYZ xyz:AMD | +0.0329% | 1h | 622.95 | −0.014% | $25.1M | $93.6M | 10x | as long as short |
| Aster AMDUSDT | +0.0337% | 8h | 622.47 | −0.091% | $72K | $416K | 50x | as long as short |
| SoDEX AMD-USD | +0.0389% | 1h | 623.72 | +0.109% | $26K | $24K | 10x | as long as short |
| Nado AMD-PERP | +0.0440% | 1h | 623.29 | +0.040% | $318K | $172K | 10x | as long as short |
| ApeX Omni AMDUSDT | +0.0516% | 1h | 623.37 | +0.053% | $80K | $259K | 50x | as long as short |
| HTX AMD-USDT | +0.0578% | 8h | 623.63 | +0.095% | $132K | $579K | 20x | as long as short |
| Variational Omni AMD | +0.0654% | 8h | 623.70 | +0.105% | $2.6M | $3.2M | — | as long as short |
| BloFin AMD-USDT | +0.0679% | 8h | 624.57 | +0.246% | $6K | $551K | 20x | as long as short |
| Deribit AMD_USDC-PERPETUAL | +0.0681% | 1h | 623.47 | +0.069% | $78K | $151K | 10x | as long as short |
| Extended AMD_24_5-USD | +0.0696% | 1h | 623.44 | +0.065% | $463K | $1.9M | 10x | as long as short |
| Binance AMDUSDT | +0.0698% | 8h | 623.66 | +0.100% | $76.1M | $190.7M | 25x | as long as short |
| Bitget AMDUSDT | +0.0734% | 8h | 623.37 | +0.053% | $10.3M | $17.5M | 20x | as long as short |
| Arcus AMD-USD | +0.0782% | 1h | 623.56 | +0.083% | $145K | $264K | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.1419% | 8h | 622.68 | −0.058% | $18K | $130K | 10x | as long as short |
Lighter AMD
Phoenix AMD
Aevo AMD-PERP
OKX AMD-USDT-SWAP
Gate AMD_USDT
tradeXYZ xyz:AMD
Aster AMDUSDT
SoDEX AMD-USD
Nado AMD-PERP
ApeX Omni AMDUSDT
HTX AMD-USDT
Variational Omni AMD
BloFin AMD-USDT
Deribit AMD_USDC-PERPETUAL
Extended AMD_24_5-USD
Binance AMDUSDT
Bitget AMDUSDT
Arcus AMD-USD
GRVT AMD_USDT_Perp