Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0288%/8h= −31.6% APRpaid last 24h −0.031%

Price spread now: KuCoin against Deribit−0.097%53s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1711.714% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.097%, 7d avg −0.024%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.072% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.028% in total (about -2.1% a year). A funding rate is set anew for every payment. 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	Deribit AMD_USDC-PERPETUAL	611.29	0.0388	pay 0.0049% / 1h	23m 24s	$76K	$151K	10x
Short	KuCoin AMDUSDTM	610.70	0.0100	get 0.0100% / 8h	2h 23m	$1.8M	$294K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$60.56
Price spread: −0.097% → −0.024%: −$7.24
Slippage, 4 orders: −$152.41
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$239.21
Costs to cover: 1.714%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; KuCoin: 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 Deribit live order book, 25 min ago	3.49 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	14.66 bp	113.9 bp −$114	doesn't fit	doesn't fit	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	−0.0651%	4h	611.11	−0.029%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0285%	8h	611.57	+0.046%	$10.3M	$17.3M	20x	as long as short
Gate AMD_USDT	0.0000%	8h	611.33	+0.007%	$4.4M	$14.1M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	611.59	+0.049%	$1K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	611.72	+0.070%	$112K	$626K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	611.15	−0.023%	$1.7M	$461K	10x	as long as short
Lighter AMD	+0.0032%	1h	610.93	−0.059%	$524K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	610.66	−0.103%	$818K	$4.7M	10x	as long as short
QFEX AMD-USD	+0.0032%	1h	611.23	−0.010%	$2.1M	$11.6M	10x	as long as short
Aster AMDUSDT	+0.0034%	8h	611.24	−0.008%	$69K	$415K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	611.09	−0.033%	$136K	$271K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	611.47	+0.029%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	610.54	−0.123%	$23.0M	$95.0M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	610.86	−0.070%	$390K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	611.10	−0.031%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	610.88	−0.067%	$1.3M	$5.2M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	610.20	−0.178%	$317K	$1.9M	10x	as long as short
Nado AMD-PERP	+0.0081%	1h	610.64	−0.107%	$254K	$240K	10x	as long as short
KuCoin AMDUSDTMshort	+0.0100%	8h	610.70	−0.097%	$1.8M	$294K	20x
ApeX Omni AMDUSDT	+0.0100%	1h	610.81	−0.079%	$78K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	611.32	+0.005%	$366	$6K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0117%	8h	611.12	−0.028%	$6.5M	$28.9M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0138%	8h	611.27	−0.004%	$20K	$168K	10x	as long as short
Aevo AMD-PERP	+0.0176%	1h	611.90	+0.099%	$11K	—	10x	as long as short
Phoenix AMD	+0.0195%	1h	610.45	−0.137%	$2K	$90K	10x	as long as short
Injective AMD/USDC PERP	+0.0220%	1h	612.62	+0.218%	$2K	$59K	12x	as long as short
Variational Omni AMD	+0.0279%	8h	610.92	−0.060%	$2.5M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0339%	8h	611.02	−0.044%	$6K	$544K	20x	as long as short
Binance AMDUSDT	+0.0365%	8h	611.36	+0.012%	$71.5M	$202.3M	25x	as long as short
Extended AMD_24_5-USD	+0.0368%	1h	611.09	−0.032%	$457K	$3.1M	10x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0388%	1h	611.29	long leg	$76K	$151K	10x