Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.26 per $10,000 · paid last 24h +0.033%
Price spread now: Phoenix against Injective+1.535%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 1.535% dearer against Injective than usual: you sell high and buy low: +$154 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.8% 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 | Injective AMD/USDC PERP | 611.72 | 0.0033 | pay 0.0004% / 1h | 7m 38s | $5K | $55K | 12x |
| Short | Phoenix AMD | 621.11 | 0.0245 | get 0.0031% / 1h | 7m 38s | $2K | $90K | 10x |
Injective AMD/USDC PERP
Phoenix AMDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $44.48
- Price spread: +1.535% → 0.000%
- $153.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $190.96
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Injective and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0872% | 4h | 621.69 | +1.630% | $81K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 622.20 | +1.713% | $1K | $8.3M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUAL | 0.0000% | 1h | 621.80 | +1.648% | $77K | $151K | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 622.07 | +1.692% | $122K | $599K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 621.80 | +1.648% | $1.8M | $459K | 10x | as long as short |
| Gate AMD_USDT | +0.0010% | 8h | 622.43 | +1.751% | $4.5M | $13.3M | 50x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 621.94 | +1.671% | $855K | $4.4M | 10x | as long as short |
| Injective AMD/USDC PERPlong | +0.0033% | 1h | 611.72 | long leg | $5K | $55K | 12x | |
| Bitget AMDUSDT | +0.0034% | 8h | 622.29 | +1.728% | $10.3M | $17.0M | 20x | as long as short |
| Arcus AMD-USD | +0.0040% | 1h | 622.08 | +1.694% | $144K | $263K | 10x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
Deribit AMD_USDC-PERPETUAL
HTX AMD-USDT
Phemex AMDUSDT
Gate AMD_USDT
Lighter RH AMD
Bitget AMDUSDT
Arcus AMD-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps AMD-USD | +0.0050% | 1h | 621.83 | +1.653% | $399K | $1.5M | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 621.48 | +1.596% | $1.5M | $4.2M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0053% | 1h | 623.42 | +1.913% | — | $923K | 25x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 622.14 | +1.703% | $2.1M | $11.9M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 621.85 | +1.656% | $1.9M | $281K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 621.53 | +1.604% | $80K | $257K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 622.05 | +1.689% | $372 | $6K | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0136% | 1h | 620.69 | +1.466% | $300K | $1.8M | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0157% | 1h | 621.83 | +1.653% | $24.8M | $93.8M | 10x | as long as short |
| SoDEX AMD-USD | +0.0190% | 1h | 622.00 | +1.681% | $26K | $24K | 10x | as long as short |
| Lighter AMD | +0.0208% | 1h | 622.02 | +1.684% | $545K | $2.5M | 10x | as long as short |
| Phoenix AMDshort | +0.0245% | 1h | 621.11 | +1.535% | $2K | $90K | 10x | |
| Aevo AMD-PERP | +0.0272% | 1h | 622.49 | +1.761% | $11K | — | 10x | as long as short |
| Nado AMD-PERP | +0.0303% | 1h | 621.66 | +1.626% | $269K | $218K | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0306% | 8h | 622.15 | +1.705% | $7.0M | $28.0M | 25x | as long as short |
| Aster AMDUSDT | +0.0385% | 8h | 621.85 | +1.657% | $72K | $412K | 50x | as long as short |
| GRVT AMD_USDT_Perp | +0.0669% | 8h | 621.77 | +1.642% | $18K | $139K | 10x | as long as short |
| Variational Omni AMD | +0.0712% | 8h | 621.75 | +1.640% | $2.6M | $3.3M | — | as long as short |
| Binance AMDUSDT | +0.0767% | 8h | 622.29 | +1.728% | $75.4M | $190.1M | 25x | as long as short |
| Extended AMD_24_5-USD | +0.0768% | 1h | 622.08 | +1.694% | $464K | $1.9M | 10x | as long as short |
| BloFin AMD-USDT | +0.0785% | 8h | 622.19 | +1.712% | $7K | $548K | 20x | as long as short |
Polymarket Perps AMD-USD
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
QFEX AMD-USD
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
Coinbase International AMD-PERP-INTX
tradeXYZ xyz:AMD
SoDEX AMD-USD
Lighter AMD
Aevo AMD-PERP
Nado AMD-PERP
OKX AMD-USDT-SWAP
Aster AMDUSDT
GRVT AMD_USDT_Perp
Variational Omni AMD
Binance AMDUSDT
Extended AMD_24_5-USD
BloFin AMD-USDT