Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.002%

Price spread now: Coinbase International against OKX−0.101%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.101%, 7d avg −0.075%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.026% cheaper against OKX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.075%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMD-USDT-SWAP	613.18	0.0085	pay 0.0085% / 8h	1h 19m	$6.6M	$29.5M	25x
Short	Coinbase International AMD-PERP-INTX	612.56	0.0120	get 0.0015% / 1h	19m 11s	$312K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.101%Rate

Funding earned: $7.32
Price spread: −0.101% → −0.075%: −$2.63
Slippage, 4 orders: −$11.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.13
Costs to cover: 0.318%
Break-even: 32.9 days

Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 4 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 OKX live order book, 4 min ago	0.73 bp	8.2 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.37 bp	7.9 bp −$8	13.5 bp −$135	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
Bitget AMDUSDT	−0.0399%	8h	613.46	+0.046%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDC	−0.0329%	4h	613.28	+0.016%	$72K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	613.62	+0.071%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.50	+0.052%	$4.5M	$14.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.37	+0.031%	$2K	$8.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.35	+0.028%	$102K	$641K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.50	+0.052%	$1.7M	$464K	10x	as long as short
Lighter AMD	+0.0032%	1h	613.03	−0.024%	$521K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	612.75	−0.070%	$812K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	613.15	−0.005%	$134K	$280K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0046%	1h	613.53	+0.057%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.73	−0.073%	$22.6M	$95.7M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	612.81	−0.060%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.30	−0.144%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	613.03	−0.024%	$2.1M	$11.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	549.96	−10.310%	$2K	$59K	12x	as long as short
OKX AMD-USDT-SWAPlong	+0.0085%	8h	613.18	long leg	$6.6M	$29.5M	25x
SoDEX AMD-USD	+0.0094%	1h	613.17	−0.002%	$25K	$24K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.65	−0.086%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	613.14	−0.007%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.12	−0.010%	$367	$6K	10x	as long as short
Nado AMD-PERP	+0.0106%	1h	612.48	−0.113%	$255K	$241K	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0120%	1h	612.56	−0.101%	$312K	$1.9M	10x
Phoenix AMD	+0.0143%	1h	613.14	−0.007%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0157%	8h	613.31	+0.022%	$19K	$177K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	613.38	+0.033%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0213%	8h	613.46	+0.045%	$2.0M	$3.8M	—	as long as short
BloFin AMD-USDT	+0.0278%	8h	613.40	+0.036%	$6K	$552K	20x	as long as short
Extended AMD_24_5-USD	+0.0304%	1h	613.18	−0.001%	$458K	$3.1M	10x	as long as short
Binance AMDUSDT	+0.0305%	8h	613.46	+0.046%	$72.0M	$204.6M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0517%	1h	612.86	−0.052%	$76K	$151K	10x	as long as short