Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0529%/8h= +57.9% APRpaid last 24h +0.062%

Price spread now: Deribit against Phemex+0.016%7-day average −0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.127%+$13 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.016%, 7d avg −0.038%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.055% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.127% in total (about 10.1% 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	Phemex AMDUSDT	616.50	0	get 0.0000% / 8h	1h 45m	$1.7M	$460K	10x
Short	Deribit AMD_USDC-PERPETUAL	616.60	0.0529	get 0.0066% / 1h	45m 43s	$77K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phemex. 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 PhemexbpFee DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $111.1
Price spread: +0.016% → −0.038%: $5.46
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $97.56
Costs to cover: 0.190%
Break-even: 0.9 days

Slippage unknown: Phemex: live order book, 3 min ago; Deribit: live order book, 38 min ago. 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 Phemex live order book, 3 min ago	9.82 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 38 min ago	6.01 bp	13.1 bp −$13	14.9 bp −$149	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	−0.0456%	4h	617.00	+0.080%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	617.00	+0.081%	$4.4M	$13.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	616.83	+0.054%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.71	+0.034%	$127K	$578K	20x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	616.50	long leg	$1.7M	$460K	10x
OKX AMD-USDT-SWAP	+0.0008%	8h	616.69	+0.031%	$6.8M	$28.6M	25x	as long as short
Lighter RH AMD	+0.0032%	1h	616.54	+0.006%	$825K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.775%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.41	+0.148%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.58	+0.013%	$406K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	615.98	−0.084%	$1.4M	$4.8M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	616.68	+0.029%	$311K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0079%	1h	616.35	−0.024%	$24.9M	$95.7M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	616.92	+0.068%	$2.3M	$13.2M	10x	as long as short
Aster AMDUSDT	+0.0089%	8h	616.96	+0.075%	$71K	$416K	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.26	−0.039%	$1.9M	$323K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.81	+0.050%	$376	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0109%	1h	617.06	+0.091%	$79K	$259K	50x	as long as short
Phoenix AMD	+0.0169%	1h	616.50	0.000%	$2K	$94K	10x	as long as short
SoDEX AMD-USD	+0.0183%	1h	616.75	+0.041%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0184%	1h	616.68	+0.029%	$533K	$2.6M	10x	as long as short
Aevo AMD-PERP	+0.0192%	1h	617.18	+0.111%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0360%	8h	616.98	+0.078%	$18K	$140K	10x	as long as short
Variational Omni AMD	+0.0374%	8h	617.01	+0.083%	$2.7M	$3.1M	—	as long as short
Nado AMD-PERP	+0.0424%	1h	616.19	−0.051%	$314K	$166K	10x	as long as short
Extended AMD_24_5-USD	+0.0432%	1h	616.96	+0.074%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0438%	8h	617.19	+0.113%	$75.2M	$193.4M	25x	as long as short
BloFin AMD-USDT	+0.0442%	8h	616.77	+0.044%	$6K	$541K	20x	as long as short
Bitget AMDUSDT	+0.0482%	8h	617.01	+0.083%	$10.1M	$18.2M	20x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0529%	1h	616.60	+0.016%	$77K	$163K	10x
Arcus AMD-USD	+0.0780%	1h	616.91	+0.067%	$142K	$281K	10x	as long as short