Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0489%/8h= −53.5% APRpaid last 24h −0.112%

Price spread now: Injective against Binance+0.110%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.110% dearer against Binance than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.057% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% 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	Binance AMDUSDT	618.37	0.0522	pay 0.0522% / 8h	3h 26m	$72.5M	$196.2M	25x
Short	Injective AMD/USDC PERP	619.05	0.0033	get 0.0004% / 1h	26m 59s	$2K	$57K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.110%Rate

Funding earned: −$102.6
Price spread: +0.110% → 0.000%: $10.95
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$101.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 1 min ago; Injective: 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 Binance live order book, 1 min ago	0.24 bp	7.2 bp −$7	13.7 bp −$137	46.2 bp −$4,619	85.3 bp −$42.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0702%	4h	619.41	+0.168%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	618.59	+0.035%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	618.67	+0.048%	$10.2M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	618.57	+0.032%	$1K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	618.23	−0.023%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	618.41	+0.006%	$117K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	618.62	+0.040%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	618.30	−0.012%	$834K	$4.5M	10x	as long as short
Injective AMD/USDC PERPshort	+0.0033%	1h	619.05	+0.110%	$2K	$57K	12x
Arcus AMD-USD	+0.0040%	1h	619.36	+0.160%	$144K	$265K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AMD	+0.0048%	1h	618.34	−0.005%	$534K	$2.5M	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	618.76	+0.063%	$2.1M	$11.6M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	618.57	+0.032%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	618.50	+0.021%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	617.94	−0.070%	$1.3M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.07	+0.274%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	619.13	+0.122%	$314K	$1.8M	10x	as long as short
Nado AMD-PERP	+0.0094%	1h	618.58	+0.033%	$264K	$235K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	618.54	+0.027%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.34	+0.156%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	618.47	+0.016%	$370	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0123%	1h	618.09	−0.046%	$23.4M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	619.39	+0.165%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0170%	8h	618.35	−0.004%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0208%	8h	618.22	−0.025%	$6.8M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0208%	1h	618.65	+0.046%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0244%	8h	619.42	+0.169%	$18K	$158K	10x	as long as short
Variational Omni AMD	+0.0452%	8h	619.69	+0.212%	$2.5M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0520%	1h	618.38	+0.001%	$461K	$1.9M	10x	as long as short
Binance AMDUSDTlong	+0.0522%	8h	618.37	long leg	$72.5M	$196.2M	25x
BloFin AMD-USDT	+0.0523%	8h	618.67	+0.048%	$6K	$548K	20x	as long as short