Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.078%

Price spread now: Binance against Coinbase International+0.020%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.020%, 7d avg +0.119%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.100% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.119%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.098% in total) that is about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMD-PERP-INTX	609.57	0.0168	pay 0.0021% / 1h	54m 50s	$304K	$1.8M	10x
Short	Binance AMDUSDT	609.69	0.0292	get 0.0292% / 8h	6h 54m	$72.1M	$203.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.020%Rate

Funding earned: $26.1
Price spread: +0.020% → +0.119%: −$9.96
Slippage, 4 orders: −$14.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.75
Costs to cover: 0.349%
Break-even: 12.0 days

Slippage from Coinbase International: live order book, 4 min ago; Binance: 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 Coinbase International live order book, 4 min ago	4.59 bp	9.6 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.33 bp	7.0 bp −$7	13.9 bp −$139	53.8 bp −$5,382	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	−0.0808%	4h	610.26	+0.114%	$73K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	610.20	+0.104%	$69K	$417K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	609.93	+0.059%	$4.7M	$14.4M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	609.58	+0.002%	$10.2M	$16.5M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	610.29	+0.118%	$2K	$7.5M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	610.71	+0.187%	$93K	$659K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	609.74	+0.028%	$1.7M	$465K	10x	as long as short
Lighter AMD	+0.0032%	1h	609.40	−0.028%	$521K	$2.3M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	609.38	−0.031%	$806K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	551.13	−9.587%	$2K	$58K	12x	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	610.59	+0.167%	—	$924K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	609.58	+0.002%	$393K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	609.75	+0.030%	$1.4M	$5.4M	10x	as long as short
tradeXYZ xyz:AMD	+0.0067%	1h	609.18	−0.064%	$21.1M	$96.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	610.28	+0.116%	$2.0M	$11.4M	10x	as long as short
SoDEX AMD-USD	+0.0097%	1h	609.77	+0.033%	$25K	$20K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0097%	8h	609.51	−0.010%	$6.8M	$29.4M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	609.52	−0.008%	$1.9M	$382K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	610.71	+0.187%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	609.69	+0.020%	$365	$6K	10x	as long as short
Phoenix AMD	+0.0118%	1h	610.06	+0.080%	$2K	$76K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0128%	1h	609.30	−0.044%	$76K	$149K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	609.43	−0.023%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTXlong	+0.0168%	1h	609.57	long leg	$304K	$1.8M	10x
Nado AMD-PERP	+0.0212%	1h	609.68	+0.018%	$250K	$246K	10x	as long as short
Variational Omni AMD	+0.0217%	8h	611.04	+0.240%	$2.0M	$3.8M	—	as long as short
BloFin AMD-USDT	+0.0270%	8h	609.76	+0.031%	$6K	$560K	20x	as long as short
Binance AMDUSDTshort	+0.0292%	8h	609.69	+0.020%	$72.1M	$203.5M	25x
Extended AMD_24_5-USD	+0.0296%	1h	609.50	−0.011%	$457K	$3.4M	10x	as long as short
Arcus AMD-USD	+0.0623%	1h	610.25	+0.112%	$123K	$280K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0663%	8h	610.49	+0.152%	$19K	$193K	10x	as long as short