Funding you earn now, next payment 04:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h −0.028%
Price spread now: Phoenix against Deribit+0.332%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 +$4 a day on $10k at the current rate, and Phoenix is 0.332% dearer against Deribit than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit AMD_USDC-PERPETUAL | 617.34 | 0 | get 0.0000% / 1h | 25m 25s | $77K | $151K | 10x |
| Short | Phoenix AMD | 619.39 | 0.0141 | get 0.0018% / 1h | 25m 25s | $2K | $90K | 10x |
Deribit AMD_USDC-PERPETUAL
Phoenix AMDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- $29.69
- Price spread: +0.332% → 0.000%
- $33.21
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $48.9
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Deribit: live order book, 28 min ago; 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 Deribit live order book, 28 min ago | 0.08 bp | 11.7 bp −$12 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | −0.0299% | 4h | 618.88 | +0.250% | $78K | $1.7M | 10x | as long as short |
| Gate AMD_USDT | 0.0000% | 8h | 617.83 | +0.079% | $4.5M | $13.7M | 50x | as long as short |
| Bitget AMDUSDT | 0.0000% | 8h | 618.01 | +0.109% | $10.2M | $17.1M | 20x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 617.75 | +0.066% | $1K | $8.2M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUALlong | 0.0000% | 1h | 617.34 | long leg | $77K | $151K | 10x | |
| HTX AMD-USDT | 0.0000% | 8h | 617.67 | +0.053% | $117K | $623K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 617.09 | −0.040% | $1.7M | $460K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 617.42 | +0.013% | $830K | $4.5M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 619.05 | +0.277% | $2K | $57K | 12x | as long as short |
| Arcus AMD-USD | +0.0040% | 1h | 618.62 | +0.207% | $144K | $265K | 10x | as long as short |
edgeX AMDUSDC
Gate AMD_USDT
Bitget AMDUSDT
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Arcus AMD-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AMD | +0.0048% | 1h | 617.44 | +0.016% | $534K | $2.5M | 10x | as long as short |
| QFEX AMD-USD | +0.0049% | 1h | 617.60 | +0.042% | $2.1M | $11.6M | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 617.40 | +0.010% | $396K | $1.5M | 10x | as long as short |
| SoDEX AMD-USD | +0.0050% | 1h | 617.72 | +0.062% | $25K | $24K | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 616.98 | −0.058% | $1.3M | $4.4M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0062% | 1h | 618.81 | +0.238% | — | $923K | 25x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0088% | 1h | 617.03 | −0.050% | $313K | $1.8M | 10x | as long as short |
| Nado AMD-PERP | +0.0088% | 1h | 617.39 | +0.007% | $263K | $235K | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 617.64 | +0.049% | $1.9M | $293K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 617.96 | +0.100% | $79K | $257K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 617.88 | +0.087% | $369 | $6K | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0116% | 1h | 617.39 | +0.008% | $23.4M | $94.4M | 10x | as long as short |
| Phoenix AMDshort | +0.0141% | 1h | 619.39 | +0.332% | $2K | $90K | 10x | |
| Aster AMDUSDT | +0.0167% | 8h | 618.06 | +0.116% | $69K | $415K | 50x | as long as short |
| OKX AMD-USDT-SWAP | +0.0204% | 8h | 617.60 | +0.042% | $6.8M | $28.1M | 25x | as long as short |
| Aevo AMD-PERP | +0.0208% | 1h | 617.91 | +0.092% | $11K | — | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.0244% | 8h | 619.42 | +0.336% | $18K | $158K | 10x | as long as short |
| Variational Omni AMD | +0.0444% | 8h | 617.63 | +0.047% | $2.5M | $3.3M | — | as long as short |
| Binance AMDUSDT | +0.0515% | 8h | 617.66 | +0.051% | $72.5M | $196.2M | 25x | as long as short |
| Extended AMD_24_5-USD | +0.0520% | 1h | 617.53 | +0.031% | $461K | $1.9M | 10x | as long as short |
| BloFin AMD-USDT | +0.0523% | 8h | 618.67 | +0.215% | $6K | $548K | 20x | as long as short |
Lighter AMD
QFEX AMD-USD
Polymarket Perps AMD-USD
SoDEX AMD-USD
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
Coinbase International AMD-PERP-INTX
Nado AMD-PERP
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
tradeXYZ xyz:AMD
Aster AMDUSDT
OKX AMD-USDT-SWAP
Aevo AMD-PERP
GRVT AMD_USDT_Perp
Variational Omni AMD
Binance AMDUSDT
Extended AMD_24_5-USD
BloFin AMD-USDT