Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.068%

Price spread now: KuCoin against Nado+0.005%51s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2122.118% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.005%, 7d avg −0.036%

Together, before fees−0.143%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.041% dearer against Nado than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 3 days (−0.050% in total) that is about 2.6 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -5.7% 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	Nado AMD-PERP	624.41	0.0409	pay 0.0051% / 1h	47m 36s	$320K	$167K	10x
Short	KuCoin AMDUSDTM	624.44	0.0100	get 0.0100% / 8h	7h 47m	$1.9M	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$64.81
Price spread: +0.005% → −0.036%: $4.07
Slippage, 4 orders: −$192.84
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$272.58
Costs to cover: 2.118%
Break-even: never at this rate

Slippage from Nado: live order book, 25 min ago; KuCoin: live order book, 9 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 Nado live order book, 25 min ago	2.26 bp	8.8 bp −$9	20.6 bp −$206	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	11.40 bp	150.8 bp −$151	doesn't fit	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	−0.0105%	4h	624.15	−0.041%	$82K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	625.55	+0.182%	$2K	$8.8M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	625.53	+0.179%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	625.20	+0.126%	$856K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−2.033%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	625.93	+0.243%	—	$925K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	624.52	+0.017%	$1.5M	$4.6M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	625.47	+0.169%	$2.3M	$13.4M	10x	as long as short
KuCoin AMDUSDTMshort	+0.0100%	8h	624.44	+0.005%	$1.9M	$313K	20x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	625.29	+0.141%	$374	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	622.59	−0.292%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0184%	1h	625.31	+0.144%	$538K	$2.3M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0213%	8h	625.43	+0.163%	$6.9M	$28.5M	25x	as long as short
Phoenix AMD	+0.0219%	1h	623.04	−0.220%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0232%	1h	625.14	+0.116%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0261%	8h	623.97	−0.070%	$72K	$416K	50x	as long as short
Nado AMD-PERPlong	+0.0409%	1h	624.41	long leg	$320K	$167K	10x
Gate AMD_USDT	+0.0512%	8h	625.84	+0.229%	$4.5M	$13.3M	50x	as long as short
Variational Omni AMD	+0.0536%	8h	623.02	−0.223%	$2.6M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0586%	8h	624.57	+0.025%	$6K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0592%	1h	625.49	+0.172%	$473K	$1.8M	10x	as long as short
Binance AMDUSDT	+0.0601%	8h	625.64	+0.197%	$76.2M	$191.7M	25x	as long as short
HTX AMD-USDT	+0.0610%	8h	625.03	+0.099%	$132K	$579K	20x	as long as short
tradeXYZ xyz:AMD	+0.0628%	1h	625.07	+0.105%	$25.1M	$93.2M	10x	as long as short
Polymarket Perps AMD-USD	+0.0677%	1h	624.76	+0.056%	$398K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0678%	1h	624.98	+0.091%	$26K	$24K	10x	as long as short
Bitget AMDUSDT	+0.0679%	8h	625.61	+0.192%	$10.2M	$17.5M	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0695%	1h	625.17	+0.121%	$78K	$151K	10x	as long as short
Arcus AMD-USD	+0.0782%	1h	624.15	−0.042%	$145K	$265K	10x	as long as short
ApeX Omni AMDUSDT	+0.0834%	1h	622.86	−0.249%	$80K	$259K	50x	as long as short
GRVT AMD_USDT_Perp	+0.1467%	8h	623.14	−0.204%	$18K	$131K	10x	as long as short