Funding you earn now, next payment 00:00 UTC−0.0186%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.032%
Price spread now: Injective against Phoenix−1.743%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 1.743% cheaper against Phoenix than usual: you would sell low and buy high (−$174 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. 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 | Phoenix AMD | 622.57 | 0.0219 | pay 0.0027% / 1h | 31m 44s | $2K | $92K | 10x |
| Short | Injective AMD/USDC PERP | 611.72 | 0.0033 | get 0.0004% / 1h | 31m 44s | $5K | $55K | 12x |
Phoenix AMD
Injective AMD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phoenix. 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
- −$39.02
- Price spread: −1.743% → 0.000%
- −$174.28
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$220.32
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Phoenix and 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 | −0.0506% | 4h | 622.33 | −0.039% | $81K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 623.02 | +0.072% | $2K | $8.7M | 10x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 622.95 | +0.061% | $1.8M | $460K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 622.16 | −0.066% | $851K | $4.3M | 10x | as long as short |
| Injective AMD/USDC PERPshort | +0.0033% | 1h | 611.72 | −1.743% | $5K | $55K | 12x | |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 622.03 | −0.087% | $1.5M | $4.4M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0051% | 1h | 623.39 | +0.132% | — | $926K | 25x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 622.68 | +0.018% | $2.3M | $13.2M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 622.22 | −0.056% | $1.9M | $313K | 20x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 622.72 | +0.024% | $372 | $6K | 10x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
QFEX AMD-USD
KuCoin AMDUSDTM
Orderly PERP_AMD_USDC_mythosShow 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 | 623.04 | +0.075% | $312K | $1.8M | 10x | as long as short |
| Lighter AMD | +0.0160% | 1h | 622.30 | −0.043% | $539K | $2.3M | 10x | as long as short |
| Phoenix AMDlong | +0.0219% | 1h | 622.57 | long leg | $2K | $92K | 10x | |
| Gate AMD_USDT | +0.0233% | 8h | 622.68 | +0.018% | $4.5M | $13.4M | 50x | as long as short |
| Aevo AMD-PERP | +0.0240% | 1h | 622.91 | +0.054% | $11K | — | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0241% | 8h | 622.33 | −0.039% | $6.9M | $28.3M | 25x | as long as short |
| SoDEX AMD-USD | +0.0287% | 1h | 622.42 | −0.024% | $26K | $24K | 10x | as long as short |
| Aster AMDUSDT | +0.0314% | 8h | 621.57 | −0.161% | $72K | $416K | 50x | as long as short |
| Polymarket Perps AMD-USD | +0.0343% | 1h | 622.40 | −0.027% | $397K | $1.5M | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0356% | 1h | 622.06 | −0.082% | $25.1M | $93.4M | 10x | as long as short |
| Nado AMD-PERP | +0.0430% | 1h | 621.86 | −0.114% | $318K | $171K | 10x | as long as short |
| HTX AMD-USDT | +0.0485% | 8h | 622.82 | +0.040% | $132K | $579K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0537% | 1h | 622.83 | +0.042% | $80K | $258K | 50x | as long as short |
| Variational Omni AMD | +0.0614% | 8h | 622.46 | −0.018% | $2.6M | $3.2M | — | as long as short |
| BloFin AMD-USDT | +0.0661% | 8h | 622.11 | −0.074% | $6K | $550K | 20x | as long as short |
| Extended AMD_24_5-USD | +0.0664% | 1h | 622.58 | +0.002% | $463K | $2.1M | 10x | as long as short |
| Binance AMDUSDT | +0.0668% | 8h | 622.76 | +0.030% | $75.9M | $191.4M | 25x | as long as short |
| Bitget AMDUSDT | +0.0723% | 8h | 622.78 | +0.034% | $10.3M | $17.5M | 20x | as long as short |
| Arcus AMD-USD | +0.0782% | 1h | 622.38 | −0.031% | $145K | $265K | 10x | as long as short |
| Deribit AMD_USDC-PERPETUAL | +0.0828% | 1h | 622.36 | −0.034% | $77K | $151K | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.1513% | 8h | 622.27 | −0.048% | $18K | $130K | 10x | as long as short |
Coinbase International AMD-PERP-INTX
Lighter AMD
Gate AMD_USDT
Aevo AMD-PERP
OKX AMD-USDT-SWAP
SoDEX AMD-USD
Aster AMDUSDT
Polymarket Perps AMD-USD
tradeXYZ xyz:AMD
Nado AMD-PERP
HTX AMD-USDT
ApeX Omni AMDUSDT
Variational Omni AMD
BloFin AMD-USDT
Extended AMD_24_5-USD
Binance AMDUSDT
Bitget AMDUSDT
Arcus AMD-USD
Deribit AMD_USDC-PERPETUAL
GRVT AMD_USDT_Perp