Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.019%
Price spread now: Polymarket Perps against Phoenix+0.045%59s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 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. Polymarket Perps is 0.045% dearer against Phoenix than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.134% in total) that is about 2.3 days. The two prices were read 59 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 | Phoenix AMD | 622.24 | 0.0206 | pay 0.0026% / 1h | 19m 56s | $2K | $90K | 10x |
| Short | Polymarket Perps AMD-USD | 622.52 | 0.0050 | get 0.0006% / 1h | 19m 56s | $399K | $1.5M | 10x |
Phoenix AMD
Polymarket Perps AMD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$32.72
- Price spread: +0.045% → 0.000%
- $4.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.22
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 3 min ago. 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 Polymarket Perps live order book, 3 min ago | 1.53 bp | 6.3 bp −$6 | 6.5 bp −$65 | 10.1 bp −$1,006 | doesn't fit |
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 | −0.0703% | 4h | 622.30 | +0.010% | $79K | $1.6M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUAL | −0.0007% | 1h | 622.37 | +0.021% | $77K | $151K | 10x | as long as short |
| Gate AMD_USDT | 0.0000% | 8h | 623.20 | +0.154% | $4.5M | $13.5M | 50x | as long as short |
| Bitget AMDUSDT | 0.0000% | 8h | 623.09 | +0.137% | $10.3M | $17.1M | 20x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 622.78 | +0.087% | $1K | $8.3M | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 622.58 | +0.055% | $121K | $614K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 622.15 | −0.014% | $1.8M | $458K | 10x | as long as short |
| Lighter AMD | +0.0032% | 1h | 622.60 | +0.058% | $555K | $2.5M | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 622.78 | +0.087% | $841K | $4.5M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.691% | $5K | $55K | 12x | as long as short |
edgeX AMDUSDC
Deribit AMD_USDC-PERPETUAL
Gate AMD_USDT
Bitget AMDUSDT
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Lighter AMD
Lighter RH AMD
Injective AMD/USDC PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus AMD-USD | +0.0040% | 1h | 622.42 | +0.029% | $145K | $263K | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0050% | 1h | 622.61 | +0.059% | $23.7M | $94.4M | 10x | as long as short |
| Polymarket Perps AMD-USDshort | +0.0050% | 1h | 622.52 | +0.045% | $399K | $1.5M | 10x | |
| SoDEX AMD-USD | +0.0050% | 1h | 622.66 | +0.067% | $26K | $24K | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 621.80 | −0.071% | $1.4M | $4.3M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0061% | 1h | 624.20 | +0.315% | — | $923K | 25x | as long as short |
| Nado AMD-PERP | +0.0078% | 1h | 622.61 | +0.060% | $269K | $226K | 10x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 622.69 | +0.072% | $2.1M | $11.7M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 622.67 | +0.069% | $1.9M | $289K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 621.97 | −0.043% | $80K | $258K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 622.70 | +0.074% | $372 | $6K | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0120% | 1h | 622.30 | +0.010% | $316K | $1.9M | 10x | as long as short |
| Phoenix AMDlong | +0.0206% | 1h | 622.24 | long leg | $2K | $90K | 10x | |
| Aevo AMD-PERP | +0.0240% | 1h | 622.95 | +0.113% | $11K | — | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0244% | 8h | 623.08 | +0.135% | $6.9M | $28.2M | 25x | as long as short |
| Aster AMDUSDT | +0.0278% | 8h | 622.77 | +0.085% | $72K | $412K | 50x | as long as short |
| GRVT AMD_USDT_Perp | +0.0370% | 8h | 622.42 | +0.029% | $18K | $146K | 10x | as long as short |
| Variational Omni AMD | +0.0570% | 8h | 622.48 | +0.039% | $2.6M | $3.3M | — | as long as short |
| Extended AMD_24_5-USD | +0.0632% | 1h | 622.75 | +0.082% | $463K | $1.9M | 10x | as long as short |
| Binance AMDUSDT | +0.0634% | 8h | 622.95 | +0.115% | $73.0M | $194.9M | 25x | as long as short |
| BloFin AMD-USDT | +0.0651% | 8h | 622.48 | +0.039% | $7K | $550K | 20x | as long as short |
Arcus AMD-USD
tradeXYZ xyz:AMD
SoDEX AMD-USD
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
Nado AMD-PERP
QFEX AMD-USD
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
Coinbase International AMD-PERP-INTX
Aevo AMD-PERP
OKX AMD-USDT-SWAP
Aster AMDUSDT
GRVT AMD_USDT_Perp
Variational Omni AMD
Extended AMD_24_5-USD
Binance AMDUSDT
BloFin AMD-USDT