Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h +0.047%

Price spread now: Bitget against ApeX Omni+0.160%53s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

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

costs, in and out, $10k−$510.505% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.160%, 7d avg +0.019%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.141% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.019%): +$14 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.072% in total) that is about 14 days. The two prices were read 53 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 7 days it paid -0.072% in total (about -3.8% 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	ApeX Omni AMDUSDT	612.96	0.0100	pay 0.0013% / 1h	58m 39s	$79K	$255K	50x
Short	Bitget AMDUSDT	613.94	−0.0350	pay 0.0350% / 8h	58m 39s	$10.3M	$17.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$94.5
Price spread: +0.160% → +0.019%: $14.1
Slippage, 4 orders: −$28.53
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$130.93
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; Bitget: live order book, 5 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 ApeX Omni live order book, 43 min ago	5.31 bp	10.3 bp −$10	37.0 bp −$370	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.79 bp	15.6 bp −$16	28.4 bp −$284	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	−0.0469%	4h	613.32	+0.059%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDTshort	−0.0350%	8h	613.94	+0.160%	$10.3M	$17.4M	20x
Injective AMD/USDC PERP	−0.0220%	1h	551.12	−10.089%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	613.78	+0.135%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.93	+0.158%	$4.5M	$14.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.38	+0.069%	$1K	$8.1M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	613.26	+0.049%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.56	+0.098%	$101K	$639K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.65	+0.113%	$1.7M	$465K	10x	as long as short
Lighter AMD	+0.0032%	1h	613.25	+0.047%	$521K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMD	+0.0032%	1h	613.18	+0.036%	$802K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	613.33	+0.060%	$132K	$282K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.27	+0.214%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	613.13	+0.028%	$22.1M	$96.2M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.19	+0.038%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.76	−0.033%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	613.27	+0.051%	$2.1M	$11.7M	10x	as long as short
SoDEX AMD-USD	+0.0071%	1h	613.60	+0.104%	$25K	$24K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0076%	8h	613.36	+0.065%	$6.6M	$29.6M	25x	as long as short
Nado AMD-PERP	+0.0077%	1h	612.94	−0.003%	$255K	$241K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	613.38	+0.069%	$1.9M	$295K	20x	as long as short
ApeX Omni AMDUSDTlong	+0.0100%	1h	612.96	long leg	$79K	$255K	50x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.57	+0.100%	$367	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	612.56	−0.065%	$312K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	613.17	+0.034%	$2K	$89K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	613.75	+0.130%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0178%	8h	613.48	+0.084%	$20K	$178K	10x	as long as short
Variational Omni AMD	+0.0207%	8h	613.29	+0.053%	$2.0M	$3.8M	—	as long as short
BloFin AMD-USDT	+0.0267%	8h	613.68	+0.117%	$6K	$553K	20x	as long as short
Extended AMD_24_5-USD	+0.0288%	1h	613.37	+0.067%	$457K	$3.2M	10x	as long as short
Binance AMDUSDT	+0.0289%	8h	613.54	+0.095%	$72.1M	$204.8M	25x	as long as short