Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1465%/8h= −160.4% APRpaid last 24h −0.192%

Price spread now: edgeX against Binance+0.113%80s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$510.507% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 2 days (all we have)−0.156%−$16 · spread now +0.113%, 7d avg +0.015%

Together, before fees−0.347%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.097% dearer against Binance than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.015%): +$10 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.191% in total) that is about 3.6 days. The two prices were read 80 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 -0.191% in total (about -10.0% 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	Binance AMDUSDT	622.79	0.0641	pay 0.0641% / 8h	7h 40m	$75.9M	$191.5M	25x
Short	edgeX AMDUSDC	623.49	−0.0824	pay 0.0412% / 4h	3h 40m	$82K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$307.66
Price spread: +0.113% → +0.015%: $9.74
Slippage, 4 orders: −$31.66
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$348.59
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 4 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 Binance live order book, 3 min ago	0.08 bp	6.9 bp −$7	18.7 bp −$187	60.9 bp −$6,091	doesn't fit
Sell edgeX live order book, 4 min ago	10.35 bp	18.3 bp −$18	37.0 bp −$370	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 AMDUSDCshort	−0.0824%	4h	623.49	+0.113%	$82K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	622.78	−0.002%	$1K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.96	−0.133%	$1.8M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.34	−0.072%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.777%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0049%	1h	623.85	+0.170%	—	$926K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.01	−0.125%	$1.5M	$4.4M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.77	−0.003%	$2.3M	$13.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.39	−0.064%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.78	−0.002%	$372	$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	623.04	+0.040%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	622.47	−0.051%	$539K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	622.87	+0.013%	$2K	$92K	10x	as long as short
Gate AMD_USDT	+0.0226%	8h	622.93	+0.022%	$4.5M	$13.4M	50x	as long as short
OKX AMD-USDT-SWAP	+0.0228%	8h	622.62	−0.027%	$6.9M	$28.4M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.96	+0.027%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0293%	8h	621.87	−0.148%	$72K	$416K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0345%	1h	622.33	−0.074%	$77K	$151K	10x	as long as short
SoDEX AMD-USD	+0.0369%	1h	622.59	−0.032%	$26K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0422%	1h	622.14	−0.104%	$25.1M	$93.5M	10x	as long as short
Nado AMD-PERP	+0.0430%	1h	621.99	−0.128%	$319K	$171K	10x	as long as short
Polymarket Perps AMD-USD	+0.0437%	1h	622.38	−0.066%	$397K	$1.5M	10x	as long as short
ApeX Omni AMDUSDT	+0.0506%	1h	624.65	+0.299%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0591%	8h	623.20	+0.066%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0640%	1h	622.66	−0.021%	$469K	$2.1M	10x	as long as short
Binance AMDUSDTlong	+0.0641%	8h	622.79	long leg	$75.9M	$191.5M	25x
BloFin AMD-USDT	+0.0661%	8h	622.93	+0.022%	$6K	$551K	20x	as long as short
HTX AMD-USDT	+0.0668%	8h	622.55	−0.039%	$132K	$579K	20x	as long as short
Bitget AMDUSDT	+0.0748%	8h	622.79	0.000%	$10.1M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.44	+0.104%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1770%	8h	623.46	+0.107%	$18K	$131K	10x	as long as short