Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.030%

Price spread now: Coinbase International against Bitget−0.103%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.103%, 7d avg −0.130%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.027% dearer against Bitget than usual: you sell high and buy low (spread −0.103% now, against its 7-day average of −0.130%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% 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	Bitget AMDUSDT	620.27	0.0543	pay 0.0543% / 8h	32m 12s	$10.1M	$18.0M	20x
Short	Coinbase International AMD-PERP-INTX	619.63	0.0080	get 0.0010% / 1h	32m 12s	$312K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$97.23
Price spread: −0.103% → −0.130%: $2.71
Slippage, 4 orders: −$19.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$135.81
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 1 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 Bitget live order book, 2 min ago	1.21 bp	11.3 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.58 bp	7.6 bp −$8	11.6 bp −$116	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	−0.0554%	4h	620.45	+0.030%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.59	+0.052%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.49	+0.035%	$1K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.41	+0.023%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.90	−0.060%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.04	−0.037%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.378%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.20	+0.150%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.02	−0.040%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.60	−0.108%	$1.5M	$4.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	620.31	+0.006%	$2.3M	$13.5M	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0080%	1h	619.63	−0.103%	$312K	$1.8M	10x
KuCoin AMDUSDTM	+0.0100%	8h	620.03	−0.039%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.17	−0.016%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0124%	1h	619.99	−0.045%	$24.8M	$94.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0129%	1h	620.18	−0.015%	$80K	$259K	50x	as long as short
SoDEX AMD-USD	+0.0133%	1h	620.41	+0.023%	$25K	$24K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0140%	8h	620.40	+0.021%	$6.8M	$28.6M	25x	as long as short
Lighter AMD	+0.0184%	1h	620.13	−0.023%	$525K	$2.5M	10x	as long as short
Phoenix AMD	+0.0207%	1h	620.01	−0.042%	$2K	$92K	10x	as long as short
Aster AMDUSDT	+0.0214%	8h	620.33	+0.009%	$72K	$416K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.69	+0.067%	$11K	—	10x	as long as short
Nado AMD-PERP	+0.0487%	1h	619.72	−0.089%	$317K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0490%	8h	620.50	+0.038%	$17K	$134K	10x	as long as short
Variational Omni AMD	+0.0500%	8h	620.42	+0.025%	$2.7M	$3.2M	—	as long as short
Bitget AMDUSDTlong	+0.0543%	8h	620.27	long leg	$10.1M	$18.0M	20x
Extended AMD_24_5-USD	+0.0544%	1h	620.37	+0.016%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0548%	8h	620.51	+0.039%	$75.5M	$192.5M	25x	as long as short
BloFin AMD-USDT	+0.0569%	8h	620.45	+0.029%	$6K	$545K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0638%	1h	620.20	−0.011%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.20	−0.011%	$145K	$265K	10x	as long as short