Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.037%

Price spread now: Polymarket Perps against Bitget−0.040%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.040%, 7d avg −0.062%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.022% dearer against Bitget than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.062%): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.014% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% 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	31m 48s	$10.1M	$18.0M	20x
Short	Polymarket Perps AMD-USD	620.02	0.0050	get 0.0006% / 1h	31m 48s	$395K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$103.53
Price spread: −0.040% → −0.062%: $2.19
Slippage, 4 orders: −$15.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$137.25
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	1.93 bp	6.6 bp −$7	6.8 bp −$68	10.1 bp −$1,011	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	620.63	+0.058%	$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-USDshort	+0.0050%	1h	620.02	−0.040%	$395K	$1.6M	10x
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-INTX	+0.0080%	1h	619.63	−0.103%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.05	−0.035%	$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	+0.0126%	1h	619.96	−0.050%	$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	620.38	+0.018%	$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	620.44	+0.028%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0548%	8h	620.55	+0.046%	$75.6M	$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