Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0276%/8h= −30.3% APRpaid last 24h −0.086%

Price spread now: Coinbase International against BloFin−0.102%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.102%, 7d avg −0.138%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.036% dearer against BloFin than usual: you sell high and buy low (spread −0.102% now, against its 7-day average of −0.138%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.018% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% 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	BloFin AMD-USDT	615.96	0.0396	pay 0.0396% / 8h	2h 26m	$6K	$540K	20x
Short	Coinbase International AMD-PERP-INTX	615.33	0.0120	get 0.0015% / 1h	26m 44s	$311K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$58.03
Price spread: −0.102% → −0.138%: $3.55
Slippage, 4 orders: −$10.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$87.22
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from BloFin: live order book, 59 min ago; Coinbase International: 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 BloFin live order book, 59 min ago	0.08 bp	6.5 bp −$6	11.1 bp −$111	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.76 bp	9.0 bp −$9	14.1 bp −$141	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	−0.0660%	4h	615.89	−0.011%	$81K	$1.6M	10x	as long as short
OKX AMD-USDT-SWAP	0.0000%	8h	615.69	−0.044%	$6.7M	$28.4M	25x	as long as short
Gate AMD_USDT	0.0000%	8h	615.79	−0.028%	$4.3M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	615.94	−0.003%	$2K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	615.64	−0.052%	$127K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	615.88	−0.013%	$1.7M	$454K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	615.53	−0.070%	$881K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.688%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	616.41	+0.073%	—	$948K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	615.42	−0.088%	$24.9M	$95.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	615.56	−0.065%	$409K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	615.05	−0.148%	$1.4M	$4.7M	10x	as long as short
Aster AMDUSDT	+0.0075%	8h	615.97	+0.001%	$71K	$411K	50x	as long as short
QFEX AMD-USD	+0.0080%	1h	615.87	−0.015%	$2.3M	$13.1M	10x	as long as short
Lighter AMD	+0.0088%	1h	615.51	−0.073%	$600K	$2.6M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	615.27	−0.112%	$1.9M	$323K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	615.79	−0.028%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	615.78	−0.029%	$376	$6K	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0120%	1h	615.33	−0.102%	$311K	$1.8M	10x
SoDEX AMD-USD	+0.0126%	1h	615.70	−0.042%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0156%	1h	615.53	−0.070%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	616.11	+0.025%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0238%	1h	615.56	−0.065%	$77K	$163K	10x	as long as short
Nado AMD-PERP	+0.0330%	1h	615.13	−0.134%	$313K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0350%	8h	615.88	−0.013%	$18K	$141K	10x	as long as short
Variational Omni AMD	+0.0361%	8h	615.89	−0.012%	$2.7M	$3.1M	—	as long as short
BloFin AMD-USDTlong	+0.0396%	8h	615.96	long leg	$6K	$540K	20x
Binance AMDUSDT	+0.0422%	8h	615.83	−0.021%	$74.9M	$192.9M	25x	as long as short
Extended AMD_24_5-USD	+0.0424%	1h	615.79	−0.027%	$456K	$1.5M	10x	as long as short
Bitget AMDUSDT	+0.0467%	8h	615.87	−0.015%	$10.0M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.1053%	1h	615.73	−0.037%	$142K	$282K	10x	as long as short