Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0639%/8h= +70.0% APRpaid last 24h +0.090%

Price spread now: BloFin against Coinbase International+0.215%58s7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$330.334% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.215%, 7d avg +0.137%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and BloFin is 0.077% dearer against Coinbase International than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.137%. The two prices were read 58 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 0.074% 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	Coinbase International AMD-PERP-INTX	619.97	0.0136	pay 0.0017% / 1h	38m 05s	$300K	$1.8M	10x
Short	BloFin AMD-USDT	621.30	0.0775	get 0.0775% / 8h	5h 38m	$7K	$548K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.215%Rate

Funding earned: $134.22
Price spread: +0.215% → +0.137%: $7.71
Slippage, 4 orders: −$11.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $108.5
Costs to cover: 0.334%
Break-even: 1.3 days

Slippage from Coinbase International: live order book, 1 min ago; BloFin: live order book, 3 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 Coinbase International live order book, 1 min ago	3.14 bp	8.7 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.08 bp	9.8 bp −$10	14.5 bp −$145	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	−0.0923%	4h	620.60	+0.102%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.22	+0.202%	$2K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.17	+0.194%	$122K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.35	+0.223%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0001%	8h	621.28	+0.211%	$4.5M	$13.3M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.70	+0.118%	$850K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.331%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.75	+0.126%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.76	+0.127%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.13	+0.026%	$1.5M	$4.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0055%	1h	621.78	+0.292%	—	$923K	25x	as long as short
Bitget AMDUSDT	+0.0076%	8h	621.33	+0.219%	$10.3M	$17.1M	20x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.99	+0.165%	$2.1M	$12.0M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.52	+0.089%	$1.9M	$283K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.27	+0.048%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.26	+0.208%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0133%	1h	620.75	+0.126%	$25.1M	$93.5M	10x	as long as short
Coinbase International AMD-PERP-INTXlong	+0.0136%	1h	619.97	long leg	$300K	$1.8M	10x
SoDEX AMD-USD	+0.0168%	1h	620.96	+0.160%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0208%	1h	620.82	+0.137%	$546K	$2.4M	10x	as long as short
Phoenix AMD	+0.0245%	1h	620.22	+0.040%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.48	+0.243%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0298%	8h	620.95	+0.158%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0301%	1h	620.37	+0.065%	$268K	$213K	10x	as long as short
Aster AMDUSDT	+0.0403%	8h	620.71	+0.119%	$72K	$412K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0572%	1h	620.78	+0.131%	$77K	$151K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0713%	8h	620.49	+0.085%	$18K	$136K	10x	as long as short
Variational Omni AMD	+0.0716%	8h	620.48	+0.082%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDTshort	+0.0775%	8h	621.30	+0.215%	$7K	$548K	20x
Extended AMD_24_5-USD	+0.0776%	1h	621.14	+0.189%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0777%	8h	621.30	+0.214%	$75.6M	$190.0M	25x	as long as short