Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1047%/8h= −114.6% APRpaid last 24h −0.100%

Price spread now: edgeX against Coinbase International−0.151%77s7-day average +0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as 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−$420.421% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)+0.270%+$27 · spread now −0.151%, 7d avg +0.130%

Together, before fees+0.153%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and edgeX is 0.281% cheaper against Coinbase International than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.130%). Swap the legs. The two prices were read 77 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 -0.117% in total (about -6.1% 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	623.02	0.0120	pay 0.0015% / 1h	49m 56s	$300K	$1.8M	10x
Short	edgeX AMDUSDC	622.08	−0.0927	pay 0.0463% / 4h	2h 49m	$81K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$219.86
Price spread: −0.151% → +0.130%: −$28.14
Slippage, 4 orders: −$23.08
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$290.08
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	4.58 bp	10.3 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	5.14 bp	11.3 bp −$11	33.4 bp −$334	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	−0.0927%	4h	622.08	−0.151%	$81K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	622.94	−0.013%	$1K	$8.5M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.92	−0.016%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.52	−0.080%	$839K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.814%	$5K	$55K	12x	as long as short
Lighter AMD	+0.0040%	1h	622.56	−0.074%	$536K	$2.4M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.72	−0.048%	$145K	$264K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	622.67	−0.056%	$397K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.06	−0.154%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0063%	1h	624.14	+0.180%	—	$924K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AMD-USD	+0.0071%	1h	622.75	−0.043%	$26K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.94	−0.013%	$2.2M	$12.6M	10x	as long as short
Gate AMD_USDT	+0.0100%	8h	622.83	−0.030%	$4.5M	$13.2M	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.53	−0.079%	$1.9M	$295K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.23	−0.127%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.85	−0.027%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0105%	1h	622.37	−0.104%	$25.1M	$93.3M	10x	as long as short
Coinbase International AMD-PERP-INTXlong	+0.0120%	1h	623.02	long leg	$300K	$1.8M	10x
Deribit AMD_USDC-PERPETUAL	+0.0152%	1h	622.46	−0.090%	$77K	$151K	10x	as long as short
HTX AMD-USDT	+0.0184%	8h	622.86	−0.026%	$132K	$579K	20x	as long as short
Phoenix AMD	+0.0244%	1h	621.52	−0.241%	$2K	$90K	10x	as long as short
Nado AMD-PERP	+0.0269%	1h	622.51	−0.081%	$276K	$197K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	623.19	+0.028%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0277%	8h	622.81	−0.034%	$6.9M	$28.3M	25x	as long as short
Aster AMDUSDT	+0.0416%	8h	622.47	−0.088%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0634%	8h	622.98	−0.006%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0728%	8h	622.86	−0.026%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	622.82	−0.033%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0777%	8h	622.87	−0.024%	$75.6M	$190.5M	25x	as long as short
BloFin AMD-USDT	+0.0783%	8h	622.98	−0.006%	$7K	$551K	20x	as long as short
GRVT AMD_USDT_Perp	+0.1159%	8h	622.09	−0.149%	$18K	$131K	10x	as long as short