Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.023%

Price spread now: Gate against Coinbase International−0.185%50s7-day average +0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$550.552% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.185%, 7d avg +0.109%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.294% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.109%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMD-PERP-INTX	615.35	0.0072	pay 0.0009% / 1h	42m 25s	$320K	$1.9M	10x
Short	Gate AMD_USDT	614.21	0	get 0.0000% / 8h	2h 42m	$4.4M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.185%Rate

Funding earned: −$15.12
Price spread: −0.185% → +0.109%: −$29.4
Slippage, 4 orders: −$30.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.68
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Gate: 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 Coinbase International live order book, 1 min ago	4.07 bp	9.1 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.81 bp	23.3 bp −$23	59.7 bp −$597	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	−0.0195%	4h	615.74	+0.063%	$77K	$1.7M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	−0.0125%	1h	613.39	−0.319%	$76K	$151K	10x	as long as short
Gate AMD_USDTshort	0.0000%	8h	614.21	−0.185%	$4.4M	$14.0M	50x
Bitget AMDUSDT	0.0000%	8h	614.47	−0.143%	$10.2M	$17.3M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	614.62	−0.119%	$2K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	614.76	−0.096%	$114K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	614.12	−0.200%	$1.7M	$462K	10x	as long as short
Nado AMD-PERP	+0.0032%	1h	613.92	−0.232%	$255K	$239K	10x	as long as short
Lighter AMD	+0.0032%	1h	614.35	−0.163%	$532K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	614.41	−0.153%	$792K	$4.6M	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	+0.0032%	1h	614.52	−0.135%	$2.0M	$11.5M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	615.21	−0.023%	$138K	$271K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	615.31	−0.007%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	613.78	−0.255%	$23.1M	$94.9M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.96	−0.226%	$401K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	613.96	−0.226%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	614.24	−0.180%	$1.3M	$5.0M	10x	as long as short
Aster AMDUSDT	+0.0058%	8h	614.16	−0.193%	$69K	$415K	50x	as long as short
Coinbase International AMD-PERP-INTXlong	+0.0072%	1h	615.35	long leg	$320K	$1.9M	10x
KuCoin AMDUSDTM	+0.0100%	8h	614.22	−0.184%	$1.9M	$297K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	615.27	−0.013%	$79K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.85	−0.244%	$367	$6K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0130%	8h	613.95	−0.228%	$6.6M	$28.7M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0139%	8h	616.03	+0.111%	$20K	$165K	10x	as long as short
Aevo AMD-PERP	+0.0176%	1h	613.94	−0.230%	$11K	—	10x	as long as short
Phoenix AMD	+0.0195%	1h	615.66	+0.050%	$2K	$90K	10x	as long as short
Injective AMD/USDC PERP	+0.0220%	1h	619.05	+0.601%	$2K	$57K	12x	as long as short
Variational Omni AMD	+0.0314%	8h	615.81	+0.075%	$2.5M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0384%	1h	613.80	−0.251%	$459K	$3.1M	10x	as long as short
Binance AMDUSDT	+0.0387%	8h	614.02	−0.217%	$71.2M	$200.1M	25x	as long as short
BloFin AMD-USDT	+0.0388%	8h	614.89	−0.075%	$6K	$547K	20x	as long as short