Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0601%/8h= +65.8% APRpaid last 24h +0.046%

Price spread now: BloFin against Deribit+0.163%57s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.163%, 7d avg +0.049%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BloFin is 0.114% dearer against Deribit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 57 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 5 days it paid 0.050% 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	Deribit AMD_USDC-PERPETUAL	621.51	0	get 0.0000% / 1h	56m 13s	$77K	$151K	10x
Short	BloFin AMD-USDT	622.52	0.0601	get 0.0601% / 8h	3h 56m	$7K	$550K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.163%Rate

Funding earned: $126.21
Price spread: +0.163% → +0.049%: $11.39
Slippage, 4 orders: −$12.74
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $105.86
Costs to cover: 0.317%
Break-even: 1.1 days

Slippage from Deribit: live order book, 62 min ago; BloFin: live order book, 40 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 Deribit live order book, 62 min ago	4.18 bp	7.7 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	0.08 bp	6.1 bp −$6	8.5 bp −$85	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	−0.0021%	4h	622.40	+0.143%	$79K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.19	+0.109%	$4.5M	$13.6M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	622.32	+0.130%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	622.14	+0.101%	$2K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUALlong	0.0000%	1h	621.51	long leg	$77K	$151K	10x
HTX AMD-USDT	0.0000%	8h	621.90	+0.063%	$118K	$622K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.16	+0.105%	$1.8M	$460K	10x	as long as short
Lighter AMD	+0.0032%	1h	621.90	+0.063%	$554K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.83	+0.051%	$846K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.575%	$5K	$55K	12x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	622.55	+0.167%	$145K	$266K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	622.19	+0.109%	$2.1M	$11.6M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.80	+0.047%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	621.98	+0.076%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.50	−0.002%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0065%	1h	623.59	+0.335%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	621.55	+0.006%	$316K	$1.9M	10x	as long as short
Nado AMD-PERP	+0.0096%	1h	621.91	+0.064%	$268K	$230K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.89	+0.061%	$1.9M	$291K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.08	+0.092%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.98	+0.076%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0161%	1h	621.87	+0.058%	$23.6M	$94.5M	10x	as long as short
Phoenix AMD	+0.0206%	1h	622.28	+0.124%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0224%	1h	622.30	+0.127%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0228%	8h	621.83	+0.052%	$72K	$412K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0230%	8h	621.97	+0.074%	$6.9M	$28.2M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0303%	8h	622.56	+0.169%	$18K	$151K	10x	as long as short
Variational Omni AMD	+0.0526%	8h	622.92	+0.227%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0582%	8h	622.01	+0.080%	$72.9M	$195.9M	25x	as long as short
Extended AMD_24_5-USD	+0.0584%	1h	621.94	+0.070%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDTshort	+0.0601%	8h	622.52	+0.163%	$7K	$550K	20x