Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0736%/8h= −80.6% APRpaid last 24h −0.082%

Price spread now: edgeX against Deribit+0.012%75s7-day average +0.040% · 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−$410.413% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.012%, 7d avg +0.040%

Together, before fees−0.105%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and edgeX is 0.028% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 75 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 -0.210% in total (about -16.6% 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	619.60	0.0703	pay 0.0088% / 1h	9m 59s	$77K	$163K	10x
Short	edgeX AMDUSDC	619.68	−0.0033	pay 0.0017% / 4h	1h 09m	$81K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$154.59
Price spread: +0.012% → +0.040%: −$2.82
Slippage, 4 orders: −$25.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$198.68
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Deribit: live order book, 8 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 Deribit live order book, 8 min ago	5.57 bp	9.1 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	4.52 bp	10.0 bp −$10	32.1 bp −$321	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	−0.0033%	4h	619.68	+0.012%	$81K	$1.6M	10x
Gate AMD_USDT	0.0000%	8h	620.02	+0.068%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.13	+0.086%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.71	+0.018%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.00	+0.065%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.45	−0.024%	$834K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.272%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	620.50	+0.145%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	618.75	−0.137%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0053%	1h	619.59	−0.002%	$395K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AMD-USDT-SWAP	+0.0064%	8h	619.86	+0.042%	$6.8M	$28.7M	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	618.86	−0.119%	$311K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.89	+0.047%	$2.3M	$13.3M	10x	as long as short
tradeXYZ xyz:AMD	+0.0093%	1h	619.32	−0.045%	$24.8M	$95.6M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.49	−0.018%	$1.9M	$321K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.74	+0.023%	$378	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.21	−0.063%	$2K	$94K	10x	as long as short
Aster AMDUSDT	+0.0176%	8h	619.01	−0.095%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0192%	1h	619.60	0.000%	$536K	$2.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0194%	1h	619.34	−0.042%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0208%	1h	620.17	+0.091%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0266%	1h	619.80	+0.032%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0411%	1h	619.03	−0.092%	$315K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0453%	8h	619.68	+0.013%	$17K	$137K	10x	as long as short
Variational Omni AMD	+0.0460%	8h	619.72	+0.020%	$2.7M	$3.1M	—	as long as short
Binance AMDUSDT	+0.0510%	8h	620.01	+0.066%	$75.6M	$193.1M	25x	as long as short
Extended AMD_24_5-USD	+0.0512%	1h	619.88	+0.046%	$458K	$1.5M	10x	as long as short
BloFin AMD-USDT	+0.0513%	8h	619.99	+0.063%	$6K	$546K	20x	as long as short
Bitget AMDUSDT	+0.0518%	8h	619.91	+0.050%	$10.1M	$18.2M	20x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0703%	1h	619.60	long leg	$77K	$163K	10x
Arcus AMD-USD	+0.0780%	1h	619.70	+0.016%	$145K	$267K	10x	as long as short