Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0891%/8h= +97.6% APRpaid last 24h +0.157%

Price spread now: Bitget against edgeX−0.058%74s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$480.484% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.058%, 7d avg +0.002%

Together, before fees+0.353%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.059% cheaper against edgeX than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.161% in total) that is about 2.6 days. The two prices were read 74 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 0.161% in total (about 8.4% 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	edgeX AMDUSDC	620.49	−0.0632	get 0.0316% / 4h	2h 08m	$81K	$1.6M	10x
Short	Bitget AMDUSDT	620.13	0.0259	get 0.0259% / 8h	6h 08m	$10.3M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.058%Rate

Funding earned: $187.16
Price spread: −0.058% → +0.002%: −$5.94
Slippage, 4 orders: −$27.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $132.81
Costs to cover: 0.484%
Break-even: 2.0 days

Slippage from edgeX: live order book, 1 min ago; Bitget: live order book, 5 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 edgeX live order book, 1 min ago	5.57 bp	11.5 bp −$12	33.1 bp −$331	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.61 bp	11.6 bp −$12	15.7 bp −$157	33.8 bp −$3,381	doesn't fit

AMD on 30 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 AMDUSDClong	−0.0632%	4h	620.49	long leg	$81K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	620.11	−0.061%	$2K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.75	−0.119%	$121K	$597K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.53	−0.155%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0012%	8h	620.08	−0.066%	$4.5M	$13.4M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	619.62	−0.140%	$844K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.413%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.33	−0.026%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	619.68	−0.130%	$395K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.24	−0.201%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0059%	1h	621.04	+0.089%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.09	−0.064%	$2.2M	$12.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.80	−0.111%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.42	−0.011%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.07	−0.068%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	619.72	−0.124%	$305K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0161%	1h	619.51	−0.158%	$25.0M	$93.5M	10x	as long as short
SoDEX AMD-USD	+0.0166%	1h	619.93	−0.090%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0168%	1h	619.63	−0.138%	$549K	$2.4M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0202%	1h	619.64	−0.137%	$77K	$151K	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.61	+0.020%	$2K	$90K	10x	as long as short
Bitget AMDUSDTshort	+0.0259%	8h	620.13	−0.058%	$10.3M	$17.1M	20x
Aevo AMD-PERP	+0.0280%	1h	620.33	−0.025%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0283%	8h	619.93	−0.090%	$6.9M	$28.0M	25x	as long as short
Nado AMD-PERP	+0.0406%	1h	619.37	−0.180%	$268K	$207K	10x	as long as short
Aster AMDUSDT	+0.0408%	8h	620.11	−0.061%	$72K	$413K	50x	as long as short
Variational Omni AMD	+0.0727%	8h	620.34	−0.025%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0782%	8h	620.05	−0.071%	$75.4M	$190.4M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	619.95	−0.087%	$463K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0813%	8h	620.45	−0.006%	$17K	$134K	10x	as long as short