Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0607%/8h= +66.5% APRpaid last 24h +0.137%

Price spread now: Deribit against edgeX−0.170%7-day average −0.041% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.231%+$23 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.170%, 7d avg −0.041%

Together, before fees+0.324%+ Points / potential airdropedgeX: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.129% cheaper against edgeX than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.041%). If the spread goes back, that is −$13 on $10k: about 17 hours of funding at the current rate (+$18 a day). At the pace of the last 5 days (+0.231% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.231% in total (about 18.0% 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	623.19	−0.0117	get 0.0059% / 4h	3h 38m	$82K	$1.6M	10x
Short	Deribit AMD_USDC-PERPETUAL	622.13	0.0490	get 0.0061% / 1h	38m 45s	$77K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.170%Rate

Funding earned: $127.52
Price spread: −0.170% → −0.041%: −$12.89
Slippage, 4 orders: −$41.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $56.69
Costs to cover: 0.579%
Break-even: 3.9 days

Slippage from edgeX: live order book, 5 min ago; Deribit: live order book, 35 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, 5 min ago	10.35 bp	17.2 bp −$17	34.4 bp −$344	doesn't fit	doesn't fit
Sell Deribit live order book, 35 min ago	6.94 bp	12.0 bp −$12	16.3 bp −$163	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 AMDUSDClong	−0.0117%	4h	623.19	long leg	$82K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	622.64	−0.088%	$2K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.60	−0.094%	$1.8M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.08	−0.178%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.840%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0049%	1h	623.64	+0.073%	—	$926K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.63	−0.250%	$1.5M	$4.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.78	−0.065%	$2.3M	$13.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.06	−0.181%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.60	−0.094%	$372	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	−0.024%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	622.13	−0.170%	$539K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	622.87	−0.051%	$2K	$92K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0232%	8h	622.42	−0.123%	$6.9M	$28.3M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.74	−0.072%	$11K	—	10x	as long as short
Gate AMD_USDT	+0.0249%	8h	622.61	−0.093%	$4.5M	$13.4M	50x	as long as short
Aster AMDUSDT	+0.0295%	8h	621.47	−0.276%	$72K	$416K	50x	as long as short
SoDEX AMD-USD	+0.0342%	1h	622.39	−0.128%	$26K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0403%	1h	621.84	−0.216%	$25.0M	$93.2M	10x	as long as short
Polymarket Perps AMD-USD	+0.0417%	1h	622.34	−0.136%	$397K	$1.5M	10x	as long as short
Nado AMD-PERP	+0.0425%	1h	622.10	−0.175%	$319K	$171K	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0490%	1h	622.13	−0.170%	$77K	$151K	10x
ApeX Omni AMDUSDT	+0.0498%	1h	622.80	−0.062%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0591%	8h	623.20	+0.003%	$2.6M	$3.2M	—	as long as short
HTX AMD-USDT	+0.0625%	8h	622.40	−0.126%	$132K	$579K	20x	as long as short
Extended AMD_24_5-USD	+0.0640%	1h	622.51	−0.108%	$466K	$2.3M	10x	as long as short
Binance AMDUSDT	+0.0647%	8h	622.62	−0.091%	$75.9M	$191.5M	25x	as long as short
BloFin AMD-USDT	+0.0665%	8h	622.66	−0.085%	$6K	$550K	20x	as long as short
Bitget AMDUSDT	+0.0746%	8h	622.60	−0.094%	$10.2M	$17.6M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.20	+0.002%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1770%	8h	623.46	+0.043%	$18K	$131K	10x	as long as short