Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0919%/8h= +100.6% APRpaid last 24h +0.133%

Price spread now: Arcus against Gate−0.056%7-day average −0.036% · 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−$40as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.195%+$20 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.056%, 7d avg −0.036%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.036%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$28 a day). At the pace of the last 3 days (+0.195% in total) that is about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.195% in total (about 21.0% 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	Gate AMD_USDT	620.56	0	get 0.0000% / 8h	32m 57s	$4.4M	$13.6M	50x
Short	Arcus AMD-USD	620.21	0.0919	get 0.0115% / 1h	32m 57s	$145K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.056%Rate

Funding earned: $192.89
Price spread: −0.056% → −0.036%: −$2.06
Slippage, 4 orders: −$18.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $152.65
Costs to cover: 0.382%
Break-even: 1.5 days

Slippage from Gate: live order book, 1 min ago; Arcus: live order book, 45 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 Gate live order book, 1 min ago	0.64 bp	13.9 bp −$14	73.3 bp −$733	doesn't fit	doesn't fit
Sell Arcus live order book, 45 min ago	3.47 bp	7.1 bp −$7	7.6 bp −$76	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	−0.0554%	4h	620.45	−0.017%	$81K	$1.6M	10x	as long as short
Gate AMD_USDTlong	0.0000%	8h	620.56	long leg	$4.4M	$13.6M	50x
SunX AMD-USDT	0.0000%	8h	620.43	−0.021%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.20	−0.058%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.47	−0.015%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.03	−0.085%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.425%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.23	+0.108%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.00	−0.090%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.60	−0.155%	$1.5M	$4.8M	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	+0.0080%	1h	620.23	−0.053%	$2.3M	$13.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.150%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.01	−0.089%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.20	−0.058%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0122%	1h	619.91	−0.105%	$24.8M	$94.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0129%	1h	620.18	−0.061%	$80K	$259K	50x	as long as short
SoDEX AMD-USD	+0.0132%	1h	620.31	−0.040%	$25K	$24K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0138%	8h	620.26	−0.048%	$6.8M	$28.6M	25x	as long as short
Lighter AMD	+0.0184%	1h	620.12	−0.071%	$525K	$2.5M	10x	as long as short
Phoenix AMD	+0.0207%	1h	620.01	−0.089%	$2K	$92K	10x	as long as short
Aster AMDUSDT	+0.0215%	8h	620.34	−0.036%	$72K	$416K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.64	+0.013%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0379%	1h	620.04	−0.084%	$77K	$163K	10x	as long as short
Nado AMD-PERP	+0.0488%	1h	619.80	−0.122%	$317K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0490%	8h	620.50	−0.009%	$17K	$134K	10x	as long as short
Variational Omni AMD	+0.0500%	8h	620.42	−0.022%	$2.7M	$3.2M	—	as long as short
Bitget AMDUSDT	+0.0544%	8h	620.27	−0.047%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDT	+0.0548%	8h	620.43	−0.022%	$75.6M	$192.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.27	−0.047%	$464K	$1.5M	10x	as long as short
BloFin AMD-USDT	+0.0569%	8h	620.45	−0.018%	$6K	$545K	20x	as long as short
Arcus AMD-USDshort	+0.0919%	1h	620.21	−0.056%	$145K	$265K	10x