Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.062%

Price spread now: Deribit against Gate−0.122%51s7-day average −0.020% · 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—prices read too far apart to compare

costs, in and out, $10k−$570.569% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.139%+$14 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.122%, 7d avg −0.020%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.102% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.139%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AMD_USDT	622.24	0.0104	pay 0.0104% / 8h	6h 53m	$4.5M	$13.2M	50x
Short	Deribit AMD_USDC-PERPETUAL	621.48	0	get 0.0000% / 1h	53m 29s	$77K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$21.84
Price spread: −0.122% → −0.020%: −$10.22
Slippage, 4 orders: −$34.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.98
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 15 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, 5 min ago	1.52 bp	25.9 bp −$26	277.4 bp −$2,774	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	4.33 bp	11.0 bp −$11	13.2 bp −$132	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	−0.0740%	4h	622.71	+0.075%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.80	−0.071%	$1K	$8.5M	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	0.0000%	1h	621.48	−0.122%	$77K	$151K	10x
Phemex AMDUSDT	0.0000%	8h	621.97	−0.043%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.80	−0.071%	$838K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.691%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.34	+0.016%	$144K	$264K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.86	−0.061%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	621.76	−0.077%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.32	−0.148%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AMD	+0.0056%	1h	621.75	−0.079%	$535K	$2.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	623.44	+0.193%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0077%	1h	622.03	−0.034%	$25.1M	$93.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.08	−0.026%	$2.2M	$12.7M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.97	−0.043%	$1.9M	$299K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.08	−0.026%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.22	−0.003%	$372	$6K	10x	as long as short
Gate AMD_USDTlong	+0.0104%	8h	622.24	long leg	$4.5M	$13.2M	50x
Coinbase International AMD-PERP-INTX	+0.0120%	1h	623.02	+0.125%	$300K	$1.8M	10x	as long as short
Phoenix AMD	+0.0244%	1h	621.52	−0.116%	$2K	$90K	10x	as long as short
Nado AMD-PERP	+0.0245%	1h	621.56	−0.110%	$275K	$197K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0280%	8h	622.23	−0.002%	$6.9M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0280%	1h	622.20	−0.007%	$11K	—	10x	as long as short
HTX AMD-USDT	+0.0291%	8h	621.49	−0.121%	$132K	$580K	20x	as long as short
Aster AMDUSDT	+0.0421%	8h	622.06	−0.029%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0653%	8h	622.36	+0.019%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0743%	8h	622.28	+0.006%	$2.6M	$3.2M	—	as long as short
Binance AMDUSDT	+0.0782%	8h	622.24	+0.001%	$75.7M	$190.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	622.02	−0.036%	$463K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0804%	8h	621.81	−0.069%	$6K	$550K	20x	as long as short
GRVT AMD_USDT_Perp	+0.1250%	8h	621.88	−0.058%	$17K	$131K	10x	as long as short