Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.001%

Price spread now: QFEX against OKX+0.058%7-day average −0.013% · 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−$22as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.058%, 7d avg −0.013%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.070% dearer against OKX than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.013%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 3 days (−0.012% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.012% in total (about -1.3% 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	OKX AMD-USDT-SWAP	621.53	0.0289	pay 0.0289% / 8h	6h 23m	$6.9M	$28.1M	25x
Short	QFEX AMD-USD	621.89	0.0080	get 0.0010% / 1h	23m 27s	$2.2M	$12.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$43.86
Price spread: +0.058% → −0.013%: $7.04
Slippage, 4 orders: −$9.5
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$66.31
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 6 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 OKX live order book, 5 min ago	0.64 bp	6.9 bp −$7	12.3 bp −$123	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.17 bp	7.2 bp −$7	7.9 bp −$79	15.8 bp −$1,584	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 AMDUSDC	−0.0745%	4h	621.69	+0.026%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.15	+0.100%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.89	+0.058%	$122K	$598K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.56	+0.005%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.43	−0.016%	$847K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.578%	$5K	$55K	12x	as long as short
Gate AMD_USDT	+0.0038%	8h	621.91	+0.061%	$4.5M	$13.3M	50x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.66	+0.021%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.23	−0.048%	$396K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.59	−0.151%	$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	+0.0060%	1h	622.61	+0.174%	—	$923K	25x	as long as short
QFEX AMD-USDshort	+0.0080%	1h	621.89	+0.058%	$2.2M	$12.5M	10x
KuCoin AMDUSDTM	+0.0100%	8h	621.08	−0.072%	$1.9M	$288K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.63	+0.016%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.04	+0.082%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.37	−0.187%	$310K	$1.8M	10x	as long as short
Lighter AMD	+0.0176%	1h	621.60	+0.011%	$550K	$2.4M	10x	as long as short
tradeXYZ xyz:AMD	+0.0179%	1h	621.07	−0.074%	$25.1M	$93.6M	10x	as long as short
Phoenix AMD	+0.0244%	1h	621.20	−0.053%	$2K	$90K	10x	as long as short
SoDEX AMD-USD	+0.0257%	1h	621.77	+0.039%	$26K	$24K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	622.36	+0.134%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0289%	8h	621.53	long leg	$6.9M	$28.1M	25x
Bitget AMDUSDT	+0.0379%	8h	621.91	+0.061%	$10.3M	$17.3M	20x	as long as short
Nado AMD-PERP	+0.0413%	1h	621.02	−0.082%	$268K	$205K	10x	as long as short
Aster AMDUSDT	+0.0414%	8h	621.74	+0.034%	$72K	$415K	50x	as long as short
Variational Omni AMD	+0.0721%	8h	622.15	+0.100%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.71	+0.028%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0785%	8h	621.79	+0.042%	$75.6M	$190.4M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0864%	8h	621.79	+0.042%	$18K	$133K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0877%	1h	621.61	+0.013%	$77K	$151K	10x	as long as short