Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.050%

Price spread now: Bitget against QFEX0.000%46s7-day average +0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.354% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 7 days+0.026%+$3 · spread now 0.000%, 7d avg +0.039%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.039% cheaper against QFEX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.039%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.043% in total) that is about 3.0 days. The two prices were read 46 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 3 days it paid 0.043% in total (about 4.7% 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	QFEX AMD-USD	617.17	0.0080	pay 0.0010% / 1h	43m 48s	$2.3M	$13.2M	10x
Short	Bitget AMDUSDT	617.17	0.0486	get 0.0486% / 8h	1h 43m	$10.1M	$18.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $85.26
Price spread: 0.000% → +0.039%: −$3.87
Slippage, 4 orders: −$13.45
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $45.94
Costs to cover: 0.354%
Break-even: 3.2 days

Slippage from QFEX: live order book, 5 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 QFEX live order book, 5 min ago	0.97 bp	6.0 bp −$6	7.1 bp −$71	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.62 bp	13.1 bp −$13	26.7 bp −$267	61.3 bp −$6,135	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	−0.0022%	4h	616.70	−0.076%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	617.03	−0.023%	$4.4M	$13.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	617.32	+0.024%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.80	−0.060%	$127K	$578K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	617.12	−0.008%	$1.7M	$460K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0012%	8h	616.99	−0.029%	$6.8M	$28.6M	25x	as long as short
Lighter RH AMD	+0.0032%	1h	616.65	−0.084%	$827K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.883%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.58	+0.066%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.79	−0.062%	$406K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	616.02	−0.186%	$1.4M	$4.8M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	616.68	−0.079%	$311K	$1.8M	10x	as long as short
QFEX AMD-USDlong	+0.0080%	1h	617.17	long leg	$2.3M	$13.2M	10x
tradeXYZ xyz:AMD	+0.0090%	1h	616.47	−0.113%	$24.8M	$95.8M	10x	as long as short
Aster AMDUSDT	+0.0096%	8h	616.96	−0.034%	$71K	$416K	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.37	−0.130%	$1.9M	$323K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.96	−0.034%	$376	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0133%	1h	616.76	−0.066%	$79K	$259K	50x	as long as short
Phoenix AMD	+0.0169%	1h	616.50	−0.109%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0192%	1h	617.51	+0.056%	$11K	—	10x	as long as short
Lighter AMD	+0.0224%	1h	616.81	−0.058%	$533K	$2.6M	10x	as long as short
SoDEX AMD-USD	+0.0226%	1h	617.08	−0.015%	$25K	$24K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0370%	8h	616.80	−0.060%	$17K	$140K	10x	as long as short
Variational Omni AMD	+0.0385%	8h	616.74	−0.070%	$2.7M	$3.1M	—	as long as short
Nado AMD-PERP	+0.0428%	1h	616.27	−0.147%	$314K	$166K	10x	as long as short
Extended AMD_24_5-USD	+0.0440%	1h	617.12	−0.008%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0444%	8h	617.27	+0.016%	$75.2M	$193.3M	25x	as long as short
BloFin AMD-USDT	+0.0449%	8h	617.28	+0.018%	$6K	$541K	20x	as long as short
Bitget AMDUSDTshort	+0.0486%	8h	617.17	0.000%	$10.1M	$18.2M	20x
Deribit AMD_USDC-PERPETUAL	+0.0772%	1h	616.84	−0.053%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0780%	1h	616.96	−0.034%	$142K	$279K	10x	as long as short