Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0697%/8h= +76.3% APRpaid last 24h +0.093%

Price spread now: BloFin against QFEX+0.037%7-day average +0.022% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.177%+$18 on $10k

Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.037%, 7d avg +0.022%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.177% in total (about 18.4% 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	621.35	0.0080	pay 0.0010% / 1h	36m 56s	$2.1M	$12.0M	10x
Short	BloFin AMD-USDT	621.58	0.0777	get 0.0777% / 8h	5h 36m	$7K	$548K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.037%Rate

Funding earned: $146.37
Price spread: +0.037% → +0.022%: $1.47
Slippage, 4 orders: −$8.22
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $117.61
Costs to cover: 0.302%
Break-even: 1.4 days

Slippage from QFEX: live order book, 7 min ago; BloFin: live order book, 4 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, 7 min ago	1.85 bp	6.9 bp −$7	7.8 bp −$78	13.5 bp −$1,354	doesn't fit
Sell BloFin live order book, 4 min ago	0.08 bp	9.8 bp −$10	14.5 bp −$145	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	−0.0923%	4h	620.60	−0.120%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.54	+0.031%	$2K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.48	+0.021%	$122K	$597K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.52	+0.027%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0003%	8h	621.49	+0.023%	$4.5M	$13.3M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	621.01	−0.055%	$851K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.550%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.89	−0.074%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.96	−0.063%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.13	−0.196%	$1.5M	$4.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0055%	1h	622.18	+0.134%	—	$923K	25x	as long as short
Bitget AMDUSDT	+0.0075%	8h	621.55	+0.032%	$10.3M	$17.1M	20x	as long as short
QFEX AMD-USDlong	+0.0080%	1h	621.35	long leg	$2.1M	$12.0M	10x
KuCoin AMDUSDTM	+0.0100%	8h	620.75	−0.097%	$1.9M	$283K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.17	−0.029%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.31	−0.006%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.97	−0.222%	$300K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0140%	1h	620.98	−0.060%	$25.1M	$93.5M	10x	as long as short
SoDEX AMD-USD	+0.0193%	1h	621.30	−0.008%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0224%	1h	620.84	−0.082%	$546K	$2.4M	10x	as long as short
Phoenix AMD	+0.0245%	1h	620.22	−0.182%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.72	+0.060%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0300%	8h	621.21	−0.023%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0305%	1h	620.37	−0.158%	$268K	$213K	10x	as long as short
Aster AMDUSDT	+0.0403%	8h	620.69	−0.106%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0706%	8h	620.97	−0.061%	$18K	$136K	10x	as long as short
Variational Omni AMD	+0.0716%	8h	620.48	−0.140%	$2.6M	$3.3M	—	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0766%	1h	620.89	−0.074%	$77K	$151K	10x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.26	−0.014%	$463K	$1.9M	10x	as long as short
BloFin AMD-USDTshort	+0.0777%	8h	621.58	+0.037%	$7K	$548K	20x
Binance AMDUSDT	+0.0778%	8h	621.64	+0.047%	$75.6M	$190.0M	25x	as long as short