Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0331%/8h= −36.2% APRpaid last 24h −0.110%

Price spread now: edgeX against tradeXYZ−0.003%106s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.455% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.003%, 7d avg +0.049%

Together, before fees−0.139%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.052% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 106 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 7 days it paid -0.169% in total (about -8.8% 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	tradeXYZ xyz:AMD	612.84	0.0050	pay 0.0006% / 1h	23m 42s	$22.6M	$95.7M	10x
Short	edgeX AMDUSDC	612.82	−0.0281	pay 0.0140% / 4h	1h 23m	$72K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$69.5
Price spread: −0.003% → +0.049%: −$5.21
Slippage, 4 orders: −$18.51
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$120.22
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; edgeX: 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 tradeXYZ live order book, 6 min ago	0.98 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	5.14 bp	11.4 bp −$11	32.5 bp −$325	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
Bitget AMDUSDT	−0.0425%	8h	613.55	+0.116%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDCshort	−0.0281%	4h	612.82	−0.003%	$72K	$1.7M	10x
Aster AMDUSDT	0.0000%	8h	613.21	+0.060%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.33	+0.080%	$4.4M	$14.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	612.80	−0.007%	$2K	$8.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	612.73	−0.018%	$102K	$641K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.90	+0.010%	$1.7M	$465K	10x	as long as short
Lighter AMD	+0.0032%	1h	613.01	+0.028%	$521K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	612.93	+0.015%	$810K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	612.55	−0.047%	$134K	$278K	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	+0.0046%	1h	613.23	+0.064%	—	$925K	25x	as long as short
tradeXYZ xyz:AMDlong	+0.0050%	1h	612.84	long leg	$22.6M	$95.7M	10x
Polymarket Perps AMD-USD	+0.0050%	1h	612.44	−0.065%	$394K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	612.96	+0.020%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.12	−0.117%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	612.57	−0.044%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	549.96	−10.260%	$2K	$59K	12x	as long as short
OKX AMD-USDT-SWAP	+0.0083%	8h	613.24	+0.065%	$6.6M	$29.2M	25x	as long as short
Nado AMD-PERP	+0.0090%	1h	612.09	−0.123%	$254K	$241K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.57	−0.044%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.30	−0.088%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.79	−0.008%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	612.56	−0.046%	$312K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	612.00	−0.137%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0148%	8h	612.79	−0.009%	$20K	$176K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	613.05	+0.034%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0210%	8h	613.10	+0.043%	$2.0M	$3.8M	—	as long as short
Extended AMD_24_5-USD	+0.0296%	1h	613.24	+0.065%	$458K	$3.1M	10x	as long as short
Binance AMDUSDT	+0.0299%	8h	613.39	+0.090%	$72.0M	$204.5M	25x	as long as short
BloFin AMD-USDT	+0.0303%	8h	613.00	+0.026%	$6K	$551K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0305%	1h	612.54	−0.049%	$76K	$151K	10x	as long as short