Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.051%

Price spread now: Bitget against ApeX Omni+0.172%113s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as 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−$480.477% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.172%, 7d avg +0.016%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.156% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour. The two prices were read 113 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 -0.071% in total (about -3.7% 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	ApeX Omni AMDUSDT	622.27	0.0505	pay 0.0063% / 1h	29m 42s	$80K	$258K	50x
Short	Bitget AMDUSDT	623.34	0.0718	get 0.0718% / 8h	7h 29m	$10.3M	$17.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.172%Rate

Funding earned: $44.7
Price spread: +0.172% → +0.016%: $15.59
Slippage, 4 orders: −$25.67
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $12.63
Costs to cover: 0.477%
Break-even: 5.0 days

Slippage from ApeX Omni: live order book, 42 min ago; Bitget: 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 ApeX Omni live order book, 42 min ago	5.16 bp	10.2 bp −$10	31.6 bp −$316	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.85 bp	13.6 bp −$14	19.7 bp −$197	43.2 bp −$4,321	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	−0.0861%	4h	622.61	+0.055%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	623.09	+0.132%	$2K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	623.14	+0.140%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.82	+0.088%	$852K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.695%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.66	−0.098%	$1.5M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0051%	1h	623.59	+0.212%	—	$926K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	623.34	+0.172%	$2.3M	$13.2M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.77	+0.080%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.99	+0.116%	$373	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	+0.124%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	623.00	+0.117%	$540K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	621.94	−0.053%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	623.18	+0.146%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0248%	8h	623.18	+0.146%	$6.9M	$28.3M	25x	as long as short
Gate AMD_USDT	+0.0276%	8h	623.65	+0.222%	$4.5M	$13.4M	50x	as long as short
SoDEX AMD-USD	+0.0311%	1h	622.89	+0.100%	$26K	$24K	10x	as long as short
Aster AMDUSDT	+0.0323%	8h	622.11	−0.026%	$72K	$416K	50x	as long as short
Polymarket Perps AMD-USD	+0.0333%	1h	622.61	+0.055%	$397K	$1.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0343%	1h	622.61	+0.055%	$25.1M	$93.4M	10x	as long as short
Nado AMD-PERP	+0.0434%	1h	622.03	−0.038%	$318K	$171K	10x	as long as short
HTX AMD-USDT	+0.0485%	8h	622.89	+0.100%	$132K	$579K	20x	as long as short
ApeX Omni AMDUSDTlong	+0.0505%	1h	622.27	long leg	$80K	$258K	50x
Deribit AMD_USDC-PERPETUAL	+0.0602%	1h	622.64	+0.059%	$78K	$151K	10x	as long as short
Variational Omni AMD	+0.0628%	8h	622.64	+0.059%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0672%	1h	623.21	+0.151%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0676%	8h	623.33	+0.171%	$76.0M	$190.7M	25x	as long as short
BloFin AMD-USDT	+0.0688%	8h	622.60	+0.053%	$6K	$550K	20x	as long as short
Bitget AMDUSDTshort	+0.0718%	8h	623.34	+0.172%	$10.3M	$17.5M	20x
Arcus AMD-USD	+0.0782%	1h	622.68	+0.066%	$145K	$264K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1419%	8h	622.68	+0.066%	$18K	$130K	10x	as long as short