Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0195%/8h= −21.3% APRpaid last 24h −0.077%

Price spread now: Injective against Bitget−1.482%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 1.482% cheaper against Bitget than usual: you would sell low and buy high (−$148 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 -0.024% 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	Bitget AMDUSDT	620.92	0.0228	pay 0.0228% / 8h	6h 04m	$10.3M	$17.1M	20x
Short	Injective AMD/USDC PERP	611.72	0.0033	get 0.0004% / 1h	4m 29s	$5K	$55K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −1.482%Rate

Funding earned: −$40.88
Price spread: −1.482% → 0.000%: −$148.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$201.07
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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 Bitget live order book, 4 min ago	1.53 bp	11.0 bp −$11	22.0 bp −$220	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0134%	4h	620.54	−0.062%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.80	−0.019%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.66	−0.042%	$121K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.95	+0.005%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0011%	8h	620.89	−0.005%	$4.5M	$13.4M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.33	−0.095%	$851K	$4.4M	10x	as long as short
Injective AMD/USDC PERPshort	+0.0033%	1h	611.72	−1.482%	$5K	$55K	12x
Arcus AMD-USD	+0.0040%	1h	620.62	−0.048%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.36	−0.090%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.81	−0.179%	$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	+0.0059%	1h	621.62	+0.113%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.72	−0.032%	$2.2M	$12.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.19	−0.118%	$1.9M	$286K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.42	−0.081%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.76	−0.026%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	619.72	−0.193%	$305K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0160%	1h	620.29	−0.101%	$25.1M	$93.5M	10x	as long as short
Lighter AMD	+0.0168%	1h	620.42	−0.081%	$549K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0185%	1h	620.65	−0.043%	$25K	$24K	10x	as long as short
Bitget AMDUSDTlong	+0.0228%	8h	620.92	long leg	$10.3M	$17.1M	20x
Phoenix AMD	+0.0244%	1h	620.37	−0.089%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.16	+0.039%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0284%	8h	620.50	−0.068%	$6.9M	$28.0M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0315%	1h	620.33	−0.095%	$77K	$151K	10x	as long as short
Nado AMD-PERP	+0.0398%	1h	620.00	−0.148%	$268K	$208K	10x	as long as short
Aster AMDUSDT	+0.0406%	8h	620.86	−0.009%	$72K	$413K	50x	as long as short
Variational Omni AMD	+0.0723%	8h	620.91	−0.002%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0780%	8h	620.84	−0.013%	$75.5M	$190.3M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	620.68	−0.039%	$463K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0798%	8h	620.00	−0.148%	$17K	$134K	10x	as long as short