Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0733%/8h= −80.2% APRpaid last 24h −0.046%

Price spread now: Deribit against BloFin−0.079%57s7-day average −0.049% · you buy dearer than you sell

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−$340.340% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.079%, 7d avg −0.049%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 0.030% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 57 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 5 days it paid -0.050% in total (about -3.8% 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	BloFin AMD-USDT	622.29	0.0733	pay 0.0733% / 8h	4h 40m	$7K	$550K	20x
Short	Deribit AMD_USDC-PERPETUAL	621.80	0	get 0.0000% / 1h	40m 03s	$77K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$153.85
Price spread: −0.079% → −0.049%: −$3.01
Slippage, 4 orders: −$14.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$190.82
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from BloFin: live order book, 61 min ago; Deribit: live order book, 18 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 BloFin live order book, 61 min ago	0.08 bp	6.7 bp −$7	11.3 bp −$113	doesn't fit	doesn't fit
Sell Deribit live order book, 18 min ago	4.18 bp	9.8 bp −$10	12.7 bp −$127	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	−0.0080%	4h	622.54	+0.040%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.29	0.000%	$4.5M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	622.43	+0.022%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	0.0000%	1h	621.80	−0.079%	$77K	$151K	10x
HTX AMD-USDT	0.0000%	8h	622.21	−0.013%	$122K	$609K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.59	−0.112%	$1.8M	$458K	10x	as long as short
Lighter AMD	+0.0032%	1h	621.80	−0.079%	$556K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.86	−0.069%	$852K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.699%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.25	−0.006%	$144K	$263K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AMDUSDT	+0.0043%	8h	622.24	−0.008%	$10.3M	$17.1M	20x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	621.79	−0.080%	$24.3M	$94.1M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	622.06	−0.037%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	622.12	−0.027%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.64	−0.104%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0058%	1h	623.84	+0.249%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.38	+0.014%	$2.1M	$11.6M	10x	as long as short
Nado AMD-PERP	+0.0095%	1h	622.12	−0.027%	$269K	$223K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.99	−0.048%	$1.9M	$282K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.80	−0.079%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.23	−0.010%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	622.02	−0.043%	$310K	$1.8M	10x	as long as short
Phoenix AMD	+0.0206%	1h	621.90	−0.063%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0256%	1h	622.52	+0.037%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0269%	8h	622.07	−0.035%	$6.9M	$28.0M	25x	as long as short
Aster AMDUSDT	+0.0330%	8h	622.23	−0.009%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0501%	8h	622.21	−0.013%	$18K	$143K	10x	as long as short
Variational Omni AMD	+0.0640%	8h	622.35	+0.010%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0696%	1h	622.14	−0.024%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0698%	8h	622.08	−0.033%	$74.1M	$193.0M	25x	as long as short
BloFin AMD-USDTlong	+0.0733%	8h	622.29	long leg	$7K	$550K	20x