Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0459%/8h= −50.3% APRpaid last 24h −0.109%

Price spread now: QFEX against BloFin+0.008%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−$26as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.008%, 7d avg −0.022%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.030% dearer against BloFin than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 3 days (−0.132% in total) that is about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.132% in total (about -14.2% 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	620.27	0.0539	pay 0.0539% / 8h	39m 49s	$6K	$545K	20x
Short	QFEX AMD-USD	620.32	0.0080	get 0.0010% / 1h	39m 49s	$2.3M	$13.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$96.38
Price spread: +0.008% → −0.022%: $3.03
Slippage, 4 orders: −$6.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$122.13
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; QFEX: 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 BloFin live order book, 36 min ago	0.08 bp	8.5 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.69 bp	6.7 bp −$7	7.8 bp −$78	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	−0.0624%	4h	620.62	+0.057%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.66	+0.063%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.43	+0.026%	$1K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.34	+0.011%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.51	+0.039%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.07	−0.032%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.378%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.24	+0.156%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.48	−0.127%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0055%	1h	620.09	−0.029%	$395K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USDshort	+0.0080%	1h	620.32	+0.008%	$2.3M	$13.4M	10x
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.103%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.20	−0.011%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.19	−0.013%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0122%	1h	619.97	−0.048%	$24.8M	$94.6M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0130%	8h	620.46	+0.031%	$6.8M	$28.6M	25x	as long as short
SoDEX AMD-USD	+0.0195%	1h	620.36	+0.015%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0207%	1h	620.31	+0.006%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.64	+0.060%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0222%	8h	620.55	+0.045%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0224%	1h	620.16	−0.018%	$525K	$2.5M	10x	as long as short
ApeX Omni AMDUSDT	+0.0296%	1h	619.99	−0.045%	$80K	$259K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0428%	1h	620.21	−0.010%	$77K	$163K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0495%	8h	620.56	+0.047%	$17K	$134K	10x	as long as short
Variational Omni AMD	+0.0504%	8h	620.10	−0.028%	$2.7M	$3.2M	—	as long as short
Nado AMD-PERP	+0.0523%	1h	619.84	−0.070%	$317K	$167K	10x	as long as short
BloFin AMD-USDTlong	+0.0539%	8h	620.27	long leg	$6K	$545K	20x
Bitget AMDUSDT	+0.0547%	8h	620.30	+0.005%	$10.1M	$18.1M	20x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.34	+0.012%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0552%	8h	620.46	+0.031%	$75.7M	$192.4M	25x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.32	+0.008%	$145K	$265K	10x	as long as short