Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0630%/8h= +69.0% APRpaid last 24h +0.052%

Price spread now: Bitget against Coinbase International−0.050%7-day average +0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.050%, 7d avg +0.129%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.179% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.129%). If the spread goes back, that is −$18 on $10k: about 23 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.044% in total) that is about 29 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% 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	Coinbase International AMD-PERP-INTX	623.04	0.0112	pay 0.0014% / 1h	36m 18s	$312K	$1.8M	10x
Short	Bitget AMDUSDT	622.73	0.0742	get 0.0742% / 8h	7h 36m	$10.3M	$17.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.050%Rate

Funding earned: $132.3
Price spread: −0.050% → +0.129%: −$17.92
Slippage, 4 orders: −$22.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $70.06
Costs to cover: 0.443%
Break-even: 3.3 days

Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 2 min ago	4.10 bp	10.9 bp −$11	14.2 bp −$142	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.04 bp	12.4 bp −$12	19.0 bp −$190	45.4 bp −$4,538	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	−0.0150%	4h	622.79	−0.040%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.81	−0.037%	$2K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.94	−0.177%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.09	−0.152%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.817%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0050%	1h	623.54	+0.080%	—	$926K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.53	−0.242%	$1.5M	$4.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.72	−0.051%	$2.3M	$13.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.28	−0.122%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.59	−0.072%	$372	$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-INTXlong	+0.0112%	1h	623.04	long leg	$312K	$1.8M	10x
Lighter AMD	+0.0160%	1h	622.22	−0.132%	$539K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	622.87	−0.027%	$2K	$92K	10x	as long as short
Gate AMD_USDT	+0.0237%	8h	622.62	−0.067%	$4.5M	$13.4M	50x	as long as short
OKX AMD-USDT-SWAP	+0.0237%	8h	622.42	−0.100%	$6.9M	$28.3M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.81	−0.036%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0303%	8h	621.60	−0.231%	$72K	$416K	50x	as long as short
SoDEX AMD-USD	+0.0323%	1h	622.39	−0.104%	$26K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0379%	1h	622.00	−0.167%	$25.1M	$93.2M	10x	as long as short
Polymarket Perps AMD-USD	+0.0382%	1h	622.25	−0.127%	$397K	$1.5M	10x	as long as short
Nado AMD-PERP	+0.0429%	1h	621.85	−0.191%	$319K	$171K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0474%	1h	622.09	−0.152%	$77K	$151K	10x	as long as short
ApeX Omni AMDUSDT	+0.0491%	1h	621.44	−0.257%	$80K	$258K	50x	as long as short
HTX AMD-USDT	+0.0606%	8h	622.37	−0.108%	$132K	$579K	20x	as long as short
Variational Omni AMD	+0.0614%	8h	622.46	−0.093%	$2.6M	$3.2M	—	as long as short
Binance AMDUSDT	+0.0654%	8h	622.68	−0.058%	$75.9M	$191.4M	25x	as long as short
Extended AMD_24_5-USD	+0.0656%	1h	622.45	−0.095%	$467K	$2.3M	10x	as long as short
BloFin AMD-USDT	+0.0680%	8h	623.30	+0.042%	$6K	$551K	20x	as long as short
Bitget AMDUSDTshort	+0.0742%	8h	622.73	−0.050%	$10.3M	$17.6M	20x
Arcus AMD-USD	+0.0782%	1h	622.88	−0.026%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1587%	8h	622.87	−0.027%	$18K	$131K	10x	as long as short