Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1164%/8h= −127.4% APRpaid last 24h −0.082%

Price spread now: edgeX against Deribit+0.087%75s7-day average +0.040% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.555% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.087%, 7d avg +0.040%

Together, before fees−0.179%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.046% dearer against Deribit than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.040%): +$5 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 5 days (−0.210% in total) that is about 24 hours. The two prices were read 75 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 -0.210% in total (about -16.7% 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	Deribit AMD_USDC-PERPETUAL	616.46	0.0708	pay 0.0088% / 1h	48m 07s	$77K	$163K	10x
Short	edgeX AMDUSDC	617.00	−0.0456	pay 0.0228% / 4h	1h 48m	$81K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$244.42
Price spread: +0.087% → +0.040%: $4.64
Slippage, 4 orders: −$39.51
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$295.29
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Deribit: live order book, 35 min ago; edgeX: live order book, 1 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 Deribit live order book, 35 min ago	6.01 bp	9.5 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	10.06 bp	15.6 bp −$16	36.2 bp −$362	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 AMDUSDCshort	−0.0456%	4h	617.00	+0.087%	$81K	$1.6M	10x
Gate AMD_USDT	0.0000%	8h	616.59	+0.021%	$4.3M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	616.72	+0.042%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.38	−0.013%	$127K	$578K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.64	+0.029%	$1.7M	$460K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0005%	8h	616.48	+0.003%	$6.8M	$28.5M	25x	as long as short
Lighter RH AMD	+0.0032%	1h	616.27	−0.031%	$825K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.769%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.32	+0.140%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.36	−0.016%	$406K	$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
Ondo Perps AMD-USD.P	+0.0050%	1h	615.97	−0.079%	$1.4M	$4.8M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	616.41	−0.008%	$310K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	616.94	+0.078%	$2.3M	$13.2M	10x	as long as short
Aster AMDUSDT	+0.0085%	8h	616.87	+0.066%	$71K	$414K	50x	as long as short
tradeXYZ xyz:AMD	+0.0090%	1h	616.07	−0.063%	$24.9M	$95.7M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.22	−0.039%	$1.9M	$323K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	616.89	+0.070%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.55	+0.015%	$376	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	616.50	+0.006%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	616.88	+0.067%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0202%	1h	616.55	+0.015%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0216%	1h	616.39	−0.011%	$538K	$2.6M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0360%	8h	616.98	+0.085%	$18K	$140K	10x	as long as short
Variational Omni AMD	+0.0374%	8h	617.01	+0.090%	$2.7M	$3.1M	—	as long as short
BloFin AMD-USDT	+0.0407%	8h	617.04	+0.094%	$6K	$541K	20x	as long as short
Extended AMD_24_5-USD	+0.0432%	1h	616.65	+0.030%	$456K	$1.5M	10x	as long as short
Nado AMD-PERP	+0.0433%	1h	616.00	−0.075%	$314K	$166K	10x	as long as short
Binance AMDUSDT	+0.0434%	8h	616.74	+0.045%	$74.9M	$192.9M	25x	as long as short
Bitget AMDUSDT	+0.0481%	8h	616.61	+0.024%	$10.1M	$18.2M	20x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0708%	1h	616.46	long leg	$77K	$163K	10x
Arcus AMD-USD	+0.0780%	1h	616.71	+0.041%	$142K	$282K	10x	as long as short