Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.062%

Price spread now: Deribit against HTX−0.060%7-day average −0.036% · 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−$40as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.140%+$14 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.060%, 7d avg −0.036%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.024% cheaper against HTX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.036%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 5 days (+0.140% in total) that is about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.140% in total (about 10.8% 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	HTX AMD-USDT	621.19	0	get 0.0000% / 8h	5h 55m	$122K	$595K	20x
Short	Deribit AMD_USDC-PERPETUAL	620.82	0.0314	get 0.0039% / 1h	55m 11s	$77K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now −0.060%Rate

Funding earned: $65.96
Price spread: −0.060% → −0.036%: −$2.36
Slippage, 4 orders: −$18.86
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $25.74
Costs to cover: 0.379%
Break-even: 4.3 days

Slippage from HTX: live order book, 8 min ago; Deribit: live order book, 8 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 HTX live order book, 8 min ago	2.42 bp	9.9 bp −$10	20.9 bp −$209	doesn't fit	doesn't fit
Sell Deribit live order book, 8 min ago	4.27 bp	11.5 bp −$11	14.2 bp −$142	doesn't fit	doesn't fit

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	−0.0647%	4h	621.12	−0.012%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.27	+0.013%	$1K	$8.3M	10x	as long as short
HTX AMD-USDTlong	0.0000%	8h	621.19	long leg	$122K	$595K	20x
Phemex AMDUSDT	0.0000%	8h	620.82	−0.060%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0017%	8h	621.38	+0.031%	$4.5M	$13.2M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.82	−0.060%	$852K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.524%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.97	−0.035%	$144K	$263K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.06	−0.182%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0057%	1h	622.18	+0.159%	—	$923K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	621.29	+0.016%	$2.1M	$12.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.54	−0.105%	$1.9M	$285K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.25	+0.010%	$372	$6K	10x	as long as short
Polymarket Perps AMD-USD	+0.0133%	1h	620.86	−0.053%	$398K	$1.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.72	−0.237%	$305K	$1.8M	10x	as long as short
Bitget AMDUSDT	+0.0178%	8h	621.33	+0.023%	$10.3M	$17.1M	20x	as long as short
tradeXYZ xyz:AMD	+0.0210%	1h	620.70	−0.079%	$25.1M	$93.6M	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.80	−0.063%	$2K	$90K	10x	as long as short
Lighter AMD	+0.0272%	1h	620.98	−0.034%	$549K	$2.4M	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.52	+0.053%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0292%	8h	620.94	−0.040%	$6.9M	$27.9M	25x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0314%	1h	620.82	−0.060%	$77K	$151K	10x
Nado AMD-PERP	+0.0373%	1h	620.56	−0.101%	$268K	$210K	10x	as long as short
SoDEX AMD-USD	+0.0374%	1h	620.95	−0.039%	$25K	$24K	10x	as long as short
Aster AMDUSDT	+0.0409%	8h	621.10	−0.014%	$72K	$412K	50x	as long as short
ApeX Omni AMDUSDT	+0.0572%	1h	621.27	+0.013%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0723%	8h	621.10	−0.014%	$2.6M	$3.3M	—	as long as short
GRVT AMD_USDT_Perp	+0.0767%	8h	621.20	+0.002%	$18K	$134K	10x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	621.17	−0.004%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0786%	8h	621.27	+0.013%	$75.5M	$190.0M	25x	as long as short