Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h +0.065%

Price spread now: Bitget against Polymarket Perps+0.121%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days+0.081%+$8 · spread now +0.121%, 7d avg +0.099%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.099%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.5% 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	Polymarket Perps AMD-USD	612.80	0.0050	pay 0.0006% / 1h	21m 33s	$395K	$1.6M	10x
Short	Bitget AMDUSDT	613.54	−0.0273	pay 0.0273% / 8h	21m 33s	$10.4M	$17.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$67.83
Price spread: +0.121% → +0.099%: $2.21
Slippage, 4 orders: −$23.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.22
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	2.78 bp	7.4 bp −$7	7.8 bp −$78	9.2 bp −$923	doesn't fit
Sell Bitget live order book, 2 min ago	1.30 bp	15.4 bp −$15	25.3 bp −$253	47.9 bp −$4,791	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	−0.0884%	4h	612.34	−0.076%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDTshort	−0.0273%	8h	613.54	+0.121%	$10.4M	$17.5M	20x
Injective AMD/USDC PERP	−0.0220%	1h	552.18	−9.892%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	612.71	−0.014%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.36	+0.091%	$4.5M	$14.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	612.93	+0.021%	$1K	$8.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	612.73	−0.011%	$100K	$635K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.23	−0.093%	$1.7M	$465K	10x	as long as short
Lighter AMD	+0.0032%	1h	612.89	+0.015%	$523K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	612.81	+0.002%	$797K	$4.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	612.72	−0.013%	$129K	$285K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	613.73	+0.152%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.64	−0.026%	$22.0M	$96.1M	10x	as long as short
Polymarket Perps AMD-USDlong	+0.0050%	1h	612.80	long leg	$395K	$1.6M	10x
SoDEX AMD-USD	+0.0050%	1h	612.70	−0.016%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.64	−0.026%	$1.4M	$5.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0061%	8h	613.31	+0.083%	$6.6M	$29.5M	25x	as long as short
QFEX AMD-USD	+0.0069%	1h	613.03	+0.038%	$2.0M	$11.5M	10x	as long as short
Nado AMD-PERP	+0.0096%	1h	612.60	−0.032%	$255K	$241K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.67	−0.021%	$1.9M	$303K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.33	−0.077%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.44	−0.059%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	612.53	−0.044%	$312K	$1.9M	10x	as long as short
Aevo AMD-PERP	+0.0144%	1h	612.88	+0.013%	$11K	—	10x	as long as short
Phoenix AMD	+0.0157%	1h	612.30	−0.082%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0165%	8h	612.72	−0.012%	$19K	$179K	10x	as long as short
Variational Omni AMD	+0.0166%	8h	612.55	−0.041%	$2.0M	$3.8M	—	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0207%	1h	612.56	−0.039%	$76K	$151K	10x	as long as short
Extended AMD_24_5-USD	+0.0248%	1h	613.06	+0.042%	$461K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0250%	8h	613.27	+0.076%	$72.0M	$204.8M	25x	as long as short
BloFin AMD-USDT	+0.0268%	8h	612.66	−0.023%	$6K	$554K	20x	as long as short