Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.061%

Price spread now: Bitget against QFEX−0.103%56s7-day average +0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.355% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.092%+$9 on $10k

Price spread, last 7 days+0.126%+$13 · spread now −0.103%, 7d avg +0.039%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.143% cheaper against QFEX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.039%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AMD-USD	618.76	0.0049	pay 0.0006% / 1h	26m 46s	$2.1M	$11.6M	10x
Short	Bitget AMDUSDT	618.12	0	get 0.0000% / 8h	3h 26m	$10.2M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$10.3
Price spread: −0.103% → +0.039%: −$14.25
Slippage, 4 orders: −$13.49
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.04
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 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 QFEX live order book, 7 min ago	2.18 bp	7.2 bp −$7	7.5 bp −$75	15.6 bp −$1,560	doesn't fit
Sell Bitget live order book, 2 min ago	1.21 bp	9.5 bp −$9	22.8 bp −$228	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	−0.0702%	4h	619.41	+0.106%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	618.32	−0.071%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDTshort	0.0000%	8h	618.12	−0.103%	$10.2M	$17.1M	20x
SunX AMD-USDT	0.0000%	8h	618.57	−0.031%	$1K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	618.23	−0.086%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	618.41	−0.057%	$117K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	618.62	−0.023%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	617.40	−0.220%	$830K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	619.05	+0.047%	$2K	$57K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.01	+0.040%	$144K	$265K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AMD	+0.0048%	1h	617.67	−0.176%	$534K	$2.5M	10x	as long as short
QFEX AMD-USDlong	+0.0049%	1h	618.76	long leg	$2.1M	$11.6M	10x
Polymarket Perps AMD-USD	+0.0050%	1h	618.57	−0.031%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	618.50	−0.042%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	617.09	−0.270%	$1.3M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.07	+0.212%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	619.13	+0.060%	$314K	$1.8M	10x	as long as short
Nado AMD-PERP	+0.0094%	1h	618.58	−0.029%	$264K	$235K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	617.87	−0.144%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.34	+0.094%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	618.47	−0.047%	$370	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0121%	1h	617.48	−0.207%	$23.4M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	619.39	+0.102%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0167%	8h	618.37	−0.063%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0208%	8h	617.57	−0.192%	$6.8M	$28.1M	25x	as long as short
Aevo AMD-PERP	+0.0208%	1h	618.65	−0.017%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0244%	8h	619.42	+0.106%	$18K	$158K	10x	as long as short
Variational Omni AMD	+0.0452%	8h	619.69	+0.150%	$2.5M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0520%	8h	617.98	−0.126%	$72.5M	$196.2M	25x	as long as short
Extended AMD_24_5-USD	+0.0520%	1h	617.77	−0.160%	$461K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0523%	8h	618.67	−0.015%	$6K	$548K	20x	as long as short