Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h −0.064%

Price spread now: Polymarket Perps against Bitget−0.122%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Bitget Short on Polymarket Perps

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−0.057%−$6 · spread now −0.122%, 7d avg −0.098%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of −0.098%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

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	Bitget AMDUSDT	612.51	−0.0436	get 0.0436% / 8h	1h 30m	$10.3M	$17.4M	20x
Short	Polymarket Perps AMD-USD	611.76	0.0050	get 0.0006% / 1h	30m 59s	$394K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.122%Rate

Funding earned: $102.06
Price spread: −0.122% → −0.098%: −$2.42
Slippage, 4 orders: −$23.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $56.26
Costs to cover: 0.434%
Break-even: 3.1 days

Slippage from Bitget: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 Bitget live order book, 3 min ago	1.31 bp	15.1 bp −$15	19.6 bp −$196	38.5 bp −$3,851	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.25 bp	5.4 bp −$5	5.5 bp −$55	9.6 bp −$958	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	−0.0742%	4h	611.91	−0.098%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDTlong	−0.0436%	8h	612.51	long leg	$10.3M	$17.4M	20x
Aster AMDUSDT	0.0000%	8h	611.98	−0.086%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	612.30	−0.034%	$4.4M	$14.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	612.25	−0.042%	$1K	$8.1M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	611.71	−0.131%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	612.09	−0.069%	$103K	$640K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.40	−0.018%	$1.7M	$463K	10x	as long as short
Lighter AMD	+0.0032%	1h	611.81	−0.114%	$520K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	611.73	−0.127%	$812K	$4.7M	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	611.62	−0.145%	$135K	$276K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	612.40	−0.018%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.51	−0.163%	$22.7M	$95.3M	10x	as long as short
Polymarket Perps AMD-USDshort	+0.0050%	1h	611.76	−0.122%	$394K	$1.6M	10x
SoDEX AMD-USD	+0.0050%	1h	612.10	−0.067%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	611.04	−0.240%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	611.84	−0.109%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	549.96	−10.212%	$2K	$59K	12x	as long as short
Nado AMD-PERP	+0.0071%	1h	611.48	−0.169%	$254K	$241K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0082%	8h	612.17	−0.056%	$6.6M	$29.1M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	611.73	−0.127%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	611.96	−0.090%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.03	−0.078%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	611.88	−0.103%	$315K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0143%	8h	611.99	−0.085%	$19K	$175K	10x	as long as short
Phoenix AMD	+0.0143%	1h	611.86	−0.106%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	612.17	−0.055%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0216%	8h	611.47	−0.169%	$2.3M	$3.5M	—	as long as short
BloFin AMD-USDT	+0.0289%	8h	612.25	−0.042%	$6K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0296%	1h	611.95	−0.091%	$458K	$3.1M	10x	as long as short
Binance AMDUSDT	+0.0298%	8h	612.08	−0.071%	$71.8M	$203.9M	25x	as long as short