Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0354%/8h= −38.7% APRpaid last 24h −0.057%

Price spread now: Deribit against BloFin−0.069%7-day average −0.049% · 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−$38as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.069%, 7d avg −0.049%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.050% in total (about -3.7% 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	BloFin AMD-USDT	611.91	0.0354	pay 0.0354% / 8h	1h 44m	$6K	$549K	20x
Short	Deribit AMD_USDC-PERPETUAL	611.49	0	get 0.0000% / 1h	44m 59s	$76K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$74.3
Price spread: −0.069% → −0.049%: −$1.97
Slippage, 4 orders: −$17.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$112.34
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from BloFin: live order book, 41 min ago; Deribit: live order book, 63 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 BloFin live order book, 41 min ago	0.41 bp	9.0 bp −$9	14.3 bp −$143	doesn't fit	doesn't fit
Sell Deribit live order book, 63 min ago	3.49 bp	11.1 bp −$11	13.7 bp −$137	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
Bitget AMDUSDT	−0.0345%	8h	612.15	+0.039%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDC	−0.0199%	4h	611.82	−0.015%	$72K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	611.91	−0.001%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	611.91	0.000%	$4.4M	$14.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	611.78	−0.021%	$2K	$8.1M	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	0.0000%	1h	611.49	−0.069%	$76K	$151K	10x
HTX AMD-USDT	0.0000%	8h	612.10	+0.031%	$103K	$642K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.07	+0.026%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	611.57	−0.056%	$521K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	611.49	−0.069%	$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	611.71	−0.033%	$135K	$276K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	612.38	+0.077%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.37	−0.088%	$22.8M	$95.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	611.39	−0.085%	$394K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	611.79	−0.020%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	611.24	−0.109%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	611.57	−0.056%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	551.80	−9.823%	$2K	$59K	12x	as long as short
Nado AMD-PERP	+0.0078%	1h	611.24	−0.109%	$254K	$241K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0098%	8h	611.62	−0.047%	$6.6M	$29.1M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	611.60	−0.051%	$1.9M	$291K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	611.73	−0.029%	$78K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	611.68	−0.038%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	611.26	−0.106%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	611.68	−0.038%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0155%	8h	611.84	−0.011%	$20K	$174K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	612.02	+0.018%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0234%	8h	611.83	−0.013%	$2.4M	$3.4M	—	as long as short
Extended AMD_24_5-USD	+0.0320%	1h	611.78	−0.022%	$457K	$3.1M	10x	as long as short
Binance AMDUSDT	+0.0324%	8h	611.86	−0.008%	$71.9M	$203.6M	25x	as long as short
BloFin AMD-USDTlong	+0.0354%	8h	611.91	long leg	$6K	$549K	20x