Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0543%/8h= −59.5% APRpaid last 24h +0.023%

Price spread now: Bitget against Deribit+0.158%48s7-day average +0.043% · you sell dearer than you buy

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−$500.504% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.158%, 7d avg +0.043%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.116% dearer against Deribit than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.043%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.020% in total (about 1.5% 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	Deribit AMD_USDC-PERPETUAL	613.46	0.0223	pay 0.0028% / 1h	12m 30s	$76K	$151K	10x
Short	Bitget AMDUSDT	614.43	−0.0320	pay 0.0320% / 8h	2h 12m	$10.3M	$17.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$114.02
Price spread: +0.158% → +0.043%: $11.56
Slippage, 4 orders: −$31.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$152.82
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Bitget: live order book, 1 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 Deribit live order book, 36 min ago	3.49 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.71 bp	14.6 bp −$15	32.0 bp −$320	69.7 bp −$6,975	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	−0.0674%	4h	612.80	−0.108%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDTshort	−0.0320%	8h	614.43	+0.158%	$10.3M	$17.3M	20x
Gate AMD_USDT	0.0000%	8h	614.29	+0.135%	$4.4M	$14.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.90	+0.072%	$2K	$8.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.84	+0.062%	$106K	$639K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.30	−0.026%	$1.7M	$462K	10x	as long as short
Aster AMDUSDT	+0.0027%	8h	613.92	+0.075%	$69K	$415K	50x	as long as short
Lighter AMD	+0.0032%	1h	613.81	+0.057%	$526K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	613.69	+0.037%	$815K	$4.7M	10x	as long as short
QFEX AMD-USD	+0.0032%	1h	614.10	+0.104%	$2.1M	$11.6M	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	613.31	−0.024%	$137K	$274K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.61	+0.187%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	613.69	+0.037%	$23.1M	$95.1M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.84	+0.062%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	613.01	−0.073%	$1.4M	$5.3M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	611.94	−0.248%	$317K	$1.9M	10x	as long as short
Nado AMD-PERP	+0.0092%	1h	613.53	+0.012%	$255K	$241K	10x	as long as short
SoDEX AMD-USD	+0.0097%	1h	613.76	+0.049%	$25K	$24K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	613.56	+0.016%	$1.9M	$295K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.94	−0.085%	$79K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.58	+0.020%	$367	$6K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0113%	8h	614.08	+0.101%	$6.6M	$29.0M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0151%	8h	612.89	−0.093%	$19K	$169K	10x	as long as short
Aevo AMD-PERP	+0.0168%	1h	614.02	+0.091%	$11K	—	10x	as long as short
Phoenix AMD	+0.0195%	1h	613.03	−0.070%	$2K	$90K	10x	as long as short
Injective AMD/USDC PERP	+0.0220%	1h	612.62	−0.137%	$2K	$59K	12x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0223%	1h	613.46	long leg	$76K	$151K	10x
Variational Omni AMD	+0.0273%	8h	612.77	−0.113%	$2.5M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0358%	8h	614.18	+0.117%	$72.2M	$203.1M	25x	as long as short
Extended AMD_24_5-USD	+0.0360%	1h	614.03	+0.093%	$457K	$3.1M	10x	as long as short
BloFin AMD-USDT	+0.0363%	8h	614.12	+0.108%	$6K	$547K	20x	as long as short