Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.047%

Price spread now: Deribit against Gate−0.069%7-day average −0.027% · 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−$60as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now −0.069%, 7d avg −0.027%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.027%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day). At the pace of the last 5 days (+0.163% in total) that is about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.163% in total (about 11.8% 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	Gate AMD_USDT	610.40	0	get 0.0000% / 8h	7h 00m	$4.7M	$15.6M	50x
Short	Deribit AMD_USDC-PERPETUAL	609.98	0.0324	get 0.0041% / 1h	0m 41s	$76K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $68.07
Price spread: −0.069% → −0.027%: −$4.14
Slippage, 4 orders: −$33.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $7.93
Costs to cover: 0.560%
Break-even: 6.2 days

Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 33 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 Gate live order book, 3 min ago	1.56 bp	20.9 bp −$21	159.6 bp −$1,596	doesn't fit	doesn't fit
Sell Deribit live order book, 33 min ago	5.86 bp	9.4 bp −$9	10.9 bp −$109	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	−0.0669%	4h	610.33	−0.011%	$73K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.710%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	609.77	−0.103%	$68K	$416K	50x	as long as short
Gate AMD_USDTlong	0.0000%	8h	610.40	long leg	$4.7M	$15.6M	50x
Bitget AMDUSDT	0.0000%	8h	610.24	−0.026%	$10.2M	$16.7M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	610.67	+0.044%	$1K	$7.6M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	610.47	+0.011%	$94K	$657K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	610.19	−0.034%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	609.94	−0.075%	$804K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	609.97	−0.070%	$122K	$280K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0046%	1h	610.63	+0.038%	—	$924K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	610.06	−0.056%	$393K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	609.86	−0.088%	$1.4M	$5.4M	10x	as long as short
Lighter AMD	+0.0056%	1h	610.00	−0.066%	$521K	$2.6M	10x	as long as short
tradeXYZ xyz:AMD	+0.0073%	1h	609.50	−0.147%	$21.1M	$97.3M	10x	as long as short
QFEX AMD-USD	+0.0076%	1h	610.05	−0.057%	$2.0M	$11.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0093%	8h	610.17	−0.038%	$6.7M	$29.9M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	609.70	−0.115%	$1.8M	$376K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	609.97	−0.070%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	610.18	−0.036%	$365	$6K	10x	as long as short
Nado AMD-PERP	+0.0102%	1h	609.76	−0.105%	$250K	$246K	10x	as long as short
Phoenix AMD	+0.0118%	1h	609.92	−0.079%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	610.36	−0.006%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0152%	1h	609.60	−0.131%	$306K	$1.9M	10x	as long as short
SoDEX AMD-USD	+0.0203%	1h	610.19	−0.034%	$25K	$20K	10x	as long as short
Variational Omni AMD	+0.0215%	8h	610.06	−0.056%	$2.0M	$3.8M	—	as long as short
Binance AMDUSDT	+0.0287%	8h	610.24	−0.026%	$72.1M	$205.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0288%	1h	610.05	−0.057%	$457K	$3.4M	10x	as long as short
BloFin AMD-USDT	+0.0306%	8h	610.35	−0.008%	$6K	$561K	20x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0324%	1h	609.98	−0.069%	$76K	$151K	10x
GRVT AMD_USDT_Perp	+0.0744%	8h	610.19	−0.035%	$20K	$191K	10x	as long as short