Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0344%/8h= −37.7% APRpaid last 24h −0.114%

Price spread now: edgeX against OKX+0.048%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.048%, 7d avg 0.000%

Together, before fees−0.143%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.048% dearer against OKX than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.074% in total) that is about 4.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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	OKX AMD-USDT-SWAP	620.52	0.0223	pay 0.0223% / 8h	3h 44m	$6.9M	$28.1M	25x
Short	edgeX AMDUSDC	620.82	−0.0121	pay 0.0061% / 4h	3h 44m	$79K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$72.26
Price spread: +0.048% → 0.000%: $4.75
Slippage, 4 orders: −$18.76
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$105.26
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 4 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 OKX live order book, 4 min ago	1.21 bp	8.3 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	5.16 bp	10.7 bp −$11	31.3 bp −$313	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 AMDUSDCshort	−0.0121%	4h	620.82	+0.048%	$79K	$1.7M	10x
Gate AMD_USDT	0.0000%	8h	620.73	+0.034%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	620.72	+0.032%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	620.55	+0.005%	$2K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	620.13	−0.063%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.24	−0.045%	$118K	$622K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.71	+0.031%	$1.8M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.41	−0.018%	$849K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.418%	$5K	$55K	12x	as long as short
Lighter AMD	+0.0040%	1h	620.47	−0.008%	$549K	$2.5M	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	620.85	+0.053%	$144K	$265K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	620.46	−0.010%	$2.1M	$11.5M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.31	−0.034%	$397K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	620.52	0.000%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.37	−0.024%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0065%	1h	621.82	+0.210%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	619.19	−0.214%	$314K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.35	−0.027%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.73	+0.034%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.47	−0.008%	$371	$6K	10x	as long as short
Nado AMD-PERP	+0.0111%	1h	620.35	−0.027%	$267K	$232K	10x	as long as short
tradeXYZ xyz:AMD	+0.0141%	1h	620.34	−0.029%	$23.6M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	620.96	+0.071%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0204%	8h	620.84	+0.052%	$72K	$412K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.80	+0.045%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0223%	8h	620.52	long leg	$6.9M	$28.1M	25x
GRVT AMD_USDT_Perp	+0.0272%	8h	620.01	−0.082%	$17K	$153K	10x	as long as short
Variational Omni AMD	+0.0490%	8h	620.89	+0.059%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0537%	8h	620.62	+0.016%	$6K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.35	−0.028%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0555%	8h	620.50	−0.003%	$72.8M	$195.6M	25x	as long as short