Holding the AMD Perpetual Long Term vs Shares: What It Costs

A share you buy and pay for in full can sit in your account for twenty years without costing you another cent. The price goes up and down, but nobody charges you rent for holding it, and nothing forces you to sell on a bad day.

A contract that tracks a share works differently. It has to stay close to the share price without ever expiring, so the market uses a small payment between traders on each side to pull it back into line. Each payment looks tiny, yet it falls on the whole value of your position and repeats three times a day, so over a year it can add up to a real share of the money you put in.

Perpetual futures on US stocks now trade on crypto exchanges, and they raise a plain question for anyone who likes a company for the long run. Is holding the contract for months or years a sensible stand-in for owning the shares, and what does it really cost?

On BloFin that question is about one product, because the AMDUSDT Perpetual is the only AMD market on the exchange. It is a USDT-settled contract that follows AMD's share price, and what the AMD perpetual gives you is price exposure with its own running cost and its own risks.

What does it cost to hold the AMD perpetual for a year?

The AMD perpetual never expires, so you can hold it for years, and each year costs whatever funding it charges. In the 90 days to October 5, 2026, settled rates came to about 0.8% of a long position's value, or 3.1% a year, and about 11.2% a year since the May 2026 listing (source: BloFin, AMDUSDT funding history).

Funding is a payment between the traders holding long and short positions, settled every eight hours at 12AM, 8AM and 4PM UTC. BloFin works it out as the position's full value times the rate. When the rate is positive the long pays the short, and when it is negative the short pays the long (source: BloFin, futures funding rates). The rate itself comes from how far the contract trades from its price index, the gap behind the AMD perpetual's funding rate.

From BloFin's own settlement record for AMDUSDT, the contract's funding since listing tells two different stories. The early weeks after the May 6 listing carried large positive rates, while the three months to early October were much calmer and often negative (source: BloFin, AMDUSDT funding history).

The largest single rate since listing was +0.4192%, settled at 4PM UTC on May 10, and the lowest was -0.1118%, at 8AM UTC on June 6 (source: BloFin, AMDUSDT funding history). So the yearly pace you pay depends heavily on which months you happen to hold. On BloFin, every AMDUSDT settlement is posted to that funding history, so you can work out the pace for any window you like the same way.

BloFin's funding formula gives a third yardstick. It has an interest component set at 0.03% a day, and when the contract trades right on its index, the formula leaves that interest component as the whole rate (source: BloFin, futures funding rates). Held for a year, 0.03% a day works out to 10.95% of the position's value. AMDUSDT has not settled at that level since May. Of its 379 settlements from June 1 to October 5, 2026, none came to the 0.01% a settlement that the interest component alone would give, and the median was +0.0008% (source: BloFin, AMDUSDT funding history). Treat 10.95% as the general formula's yardstick, not as AMDUSDT's usual cost. BloFin's help page gives that formula for its perpetual contracts in general, not for AMDUSDT alone, so it also describes how crypto funding rates are set on BloFin.

Yearly funding as a share of your margin at 1x, 5x and 20x

Funding is charged on the position's full value, so leverage multiplies it against the money you actually put up. A year of funding at the 90-day pace of about 3.1% of position value takes about 3.1% of your margin at 1x, about 15.6% at 5x and about 62% at 20x.

Margin is the money you set aside to back a position, and leverage is how many times larger the position is than that margin. The contract offers leverage from 1x up to 20x (source: BloFin, AMDUSDT contract information). At 1x your margin equals the full position value, and at 20x it is one twentieth of it.

Say you want $10,000 of AMD exposure. At AMD's $633.91 close on October 2, 2026, that is about 15.8 shares' worth (source: Yahoo Finance, AMD historical prices). Each AMDUSDT contract covers 0.01 AMD, so the same exposure is about 1,578 contracts (source: BloFin, AMDUSDT listing notice). At 1x you post $10,000 of margin, at 5x you post $2,000, and at 20x you post $500. Funding is charged on the same $10,000 in every case, so a year at the 90-day pace costs about $312 whichever leverage you pick. Measured against your margin, that one figure looks very different.

BloFin sets an upper and a lower limit on each contract's funding rate to control risk (source: BloFin, futures funding rates). On AMDUSDT those limits are +3% and -3% a settlement. Under those limits, 9% a day is the most a long could pay, a ceiling far above anything AMDUSDT has settled so far.

Each of those costs works in reverse when the rate turns negative. A long position then receives funding, and 116 of the 270 settlements in the 90-day window paid longs. The funding rate for the next settlement, and the countdown to it, are live on the AMDUSDT Perpetual page.

AMD perpetual vs a margin loan and an ETF: Holding costs compared

A share paid for in full costs nothing to hold, while the AMD perpetual charges or pays funding on its full value even at 1x. Against a 2x margin loan on shares, funding at the 90-day pace falls inside the range of loan interest, and at the formula's interest component it would cost more than the dearest loan.

A margin loan is money a broker lends you to buy shares, using the shares as collateral. Under the Federal Reserve's Regulation T, you can borrow up to 50% of the purchase price, so shares bought on margin start at 2x at most. Rates on the loan vary a great deal from one firm to the next (source: SEC, Investor Bulletin: Understanding Margin Accounts). A comparison of margin rates at 10 US brokers, updated on September 19, 2026, put rates on the smallest loans at 5.12% to 12.45% a year, with one teaser rate of 4.24%. Six of the 10 charged more than 10% (source: Investing in the Web, US margin rates).

The key difference is what each cost is charged on. Interest on a margin loan falls only on the half you borrowed, while funding falls on the whole position. Here is the same $10,000 of AMD exposure held for a year in five ways.

An expense ratio is the yearly fee a fund takes from its assets. SMH charges 0.35%, and AMD makes up 5.57% of the fund (source: Stock Analysis, SMH overview). A fund like that is cheap to hold, but it tracks 25 of the largest US-listed chip companies, so most of your money follows the other 24 (source: Stock Analysis, SMH overview). For a reader weighing the two directly, AMD ETF exposure versus the AMD perpetual compares the fund route with the contract.

For a long hold, the order is clear. A share paid in full costs least, and a margin loan costs about the same as the perpetual at the recent 90-day pace. The perpetual costs most when funding runs near the formula's interest component or above it, as it did in the weeks after listing.

Dividends and votes on a long AMD perpetual position

A long AMD perpetual position gives up nothing in dividends today, because AMD pays none, but it carries no vote either. A shareholder has a vote and would receive any future dividend, while the perpetual pays out only its price movement, in USDT.

AMD says it does not pay a cash dividend and has no plans to offer one at this time. It returns cash to its owners by buying back shares (source: AMD investor relations FAQ). Today, the perpetual holder and the shareholder collect the same cash from AMD, which is none. That could change if AMD ever started paying, and then only the shareholder would be paid.

The contract itself carries no ownership, because BloFin's stock futures are not a security. They give you no right to dividends, interest, votes or other shareholder rights, and none to rights offerings such as share splits, spin-offs and subscription rights (source: BloFin, stock futures notice).

Say you hold about 1,600 contracts, roughly the price exposure of 16 shares, and AMD later starts paying a dividend. A shareholder with 16 shares would collect it on every payment date, while your position would receive nothing on those dates. A holder who cares about either the vote or a future dividend needs the shares.

Corporate actions are handled by notice. For stock splits, reverse splits, mergers and spinoffs that could move AMD's price, BloFin says it will publish a separate market notice explaining how each is handled (source: BloFin, AMDUSDT listing notice). A holder who keeps a position for years should expect to read a few of those notices along the way, because each one says how the contract is treated at that event.

Liquidation and delisting risk over a long hold

A share paid for in full can fall a long way, but nobody closes it for you. A perpetual position can be liquidated, and a long hold adds a quieter risk. Every funding payment comes out of your margin and moves the liquidation price closer, even while AMD's price stands still.

Liquidation is when BloFin takes over a position because its margin, after any profit or loss, has fallen to the maintenance margin plus the fee for closing it. Maintenance margin is the least margin that keeps a position open, and on AMDUSDT it is 2.5% of position value for positions up to 200 AMD (source: BloFin, AMDUSDT position tiers). BloFin triggers liquidation when the mark price reaches the liquidation price, and it may cut the position in part or close it in full (source: BloFin, liquidation rules).

In isolated margin, where each position has its own margin, the same rules list funding among the things that move the estimated liquidation price (source: BloFin, liquidation rules). Worked out from BloFin's liquidation formula, and leaving out the closing fee, a 5x long starts with room for a fall of about 18%. After a year of funding at the 90-day pace, that room shrinks to about 15%. At 20x, with AMD's price flat, funding at the 90-day pace would eat enough margin to close the position in under ten months, and at the formula's interest component in under three.

Falls of that size do happen. AMD closed at $552.33 on July 22, 2026 and at $429.56 on July 29, a drop of about 22% in five sessions (source: Stock Analysis, AMD price history). That is more than the roughly 18% of room a 5x long starts with, while shares paid in full would simply have been worth less. July's slide is one of several sharp falls in AMD's stock price history.

A perpetual can also end if the exchange delists it, as BloFin did with its perpetual contract on the BTW token on September 15, 2026 (source: BloFin, BTW perpetual delisting notice). AMD shares keep trading on Nasdaq whatever a single crypto exchange decides.

Who should own AMD shares instead of the perpetual

Most people who want to own AMD for years are better served by shares. The perpetual can fit a crypto holder with no brokerage account who keeps leverage near 1x and checks funding often. It suits a hold of months, taken on with the running cost and the ways a position can end early in mind.

The dividing line is how much attention you can give the position. A share bought with cash can be ignored through a bad year. A perpetual has to be watched, because funding changes every eight hours and liquidation depends on your margin. Here is how common situations line up.

For that last case, shorting AMD on BloFin works the other way round on funding: a short receives when the rate is positive and pays when it is negative. If you would rather own the company, AMD stock itself trades on Nasdaq under the ticker AMD.

Leverage is the choice that decides most outcomes on a long hold. A position at 1x behaves much like owning the price, minus the funding, while the same idea at 10x or 20x becomes a short-term trade whether you meant it to be or not. Sizing an AMD position, meaning how much of your balance to put behind it, comes before any choice of leverage.

How to hold the AMDUSDT Perpetual for months on BloFin

Holding the AMDUSDT Perpetual for months works best at low leverage and in isolated margin. Keep spare margin set aside for funding, and check the rate often. These steps keep the running cost in view and give the position room to ride out both funding payments and a fall like July's.

• Choose isolated margin, so the position's margin is separate from the rest of your account, and pick leverage at or near 1x when you open a leveraged AMD position.

• Work out a year of funding on your position value at a pace of 3% to 11%, and decide in advance how much margin you will add as payments come out.

• Check the AMDUSDT funding history every week or two, and compare the recent pace with what a margin loan would charge you.

• Read the margin requirements for the AMD perpetual before you size up, because the maintenance rate rises once a position passes 200 AMD.

• Watch for BloFin notices on AMD corporate actions and on any change to the contract.

• Plan any change for regular weekday trading hours. Outside them, and on weekends and market holidays, BloFin may accept only reduce-only orders, which can shrink or close a position but never open or enlarge one (source: BloFin, stock futures notice).

Say you hold $10,000 of AMD exposure at 2x, with $5,000 of margin. A year at the 90-day pace would take about $312 of that margin, and a year at the formula's interest component about $1,095, so keeping another $1,100 ready to add covers the dearer case. Those reduce-only windows matter for a long hold because you may be able to cut a position overnight but have to wait for regular hours to enlarge it. In US daylight saving time, regular hours run from 1.30PM to 8PM UTC on weekdays, and in standard time from 2.30PM to 9PM UTC (source: BloFin, stock futures notice). So the reduce-only windows on the AMD perpetual move by an hour twice a year.

Looking to trade the AMDUSDT Perpetual for the long run? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and go to the AMDUSDT Perpetual trading page.

Frequently asked questions

How much funding does $1,000 in the AMD perpetual pay in a year?

On $1,000 of position value, a year at the 90-day pace measured to early October 2026 comes to about $31, and a year at the pace since the May 2026 listing to about $112. BloFin's general funding formula, with its interest component of 0.03% a day, would imply about $110 a year (source: BloFin, futures funding rates). AMDUSDT's own rates have settled close to zero on most days since June (source: BloFin, AMDUSDT funding history). Single settlements can be much larger: the +0.4192% rate settled at 4PM UTC on May 10, 2026 cost a long about $4.19 per $1,000 in one payment (source: BloFin, AMDUSDT funding history).

Can a long AMD perpetual position earn funding?

A long position earns funding whenever the rate is negative, because shorts then pay longs (source: BloFin, futures funding rates). On AMDUSDT, 156 of the 455 settlements from the May 6, 2026 listing to early October were negative. The seven settlements from 4PM UTC on July 30 to 4PM UTC on August 1, 2026 were all negative and together paid a long about 0.12% of its value, roughly $1.25 per $1,000 (source: BloFin, AMDUSDT funding history).

What happens to a perpetual position when BloFin delists the contract?

When BloFin delisted its perpetual contract on the BTW token on September 15, 2026, users could no longer open new positions once the notice went up. Orders that only reduced a position were still accepted. BloFin said it would cancel all open orders and settle every remaining position itself between 11AM and 11.30AM UTC that day (source: BloFin, BTW perpetual delisting notice). It advised holders to close their positions before then, which is the only way to choose your own exit price.

Can you turn an AMD perpetual position into AMD shares?

Switching from the contract to the shares takes two separate steps, because BloFin's stock futures convey no ownership of the shares they track (source: BloFin, stock futures notice). First you close the position on BloFin, which pays out its profit or loss in USDT, and then you buy AMD shares through a brokerage account. BloFin accepts orders that close a position even in the reduce-only windows, so the first step is open around the clock, while the purchase follows the brokerage's own trading hours.

Can a 1x AMD perpetual long be liquidated over a long hold?

It can, because each funding payment you make comes out of the margin and lifts the liquidation price. Worked out from BloFin's liquidation formula without the closing fee, a 1x long in isolated margin starts with a liquidation price near zero. With AMD's price flat and no margin added, five years of funding would lift it to about 16% of the entry price at the 90-day pace, or about 56% at the formula's interest component (source: BloFin, liquidation rules). At the higher pace, a fall of about 44% would close the position, while fully paid shares can fall that far and stay yours.

Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include BloFin's AMDUSDT contract information, funding history and position tiers, its help center articles on funding rates and liquidation, its stock futures notice of April 21, 2026, its AMDUSDT listing notice and its delisting notice for the BTW perpetual. They also include AMD's investor relations FAQ, the SEC's investor bulletin on margin accounts, Investing in the Web's comparison of US margin rates, price history from Yahoo Finance, and price and fund data from Stock Analysis, current as of October 5, 2026.

Nothing in this article constitutes financial advice, and nothing in it is a recommendation to buy, sell or hold AMD in any form. Funding on the AMDUSDT Perpetual is charged or paid every eight hours on the full position value, so over months it can take a large share of your margin. Past funding rates do not set future ones. Each payment you make in isolated margin moves the liquidation price closer, and a leveraged position can be cut or closed before AMD recovers from a fall. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.