AMD Perpetual Funding Rate Explained: Who Pays and Why

A futures contract with an end date has a built-in anchor. However far its price drifts from the asset it tracks, the two have to meet on the final day, because that is when the contract settles at the asset's price. Traders know this, so the gap between them tends to shrink as the end date gets closer.

Take the end date away and the anchor goes with it. A contract that never expires can drift above the asset when most traders want to buy it, or below when most want to sell, and nothing on a calendar pulls it back. Left alone, the price on the screen could stop telling you much about the asset at all.

Perpetual contracts handle this with a small payment between the traders on each side, made several times a day. When the contract trades above the asset, buyers pay sellers, and when it trades under the asset, sellers pay buyers. Each payment shows up in your balance, so a position you hold for days carries a running cost or credit that a share never has.

On BloFin, the perpetual on Advanced Micro Devices is the AMDUSDT Perpetual. AMD closed at a record $649.42 on October 6, 2026, after trading as high as $658.52 that day (source: Yahoo Finance, AMD price history). Through the run that led there, the payment on the perpetual changed sign many times, and knowing who paid whom, and why, is the core of reading the contract.

What is the AMD perpetual funding rate?

The AMD perpetual funding rate is the percentage that sets a payment between long and short positions on BloFin's AMDUSDT Perpetual, settled three times a day at 12AM, 8AM and 4PM UTC. When the rate is positive, longs pay shorts, and when it is negative, shorts pay longs, on each position's full value.

A perpetual is a futures contract with no expiry date, and the funding rate is what stands in for that missing date. In their study of perpetual futures, He, Manela, Ross and von Wachter note that a perpetual, unlike a future with a fixed end date, is not bound to meet the spot price. To keep the gap small, longs periodically pay shorts a rate in proportion to it (source: He et al., Fundamentals of Perpetual Futures). BloFin applies the same idea and says its funding mechanism pushes the contract's price toward the asset it tracks (source: BloFin, futures funding rates).

On AMDUSDT, funding settles every eight hours, counted from 12AM Hong Kong time, which is 4PM UTC (source: BloFin, AMDUSDT contract information). That puts the three settlements at 4PM, 12AM and 8AM UTC. Each payment equals the position's value multiplied by the rate, and a position closed before a settlement pays or receives nothing for it (source: BloFin, futures funding rates).

Say you hold a long position of 1 AMD, worth 649.42 USDT at the October 6 close. A rate of +0.0619%, which AMDUSDT settled at 12AM UTC on September 21, 2026, would take about 0.40 USDT from your balance and pass it to the short side (source: BloFin, AMDUSDT funding history). A rate of -0.0519%, settled at 8AM UTC on September 28, would do the reverse and pay you about 0.34 USDT (source: BloFin, AMDUSDT funding history). The AMD perpetual carries this payment in place of the end date a dated future would have.

Funding is the only regular payment an AMDUSDT position meets while it stays open. AMD itself pays no cash dividend at present (source: AMD investor relations FAQ). What that means for a holder is set out in AMD's dividend policy.

The rate for the next settlement, and the countdown to it, are live on the AMDUSDT Perpetual page.

Who pays AMD funding: Longs, shorts and the sign

Who pays AMD funding depends only on the sign of the rate and the side you hold. A positive rate means every long position pays and every short position receives. A negative rate means shorts pay and longs receive. The money passes between traders at each settlement, and BloFin does not keep it.

BloFin's help center says funding fees are exchanged between traders at the settlement time and are not charged by BloFin as a trading fee (source: BloFin Help Center, checking funding fees). The same page adds that a funding fee can be positive or negative for you depending on your side and the rate. In practice, each settlement moves money from one side of the market to the other.

The payment is worked out on the position's value, so leverage leaves its size unchanged. A 1 AMD long pays the same 0.40 USDT at +0.0619% whether you opened it at 2x or 20x. What leverage changes is how large that payment is next to the margin you put up, which is why the same rate can feel tiny on one account and heavy on another.

The side you hold also decides how a run of rates works for you. A long through a week of positive rates pays at each settlement, while a short in the same week is paid at each one. BloFin's funding history for the contract lists every settled rate, so you can check which side has been paying.

What a funding payment does to an isolated AMD position

In isolated margin, where each position has its own margin, every funding payment changes that margin. A payment you make takes USDT out of the position's margin and moves its estimated liquidation price closer to the market. A payment you receive adds USDT and moves the liquidation price further away.

BloFin lists the settlement of funding fees, paying or collecting, as one of the two things that change an isolated position's estimated liquidation price, the other being margin you add or remove (source: BloFin Help Center, Forced Liquidation Rules). The reason is the arithmetic of leverage and liquidation. Liquidation comes when the margin left, plus any profit or loss, falls to the level BloFin requires, so less margin means a smaller price move can get you there.

Say you open a 1 AMD long at 649.42 USDT with 20x leverage, the most the contract allows (source: BloFin, AMDUSDT contract information). The margin is about 32.47 USDT. One settlement at +0.0619% takes about 0.40 USDT, or about 1.2% of that margin. If eight settlements in a row charged the same rate, they would take about 3.22 USDT, close to a tenth of the margin, with no move in AMD's price at all.

The same arithmetic runs the other way when the rate is negative, and a long then gains a little margin at each settlement. Either way, the lever for a margin that funding is wearing down is the other item on BloFin's list: adding margin to the position. The AMD perpetual margin requirements set the margin a position needs to begin with. How large to make the position in the first place is the subject of sizing an AMD position.

How BloFin sets the AMD funding rate

BloFin sets the AMD funding rate from two parts. The first is a premium index, which measures how far the contract's buy and sell prices sit from the AMD price index. The second is a fixed interest component of 0.03% a day. The rate is then kept inside limits that BloFin sets for the contract.

BloFin publishes the formula on its funding page (source: BloFin, futures funding rates). Each premium reading compares the price you would get for a set amount on the bid side, called the impact bid price, and on the ask side, called the impact ask price, with the index. If the impact bid is above the index, buyers are paying more than the index and the reading is positive. If the impact ask is under the index, sellers are taking less and the reading is negative. If the index sits between the two, the reading is zero.

The readings are then averaged, with each later reading counting more than the one before it, so the most recent readings carry the most weight. BloFin adds the interest component, but only after limiting the gap between interest and premium to 0.05% either way. Read the way BloFin writes it, 0.03% a day is 0.01% for each of the three settlements, worked out here, and that gives these results (source: BloFin, futures funding rates).

Read literally, that formula leaves the rate at the interest component whenever the premium is small. AMDUSDT's settled rates do not follow that pattern: none of its settlements since June 1 has come to +0.0100%, and most sit much closer to zero. Of the 197 settlements from August 1, 2026 to 8AM UTC on October 5, 142 fell between -0.003% and +0.003% (source: BloFin, AMDUSDT funding history). The formula is BloFin's general method for its perpetual contracts, and the funding history is the guide to what AMDUSDT actually charges. The same mechanism on crypto contracts is covered in funding rates on crypto perpetuals.

The ±3% funding limits on AMDUSDT

The AMDUSDT funding rate has an upper limit of +3% and a lower limit of -3% for each settlement. These are separate from the 0.05% limit inside the formula. The formula's limit shapes the rate on an ordinary day, while the ±3% limits are the outer bounds no single settlement can pass.

BloFin says the upper and lower limits are set by the platform as part of its risk management (source: BloFin, futures funding rates). For AMDUSDT they stand at +3% and -3% a settlement. The formula's 0.05% limit only stops the interest component from being pushed too far by the premium, and a large premium still passes straight through to the rate. The ±3% limits are what stop a single settlement from taking more than 3% of a position's value, however far the contract trades from its index.

Worked out at the limit, three settlements a day at 3% would take 9% of a position's value in a single day. On a 1 AMD long at 649.42 USDT, one settlement at the limit would be about 19.48 USDT. At 20x that is more than half of the 32.47 USDT margin, so two such settlements could liquidate the position before AMD's price moved at all.

Nothing like that has happened on AMDUSDT. The highest rate since listing was +0.4192%, settled at 4PM UTC on May 10, 2026, in the contract's first week, and the lowest was -0.1118% (source: BloFin, AMDUSDT funding history). Since August 1, no settlement has gone past ±0.07%. The limits matter as a description of the worst case, which is the number to plan with if you hold at high leverage for days.

How to read the live AMD funding rate and countdown

The live AMD funding rate is the figure BloFin shows beside a countdown at the top of the AMDUSDT trading page. It is the current estimate for the next settlement, and it keeps moving until that settlement. The rate that counts is the one fixed at the settlement time, which then appears in the funding history.

On BloFin, the trading page labels the figure "Funding Rate / Countdown", and the countdown runs to the next of the three settlement times. Because the premium readings keep coming in until the settlement, the estimate can change from one minute to the next, and it can even change sign. Before the 8AM UTC settlement on October 5, 2026, the estimate read +0.0024% at 5.52AM UTC, -0.0010% at 7.11AM UTC and +0.0017% at 7.56AM UTC, four minutes before the settlement (source: BloFin, AMDUSDT Perpetual page). The rate then settled at -0.0018% (source: BloFin, AMDUSDT funding history). Say you held a 1 AMD long through that settlement: you received about 0.01 USDT, although the last estimate had pointed to a small payment.

The useful reading of the live figure is its sign and size close to the settlement, when there is little time left for it to change. A rate hovering near zero, as in that example, can settle on either side of it, so only a rate well away from zero tells you much about the coming payment.

Timing matters at the edges too. A position closed before a settlement pays or receives nothing for it (source: BloFin, futures funding rates). That makes the minutes around 12AM, 8AM and 4PM UTC the ones to plan around, and it is safest to leave a few minutes on either side.

How to check the funding you paid on BloFin

Your own funding payments are listed in BloFin's Order Center, one record for each settlement at which you held a position. Each record shows the time, the coin, the contract, the margin mode and the amount paid or received, so you can add up exactly what a position cost or earned.

BloFin's help center sets out the path on the website (source: BloFin Help Center, checking funding fees).

Step 1: Log in to your BloFin account and hover your cursor over the Assets tab. Then, click Order Center.

Step 2: Click Trading History and under Instruments, choose Funding Fee.

Step 3: Select the Contract Type, the Contract (AMDUSDT) and the Time range you want to check.

Step 4: Read the records in the table. The Funding Fee column shows each amount charged or received, and Margin shows whether the position was isolated or cross.

If a settlement you expected is missing, BloFin gives the usual reasons. You held no position at the settlement time, the time range left it out, the wrong contract was selected, or the position was closed before the fee was settled (source: BloFin Help Center, checking funding fees). Comparing your own records with the contract's history is a quick way to confirm that each payment matches the rate on your position's value.

How to read the AMDUSDT funding history

The AMDUSDT funding history lists every settled rate, newest first, to four decimal places of a percent. To see what a position paid over a period, add up the rates for the settlements it was open through, then multiply the total by the position's value.

BloFin's funding history for the contract shows each settlement's time and rate, with pages going back to the listing in May 2026 (source: BloFin, AMDUSDT funding history). Check the time zone before you match a settlement to a day. On a device set to UTC+8, the 12AM UTC settlement on September 21, 2026 is listed at 8AM on September 21, eight hours ahead of UTC. BloFin's own funding page gives the settlement times in UTC+8 as well (source: BloFin, futures funding rates).

From BloFin's own settlement record, the September 2026 run in AMD's stock makes a clear worked example. AMD closed at $493.41 on September 14 and at $630.63 on September 25 (source: Yahoo Finance, AMD price history). The six settlements around the jump of September 21, when the stock closed 9.95% higher, all charged longs.

Those six cost a 1 AMD long about 1.25 USDT. Across the whole run, the 33 settlements from 12AM UTC on September 15 to 4PM UTC on September 25 added up to +0.2186%, with 21 positive, 11 negative and one at zero. Worked out at the previous close for each settlement, a 1 AMD long paid about 1.24 USDT in funding, while the price rose $137.22. The run is one of several in AMD's price history, and funding was a small cost next to it.

Why the AMD funding rate turns positive or negative

The AMD funding rate turns strongly positive when the AMDUSDT Perpetual trades well above its index, and negative when it trades well below. A large positive rate means buyers have been paying more than the index, and a negative rate means sellers have been accepting less. A rate well away from zero shows which side is crowded.

That follows straight from the formula. Funding moves away from the interest component only when the premium is large, and the premium is positive only when buyers lift the contract over its index. The September run shows it. The three largest positive rates in September settled at 12AM and 8AM UTC on September 21 and at 12AM UTC on September 22, around AMD's 9.95% jump, a sign that the contract had been trading above its index. The largest negative rate, -0.0519% at 8AM UTC on September 28, came hours before a Monday session in which AMD fell from $630.63 to $607.87 (source: Yahoo Finance, AMD price history).

The settlement hour matters too. Across September, the 30 settlements at 12AM UTC added up to +0.1922%, the 30 at 8AM UTC to +0.0503% and the 30 at 4PM UTC to +0.0146% (source: BloFin, AMDUSDT funding history). The 4PM UTC settlement falls inside BloFin's regular weekday hours for stock futures, while AMD's shares are trading, and the other two fall after the close and before the open (source: BloFin stock futures notice, April 21, 2026).

BloFin's listing notice says the AMD index is built from prices that outside data vendors quote, and that outside regular trading hours the underlying asset may move little and trade thinly (source: BloFin listing notice, May 6, 2026). A premium measured against a quiet index can grow when traders keep buying or selling the contract on news.

Funding is one signal among several, and on its own it says little about where the price goes next. Funding and open interest as signals shows how traders read the two together.

AMD funding outside regular trading hours

AMD funding keeps settling when the US stock market is closed. On a weekday, two of the three settlements, at 12AM and 8AM UTC, fall outside regular trading hours, and a normal weekend has eight settlements between Friday's close and Monday's open. During those hours BloFin may accept only orders that reduce a position.

Outside regular weekday trading hours, and on weekends and market holidays, BloFin may limit stock futures, AMDUSDT included, to orders that reduce or close a position (source: BloFin stock futures notice, April 21, 2026). The same notice puts regular weekday hours at 1.30PM to 8PM UTC in US daylight saving time and 2.30PM to 9PM UTC in standard time, which applies to weekdays from November 2, 2026. The 4PM UTC settlement sits inside both windows, and the 12AM and 8AM UTC ones sit outside both. The reduce-only windows on the AMD perpetual set out every hour and holiday.

Weekends are not a pause for funding. From AMD's close on Friday, September 25, 2026 to its open on Monday, September 28, the contract settled eight times, at rates from +0.0199% to -0.0519%. Say you held a 1 AMD long worth 630.63 USDT through that weekend: the eight rates added up to -0.0902%, so you received about 0.57 USDT, and a short of the same size paid it (source: BloFin, AMDUSDT funding history). The same weekend also carried the risk of a price jump at Monday's open, the weekend gap risk that funding sits beside.

This is where the reduce-only rule changes your choices. You can close a position before a 12AM UTC settlement, because closing reduces it. You may not be able to open it again until the session starts at 1.30PM UTC, or 2.30PM UTC from November 2, so skipping that one settlement can mean staying out through the 8AM UTC one as well.

The 4PM UTC settlement is the only one you can step around inside the session, by closing just before it and opening again just after. That costs two trading fees on the full value, 0.06% each way at BloFin's standard taker rate, or 0.02% each way as a maker. The largest 4PM UTC rate in September was +0.0251%, less than even two maker fees of 0.02% each would cost, so stepping around it would not have paid (source: BloFin, AMDUSDT funding history).

Checking funding before you open or hold an AMD position

Checking funding before you open or hold an AMD position takes four looks. They are the sign and size of the live rate, how close the next settlement is, how many settlements your plan crosses, and how much margin the payments could take. Each one can change the cost of a trade you had already decided on.

Start with the live rate and the countdown on the trading page, then glance at the last few days of the funding history to see whether the sign has been steady or flipping. Then count settlements. A trade opened at 3PM UTC and closed at 7PM UTC crosses one, the 4PM UTC settlement, while a position held from 3PM UTC on a Friday to 3PM UTC on the Monday crosses nine.

1. Read the sign: a positive rate costs a long and pays a short, and a negative rate does the reverse.

2. Compare its size with your trading fees, which are charged at 0.02% or 0.06% of the position's value each time an order fills.

3. Count the settlements your plan crosses, remembering that eight fall on a normal weekend.

4. In isolated margin, keep enough spare margin that a run of payments does not bring liquidation close.

Say you plan to hold a 2 AMD long at 5x from 3PM UTC on a Friday to 3PM UTC on the Monday, with AMD at 649.42 USDT. The position is worth about 1,299 USDT and the margin about 260 USDT. If the nine settlements averaged +0.0100% each, the interest rate in BloFin's published formula, the total would be about 1.17 USDT, under half a percent of the margin. If they matched September's weekend and averaged a negative rate, you would be paid instead.

Over months, those payments add up to the main recurring cost of holding the AMD perpetual long term instead of shares. Before a long hold, work out a year of funding at the leverage you plan to use.

Looking to trade the AMDUSDT Perpetual? 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

Is the AMD funding rate the same on every exchange?

Each exchange that lists an AMD perpetual sets its own funding rate, so the same settlement can carry different rates on different venues. The rate depends on where that venue's contract trades against that venue's index. BloFin notes that each exchange uses its own index sources and methods, so small price differences between exchanges are normal (source: BloFin Help Center, index, mark and last price). On BloFin, the AMDUSDT funding history is the record that applies to your position.

Do you pay AMD funding if you open a position right after a settlement?

You can, if you open in the first moments after the settlement time. BloFin says its fee assessment can take up to about a minute, and gives the example of a position opened 20 seconds after a settlement that may still pay or receive that settlement's funding (source: BloFin, futures funding rates). Opening a few minutes after 12AM, 8AM or 4PM UTC avoids the overlap. The Funding Fee records in BloFin's Order Center then show whether a payment was charged to the new position.

Can the AMD perpetual's funding interval change from eight hours?

BloFin's funding page lists settlement schedules for intervals of 8, 4, 2 and 1 hours, and says the settlement timing may be adjusted in real time according to market conditions (source: BloFin, futures funding rates). AMDUSDT settles every eight hours. Its contract page also says BloFin adjusts parameters based on the market without issuing a separate announcement (source: BloFin, AMDUSDT contract information). The funding line on that contract page is therefore the place to check the current schedule before you plan around a settlement.

Is AMD funding charged on US market holidays?

Funding keeps settling on market holidays, three times a day as usual. On Labor Day, September 7, 2026, AMDUSDT settled at +0.0005%, +0.0151% and +0.0003% (source: BloFin, AMDUSDT funding history). On a day BloFin lists as closed all day, such as Thanksgiving on November 26, 2026, all three settlements fall outside regular hours. On the early-close days of November 27 and December 24, the session ends at 6PM UTC, so the 4PM UTC settlement still falls inside it (source: BloFin stock futures notice, April 21, 2026).

How does funding relate to the AMD perpetual's mark price?

The mark price is the price BloFin uses for liquidation, the margin ratio and unrealized profit and loss. It is built from the index price, a funding basis and other pricing inputs (source: BloFin Help Center, index, mark and last price). So funding and the mark price both draw on how the contract trades against its index. When the contract trades well above or below its index, the mark can sit away from the index too, and it is the mark that decides when a position is liquidated.

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 and funding history pages, its AMDUSDT listing notice of May 6, 2026 and stock futures notice of April 21, 2026, and its help center articles on funding rates, on checking funding fees, on forced liquidation and on index, mark and last price, and BloFin Academy's guide to its fee structure. They also include He, Manela, Ross and von Wachter's paper on the fundamentals of perpetual futures, AMD's investor relations FAQ and AMD price history from Yahoo Finance, current as of October 6, 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 paid or charged every eight hours on a position's full value, including at the settlements that fall outside regular weekday trading hours, when BloFin may accept only orders that reduce or close a position. Past funding rates do not set future ones, a single settlement can reach 3% of the position's value, and each payment you make in isolated margin moves the liquidation price closer. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.