Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0739%/8h= +81.0% APRpaid last 24h −0.036%

Price spread now: Binance against Arcus+0.043%46s7-day average +0.078% · 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−$350.349% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.480%−$48 · spread now +0.043%, 7d avg +0.078%

Together, before fees−0.494%−$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.034% cheaper against Arcus than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.078%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$22 a day). The two prices were read 46 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 4 days it paid -0.015% 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	Arcus AMD-USD	621.33	0.0040	pay 0.0005% / 1h	15m 49s	$144K	$263K	10x
Short	Binance AMDUSDT	621.60	0.0780	get 0.0780% / 8h	5h 15m	$75.6M	$189.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $155.28
Price spread: +0.043% → +0.078%: −$3.42
Slippage, 4 orders: −$20.39
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: $116.97
Costs to cover: 0.349%
Break-even: 1.7 days

Slippage from Arcus: live order book, 48 min ago; Binance: live order book, 13 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 Arcus live order book, 48 min ago	4.43 bp	9.8 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.24 bp	8.0 bp −$8	12.2 bp −$122	46.5 bp −$4,647	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	−0.0613%	4h	621.33	−0.001%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.83	+0.080%	$1K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.60	+0.043%	$122K	$597K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.36	+0.005%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0016%	8h	621.89	+0.090%	$4.5M	$13.3M	50x	as long as short
Bitget AMDUSDT	+0.0020%	8h	621.72	+0.063%	$10.3M	$17.1M	20x	as long as short
Lighter RH AMD	+0.0032%	1h	621.18	−0.024%	$854K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.547%	$5K	$55K	12x	as long as short
Arcus AMD-USDlong	+0.0040%	1h	621.33	long leg	$144K	$263K	10x
Polymarket Perps AMD-USD	+0.0050%	1h	621.34	+0.002%	$398K	$1.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	620.28	−0.169%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0053%	1h	622.50	+0.188%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.67	+0.055%	$2.1M	$11.9M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.05	−0.045%	$1.9M	$281K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.70	+0.060%	$372	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0122%	1h	620.89	−0.071%	$80K	$257K	50x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	620.69	−0.103%	$300K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0168%	1h	621.10	−0.037%	$25.1M	$93.6M	10x	as long as short
SoDEX AMD-USD	+0.0220%	1h	621.54	+0.034%	$26K	$24K	10x	as long as short
Lighter AMD	+0.0240%	1h	621.43	+0.016%	$544K	$2.5M	10x	as long as short
Phoenix AMD	+0.0245%	1h	621.30	−0.005%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.99	+0.106%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0310%	8h	621.58	+0.040%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0323%	1h	620.96	−0.059%	$269K	$216K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0330%	1h	621.25	−0.013%	$77K	$151K	10x	as long as short
Aster AMDUSDT	+0.0399%	8h	621.12	−0.034%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0695%	8h	621.45	+0.019%	$18K	$138K	10x	as long as short
Variational Omni AMD	+0.0718%	8h	621.62	+0.047%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0756%	8h	621.89	+0.090%	$7K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.44	+0.017%	$464K	$1.9M	10x	as long as short
Binance AMDUSDTshort	+0.0780%	8h	621.60	+0.043%	$75.6M	$189.9M	25x