Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0758%/8h= +83.0% APRpaid last 24h −0.064%

Price spread now: GRVT against Arcus−0.090%114s7-day average +0.066% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.338% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.090%, 7d avg +0.066%

Together, before fees+0.070%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.157% cheaper against Arcus than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.066%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 3 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour. The two prices were read 114 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 3 days it paid -0.053% in total (about -5.6% 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	620.56	0.0040	pay 0.0005% / 1h	5m 40s	$144K	$263K	10x
Short	GRVT AMD_USDT_Perp	620.00	0.0798	get 0.0798% / 8h	6h 05m	$17K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.090%Rate

Funding earned: $159.12
Price spread: −0.090% → +0.066%: −$15.66
Slippage, 4 orders: −$20.33
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $109.62
Costs to cover: 0.338%
Break-even: 2.2 days

Slippage from Arcus: live order book, 63 min ago; GRVT: live order book, 61 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, 63 min ago	4.49 bp	8.0 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	0.24 bp	7.1 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit

AMD on 30 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	−0.0368%	4h	619.94	−0.099%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.67	+0.018%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.74	+0.029%	$121K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.31	−0.040%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0012%	8h	620.85	+0.047%	$4.5M	$13.4M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.39	−0.027%	$851K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.425%	$5K	$55K	12x	as long as short
Arcus AMD-USDlong	+0.0040%	1h	620.56	long leg	$144K	$263K	10x
Polymarket Perps AMD-USD	+0.0050%	1h	620.39	−0.027%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.81	−0.121%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0059%	1h	621.60	+0.168%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.66	+0.016%	$2.2M	$12.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.16	−0.064%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.61	−0.153%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.79	+0.037%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	619.72	−0.135%	$305K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0159%	1h	620.26	−0.048%	$25.0M	$93.5M	10x	as long as short
Lighter AMD	+0.0168%	1h	620.44	−0.019%	$549K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0184%	1h	620.80	+0.039%	$25K	$24K	10x	as long as short
Bitget AMDUSDT	+0.0234%	8h	620.96	+0.064%	$10.3M	$17.1M	20x	as long as short
Phoenix AMD	+0.0244%	1h	619.51	−0.169%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.16	+0.096%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0284%	8h	620.42	−0.023%	$6.9M	$28.0M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0379%	1h	620.38	−0.029%	$77K	$151K	10x	as long as short
Nado AMD-PERP	+0.0402%	1h	620.06	−0.080%	$268K	$208K	10x	as long as short
Aster AMDUSDT	+0.0407%	8h	620.82	+0.042%	$72K	$413K	50x	as long as short
Variational Omni AMD	+0.0723%	8h	620.91	+0.056%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0781%	8h	620.87	+0.049%	$75.5M	$190.3M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	620.63	+0.012%	$463K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perpshort	+0.0798%	8h	620.00	−0.090%	$17K	$134K	10x