Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0972%/8h= +106.4% APRpaid last 24h +0.061%

Price spread now: Arcus against Aster+0.039%46s7-day average −0.063% · 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−$450.446% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.682%−$68 · spread now +0.039%, 7d avg −0.063%

Together, before fees−0.574%+ Points / potential airdropAster: Stage 5 · farm board−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Arcus is 0.102% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.063%. 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 3 days it paid 0.108% in total (about 11.9% 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	Aster AMDUSDT	616.05	0.0081	pay 0.0081% / 8h	2h 15m	$71K	$411K	50x
Short	Arcus AMD-USD	616.29	0.1053	get 0.0132% / 1h	15m 47s	$142K	$282K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now +0.039%Rate

Funding earned: $204.02
Price spread: +0.039% → −0.063%: $10.17
Slippage, 4 orders: −$32.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $169.6
Costs to cover: 0.446%
Break-even: 1.2 days

Slippage from Aster: live order book, 6 min ago; Arcus: live order book, 8 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 Aster live order book, 6 min ago	2.76 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 8 min ago	3.00 bp	7.8 bp −$8	9.0 bp −$90	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 AMDUSDC	−0.0449%	4h	616.27	+0.035%	$81K	$1.6M	10x	as long as short
OKX AMD-USDT-SWAP	0.0000%	8h	616.10	+0.008%	$6.8M	$28.4M	25x	as long as short
Gate AMD_USDT	0.0000%	8h	616.29	+0.039%	$4.3M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	616.35	+0.049%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	615.64	−0.067%	$127K	$579K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.22	+0.028%	$1.7M	$456K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0010%	1h	616.24	+0.031%	$77K	$163K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	616.24	+0.031%	$871K	$4.8M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.703%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.24	+0.193%	—	$948K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMD	+0.0050%	1h	616.03	−0.003%	$24.9M	$95.7M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.06	+0.002%	$405K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	615.72	−0.054%	$1.4M	$4.8M	10x	as long as short
Lighter AMD	+0.0056%	1h	616.20	+0.024%	$575K	$2.6M	10x	as long as short
SoDEX AMD-USD	+0.0076%	1h	616.10	+0.008%	$25K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	616.22	+0.028%	$2.3M	$13.1M	10x	as long as short
Aster AMDUSDTlong	+0.0081%	8h	616.05	long leg	$71K	$411K	50x
KuCoin AMDUSDTM	+0.0100%	8h	615.95	−0.016%	$1.9M	$325K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	615.78	−0.044%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.18	+0.021%	$376	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	615.76	−0.047%	$311K	$1.8M	10x	as long as short
Phoenix AMD	+0.0156%	1h	615.83	−0.036%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0192%	1h	616.59	+0.087%	$11K	—	10x	as long as short
Nado AMD-PERP	+0.0301%	1h	615.96	−0.014%	$314K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0363%	8h	616.19	+0.022%	$17K	$142K	10x	as long as short
Variational Omni AMD	+0.0373%	8h	616.21	+0.026%	$2.7M	$3.1M	—	as long as short
BloFin AMD-USDT	+0.0401%	8h	616.45	+0.065%	$6K	$540K	20x	as long as short
Binance AMDUSDT	+0.0429%	8h	616.36	+0.050%	$74.9M	$192.9M	25x	as long as short
Extended AMD_24_5-USD	+0.0432%	1h	616.29	+0.039%	$456K	$1.5M	10x	as long as short
Bitget AMDUSDT	+0.0467%	8h	616.28	+0.037%	$10.1M	$18.2M	20x	as long as short
Arcus AMD-USDshort	+0.1053%	1h	616.29	+0.039%	$142K	$282K	10x