Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0377%/8h= +41.2% APRpaid last 24h +0.008%

Price spread now: Arcus against Binance−0.047%7-day average −0.031% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 2 days (all we have)−0.053%−$5 · spread now −0.047%, 7d avg −0.031%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.1% 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	Binance AMDUSDT	620.65	0.0542	pay 0.0542% / 8h	7m 01s	$75.6M	$192.5M	25x
Short	Arcus AMD-USD	620.36	0.0919	get 0.0115% / 1h	7m 01s	$145K	$264K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.047%Rate

Funding earned: $79.11
Price spread: −0.047% → −0.031%: −$1.62
Slippage, 4 orders: −$12.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $50.59
Costs to cover: 0.269%
Break-even: 2.5 days

Slippage from Binance: live order book, 6 min ago; Arcus: live order book, 6 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 Binance live order book, 6 min ago	0.08 bp	7.2 bp −$7	14.6 bp −$146	53.9 bp −$5,392	doesn't fit
Sell Arcus live order book, 6 min ago	3.71 bp	7.3 bp −$7	7.8 bp −$78	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	−0.0602%	4h	620.36	−0.048%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.82	+0.027%	$4.4M	$13.7M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.55	−0.017%	$2K	$8.9M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.28	−0.060%	$132K	$579K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.64	−0.002%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.34	−0.051%	$838K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.439%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.49	+0.135%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.16	−0.080%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.92	−0.118%	$1.5M	$4.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AMD-USD	+0.0078%	1h	620.41	−0.039%	$25K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.42	−0.038%	$2.3M	$13.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	620.04	−0.099%	$311K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.31	−0.055%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.31	−0.055%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.26	−0.063%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0123%	1h	620.31	−0.055%	$24.9M	$94.4M	10x	as long as short
Lighter AMD	+0.0128%	1h	620.35	−0.049%	$528K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0163%	8h	620.67	+0.003%	$6.8M	$28.6M	25x	as long as short
Aster AMDUSDT	+0.0202%	8h	620.64	−0.003%	$72K	$416K	50x	as long as short
Phoenix AMD	+0.0207%	1h	620.32	−0.054%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.82	+0.026%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0444%	1h	620.42	−0.038%	$77K	$160K	10x	as long as short
Nado AMD-PERP	+0.0449%	1h	619.94	−0.115%	$318K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0468%	8h	620.44	−0.034%	$18K	$133K	10x	as long as short
Variational Omni AMD	+0.0493%	8h	620.28	−0.061%	$2.7M	$3.2M	—	as long as short
Bitget AMDUSDT	+0.0538%	8h	620.60	−0.009%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDTlong	+0.0542%	8h	620.65	long leg	$75.6M	$192.5M	25x
BloFin AMD-USDT	+0.0542%	8h	620.48	−0.028%	$6K	$546K	20x	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.39	−0.043%	$464K	$1.5M	10x	as long as short
Arcus AMD-USDshort	+0.0919%	1h	620.36	−0.047%	$145K	$264K	10x