Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0727%/8h= −79.6% APRpaid last 24h −0.097%

Price spread now: Polymarket Perps against Binance−0.069%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.069%, 7d avg −0.119%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.050% dearer against Binance than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.119%): +$5 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.096% in total) that is about 3.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% 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	620.68	0.0777	pay 0.0777% / 8h	5h 42m	$75.5M	$189.9M	25x
Short	Polymarket Perps AMD-USD	620.25	0.0050	get 0.0006% / 1h	42m 02s	$398K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$152.65
Price spread: −0.069% → −0.119%: $4.98
Slippage, 4 orders: −$8.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$173.73
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Polymarket Perps: live order book, 1 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, 1 min ago	0.08 bp	7.6 bp −$8	14.0 bp −$140	54.1 bp −$5,412	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	1.53 bp	5.5 bp −$6	5.7 bp −$57	10.2 bp −$1,015	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	−0.0943%	4h	619.62	−0.172%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.90	+0.035%	$2K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.58	−0.016%	$122K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.89	+0.034%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0003%	8h	620.75	+0.011%	$4.5M	$13.2M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.28	−0.064%	$844K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.444%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.20	−0.077%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USDshort	+0.0050%	1h	620.25	−0.069%	$398K	$1.5M	10x
Ondo Perps AMD-USD.P	+0.0050%	1h	619.78	−0.145%	$1.5M	$4.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0055%	1h	621.42	+0.119%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.55	−0.021%	$2.1M	$12.0M	10x	as long as short
Bitget AMDUSDT	+0.0088%	8h	620.81	+0.021%	$10.3M	$17.1M	20x	as long as short
SoDEX AMD-USD	+0.0094%	1h	620.63	−0.008%	$25K	$24K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.15	−0.085%	$1.9M	$284K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.68	−0.161%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.63	−0.008%	$371	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0110%	1h	620.21	−0.076%	$25.0M	$93.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.97	−0.114%	$300K	$1.8M	10x	as long as short
Lighter AMD	+0.0200%	1h	620.44	−0.039%	$545K	$2.4M	10x	as long as short
Phoenix AMD	+0.0245%	1h	619.28	−0.226%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	620.94	+0.042%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0295%	8h	620.76	+0.013%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0299%	1h	619.85	−0.134%	$268K	$212K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0379%	1h	620.32	−0.058%	$77K	$151K	10x	as long as short
Aster AMDUSDT	+0.0403%	8h	620.73	+0.008%	$72K	$412K	50x	as long as short
Variational Omni AMD	+0.0722%	8h	619.70	−0.158%	$2.6M	$3.3M	—	as long as short
GRVT AMD_USDT_Perp	+0.0741%	8h	619.91	−0.125%	$17K	$135K	10x	as long as short
BloFin AMD-USDT	+0.0766%	8h	620.67	−0.002%	$6K	$547K	20x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	620.59	−0.015%	$463K	$1.9M	10x	as long as short
Binance AMDUSDTlong	+0.0777%	8h	620.68	long leg	$75.5M	$189.9M	25x