Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0258%/8h= −28.3% APRpaid last 24h +0.039%

Price spread now: Arcus against BloFin−0.078%95s7-day average −0.054% · 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−$380.376% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.078%, 7d avg −0.054%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Arcus is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.054%). Swap the legs. The two prices were read 95 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 0.013% in total (about 1.3% 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	BloFin AMD-USDT	611.92	0.0298	pay 0.0298% / 8h	1h 35m	$6K	$549K	20x
Short	Arcus AMD-USD	611.44	0.0040	get 0.0005% / 1h	35m 44s	$135K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$54.22
Price spread: −0.078% → −0.054%: −$2.43
Slippage, 4 orders: −$21.06
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$94.22
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from BloFin: live order book, 50 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 BloFin live order book, 50 min ago	0.41 bp	9.0 bp −$9	14.3 bp −$143	doesn't fit	doesn't fit
Sell Arcus live order book, 8 min ago	3.27 bp	11.0 bp −$11	14.6 bp −$146	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
Bitget AMDUSDT	−0.0421%	8h	611.89	−0.005%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDC	−0.0200%	4h	611.42	−0.081%	$72K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	611.55	−0.061%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	611.42	−0.082%	$4.4M	$14.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	611.59	−0.054%	$1K	$8.1M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	611.00	−0.150%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	611.65	−0.044%	$103K	$640K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	611.63	−0.047%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	611.14	−0.127%	$520K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	611.13	−0.129%	$811K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USDshort	+0.0040%	1h	611.44	−0.078%	$135K	$276K	10x
Vest AMD-USD-PERP	+0.0046%	1h	612.04	+0.020%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.12	−0.131%	$22.7M	$95.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	611.05	−0.142%	$393K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	611.41	−0.083%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	611.04	−0.144%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	611.36	−0.092%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	549.96	−10.126%	$2K	$59K	12x	as long as short
Nado AMD-PERP	+0.0073%	1h	611.00	−0.150%	$254K	$241K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0087%	8h	611.47	−0.074%	$6.6M	$29.0M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	611.25	−0.109%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	611.15	−0.126%	$78K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	611.26	−0.108%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	611.26	−0.108%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	611.11	−0.132%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0148%	8h	611.67	−0.041%	$20K	$174K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	611.61	−0.051%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0216%	8h	611.47	−0.073%	$2.3M	$3.5M	—	as long as short
BloFin AMD-USDTlong	+0.0298%	8h	611.92	long leg	$6K	$549K	20x
Binance AMDUSDT	+0.0304%	8h	611.51	−0.067%	$71.8M	$203.9M	25x	as long as short
Extended AMD_24_5-USD	+0.0304%	1h	611.36	−0.091%	$458K	$3.1M	10x	as long as short