Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.063%

Price spread now: Aster against Extended+0.003%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.003%, 7d avg +0.026%

Together, before fees+0.092%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.023% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -4.9% 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	Extended AMD_24_5-USD	616.91	0.0424	pay 0.0053% / 1h	51m 28s	$456K	$1.5M	10x
Short	Aster AMDUSDT	616.93	0.0077	get 0.0077% / 8h	1h 51m	$71K	$414K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$72.81
Price spread: +0.003% → +0.026%: −$2.29
Slippage, 4 orders: −$32.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$120.8
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 31 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 Extended live order book, 2 min ago	0.97 bp	7.0 bp −$7	52.9 bp −$529	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	2.76 bp	17.6 bp −$18	doesn't fit	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	−0.0342%	4h	617.02	+0.018%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	616.86	−0.008%	$4.3M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	616.87	−0.007%	$2K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.66	−0.041%	$127K	$577K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.93	+0.003%	$1.7M	$460K	10x	as long as short
OKX AMD-USDT-SWAP	0.0000%	8h	616.85	−0.010%	$6.8M	$28.6M	25x	as long as short
Lighter RH AMD	+0.0032%	1h	616.59	−0.052%	$828K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.841%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.59	+0.110%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.64	−0.044%	$406K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	615.76	−0.186%	$1.4M	$4.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0071%	1h	616.39	−0.084%	$24.9M	$95.7M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	615.86	−0.170%	$311K	$1.8M	10x	as long as short
Aster AMDUSDTshort	+0.0077%	8h	616.93	+0.003%	$71K	$414K	50x
QFEX AMD-USD	+0.0080%	1h	616.91	0.000%	$2.3M	$13.2M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.26	−0.105%	$1.9M	$323K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	616.89	−0.003%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.83	−0.013%	$376	$6K	10x	as long as short
Lighter AMD	+0.0168%	1h	616.71	−0.032%	$539K	$2.6M	10x	as long as short
Phoenix AMD	+0.0169%	1h	616.54	−0.060%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	617.18	+0.044%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0230%	1h	616.89	−0.003%	$25K	$24K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0351%	8h	616.62	−0.047%	$17K	$141K	10x	as long as short
Variational Omni AMD	+0.0366%	8h	616.46	−0.073%	$2.7M	$3.1M	—	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0383%	1h	616.66	−0.041%	$77K	$163K	10x	as long as short
Nado AMD-PERP	+0.0412%	1h	616.24	−0.108%	$314K	$166K	10x	as long as short
Extended AMD_24_5-USDlong	+0.0424%	1h	616.91	long leg	$456K	$1.5M	10x
Binance AMDUSDT	+0.0426%	8h	617.04	+0.021%	$75.0M	$193.0M	25x	as long as short
BloFin AMD-USDT	+0.0430%	8h	617.02	+0.018%	$6K	$541K	20x	as long as short
Bitget AMDUSDT	+0.0475%	8h	616.92	+0.002%	$10.1M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.0780%	1h	616.80	−0.018%	$142K	$282K	10x	as long as short