Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.033%

Price spread now: GRVT against Extended+0.106%52s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.288% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.106%, 7d avg +0.034%

Together, before fees−0.142%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.072% dearer against Extended than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.034%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.034% in total) that is about 15 days. The two prices were read 52 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 7 days it paid -0.034% in total (about -1.8% 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	621.03	0.0664	pay 0.0083% / 1h	28m 17s	$463K	$1.9M	10x
Short	GRVT AMD_USDT_Perp	621.69	0.0409	get 0.0409% / 8h	4h 28m	$18K	$145K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$53.55
Price spread: +0.106% → +0.034%: $7.21
Slippage, 4 orders: −$14.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$75.1
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 28 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, 5 min ago	0.32 bp	6.9 bp −$7	48.7 bp −$487	doesn't fit	doesn't fit
Sell GRVT live order book, 28 min ago	0.80 bp	8.3 bp −$8	11.8 bp −$118	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	−0.0104%	4h	621.64	+0.098%	$79K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	621.37	+0.054%	$4.5M	$13.5M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	621.26	+0.036%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	621.13	+0.015%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	620.70	−0.054%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.11	+0.012%	$121K	$613K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.67	−0.059%	$1.8M	$458K	10x	as long as short
Lighter AMD	+0.0032%	1h	621.02	−0.002%	$553K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.99	−0.007%	$839K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.500%	$5K	$55K	12x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	621.46	+0.069%	$145K	$263K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	620.85	−0.030%	$23.7M	$94.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.85	−0.030%	$398K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	620.94	−0.015%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.46	−0.092%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0059%	1h	622.56	+0.246%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.16	+0.020%	$2.1M	$11.6M	10x	as long as short
Nado AMD-PERP	+0.0091%	1h	620.85	−0.030%	$268K	$225K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.96	−0.012%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.93	−0.017%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.06	+0.004%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.95	−0.014%	$317K	$1.8M	10x	as long as short
Phoenix AMD	+0.0206%	1h	621.30	+0.043%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	621.32	+0.046%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0254%	8h	621.16	+0.020%	$6.9M	$28.0M	25x	as long as short
Aster AMDUSDT	+0.0299%	8h	621.01	−0.003%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perpshort	+0.0409%	8h	621.69	+0.106%	$18K	$145K	10x
Variational Omni AMD	+0.0605%	8h	621.66	+0.100%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0633%	8h	621.31	+0.044%	$7K	$549K	20x	as long as short
Binance AMDUSDT	+0.0659%	8h	621.12	+0.014%	$73.2M	$194.5M	25x	as long as short
Extended AMD_24_5-USDlong	+0.0664%	1h	621.03	long leg	$463K	$1.9M	10x