Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.022%

Price spread now: Variational Omni against Extended+0.087%7-day average +0.018% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.087%, 7d avg +0.018%

Together, before fees−0.199%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.069% dearer against Extended than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.018%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 4 days (−0.021% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AMD_24_5-USD	612.69	0.0384	pay 0.0048% / 1h	39m 47s	$457K	$3.1M	10x
Short	Variational Omni AMD	613.22	0.0297	get 0.0297% / 8h	2h 39m	$2.5M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: −$18.2
Price spread: +0.087% → +0.018%: $6.87
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.33
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 4 min ago	0.65 bp	6.8 bp −$7	64.1 bp −$641	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.49 bp	doesn't fit	18.6 bp −$186	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	−0.0725%	4h	614.95	+0.368%	$73K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0005%	8h	613.01	+0.052%	$10.3M	$17.3M	20x	as long as short
Gate AMD_USDT	0.0000%	8h	612.85	+0.026%	$4.4M	$14.0M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	612.54	−0.025%	$2K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	612.35	−0.056%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	612.87	+0.029%	$114K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.06	+0.060%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	612.32	−0.061%	$530K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	612.36	−0.054%	$789K	$4.6M	10x	as long as short
QFEX AMD-USD	+0.0032%	1h	612.31	−0.063%	$2.0M	$11.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AMD-PERP	+0.0033%	1h	612.23	−0.075%	$254K	$239K	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	613.53	+0.137%	$137K	$272K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	613.47	+0.127%	—	$924K	25x	as long as short
Aster AMDUSDT	+0.0049%	8h	612.60	−0.015%	$69K	$415K	50x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.27	−0.069%	$23.0M	$94.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	612.20	−0.081%	$400K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	612.62	−0.012%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.19	−0.082%	$1.2M	$5.0M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	611.74	−0.156%	$318K	$1.9M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.32	−0.061%	$1.9M	$296K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	614.47	+0.290%	$79K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.51	−0.030%	$366	$6K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0128%	8h	612.79	+0.016%	$6.5M	$28.7M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0139%	8h	616.03	+0.545%	$20K	$165K	10x	as long as short
Aevo AMD-PERP	+0.0176%	1h	612.79	+0.016%	$11K	—	10x	as long as short
Phoenix AMD	+0.0195%	1h	614.69	+0.326%	$2K	$90K	10x	as long as short
Injective AMD/USDC PERP	+0.0220%	1h	619.05	+1.037%	$2K	$57K	12x	as long as short
Variational Omni AMDshort	+0.0297%	8h	613.22	+0.087%	$2.5M	$3.3M	—
Binance AMDUSDT	+0.0378%	8h	612.84	+0.024%	$71.3M	$200.2M	25x	as long as short
Extended AMD_24_5-USDlong	+0.0384%	1h	612.69	long leg	$457K	$3.1M	10x
BloFin AMD-USDT	+0.0409%	8h	613.32	+0.102%	$6K	$545K	20x	as long as short