Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0758%/8h= −83.0% APRpaid last 24h +0.064%

Price spread now: Arcus against GRVT+0.074%54s7-day average −0.066% · you sell dearer than you buy

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−$340.338% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.074%, 7d avg −0.066%

Together, before fees−0.054%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.141% dearer against GRVT than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.066%): +$14 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 3 days funding on this pair paid +0.053%, so the current rate has only just turned against you. The two prices were read 54 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 3 days it paid 0.053% in total (about 5.6% 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	GRVT AMD_USDT_Perp	620.00	0.0798	pay 0.0798% / 8h	6h 06m	$17K	$134K	10x
Short	Arcus AMD-USD	620.46	0.0040	get 0.0005% / 1h	6m 00s	$144K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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 GRVTbpFee ArcusbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$159.12
Price spread: +0.074% → −0.066%: $14.06
Slippage, 4 orders: −$20.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$178.9
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from GRVT: live order book, 61 min ago; Arcus: live order book, 62 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 GRVT live order book, 61 min ago	0.24 bp	8.0 bp −$8	10941.9 bp −$109.4K	199354.2 bp −$19.94M	doesn't fit
Sell Arcus live order book, 62 min ago	4.49 bp	10.7 bp −$11	12.8 bp −$128	doesn't fit	doesn't fit

AMD on 30 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	−0.0368%	4h	619.94	−0.009%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.67	+0.108%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.74	+0.119%	$121K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.31	+0.050%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0012%	8h	620.94	+0.152%	$4.5M	$13.4M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.40	+0.064%	$852K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.336%	$5K	$55K	12x	as long as short
Arcus AMD-USDshort	+0.0040%	1h	620.46	+0.074%	$144K	$263K	10x
Polymarket Perps AMD-USD	+0.0050%	1h	620.39	+0.063%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.63	−0.060%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0059%	1h	621.60	+0.258%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.66	+0.106%	$2.2M	$12.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.25	+0.040%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.61	−0.063%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.79	+0.127%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	619.72	−0.045%	$305K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0159%	1h	620.31	+0.050%	$25.1M	$93.5M	10x	as long as short
Lighter AMD	+0.0168%	1h	620.49	+0.079%	$549K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0184%	1h	620.80	+0.129%	$25K	$24K	10x	as long as short
Bitget AMDUSDT	+0.0241%	8h	620.97	+0.156%	$10.3M	$17.1M	20x	as long as short
Phoenix AMD	+0.0244%	1h	619.51	−0.079%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.16	+0.186%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0284%	8h	620.51	+0.082%	$6.9M	$28.0M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0379%	1h	620.38	+0.061%	$77K	$151K	10x	as long as short
Nado AMD-PERP	+0.0402%	1h	620.06	+0.010%	$268K	$208K	10x	as long as short
Aster AMDUSDT	+0.0407%	8h	620.85	+0.138%	$72K	$413K	50x	as long as short
Variational Omni AMD	+0.0723%	8h	620.91	+0.146%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0781%	8h	620.69	+0.111%	$75.4M	$190.3M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	620.79	+0.128%	$463K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perplong	+0.0798%	8h	620.00	long leg	$17K	$134K	10x