Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.029%

Price spread now: Deribit against GRVT−0.180%75s7-day average −0.050% · 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−$390.389% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.180%, 7d avg −0.050%

Together, before fees+0.081%+ Points / potential airdropGRVT: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.130% cheaper against GRVT than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AMD_USDT_Perp	613.42	0.0128	pay 0.0128% / 8h	2h 37m	$19K	$164K	10x
Short	Deribit AMD_USDC-PERPETUAL	612.32	0.0093	get 0.0012% / 1h	37m 51s	$76K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.180%Rate

Funding earned: −$7.33
Price spread: −0.180% → −0.050%: −$13.03
Slippage, 4 orders: −$22.88
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.24
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from GRVT: live order book, 9 min ago; Deribit: live order book, 11 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, 9 min ago	1.54 bp	10.3 bp −$10	7814.2 bp −$78.1K	168084.1 bp −$16.81M	doesn't fit
Sell Deribit live order book, 11 min ago	3.49 bp	11.1 bp −$11	13.7 bp −$137	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	+0.249%	$73K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0026%	8h	613.57	+0.024%	$10.3M	$17.3M	20x	as long as short
Gate AMD_USDT	0.0000%	8h	613.24	−0.030%	$4.4M	$14.0M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	612.79	−0.103%	$2K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	612.97	−0.074%	$114K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.02	−0.066%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	612.35	−0.175%	$531K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	612.33	−0.178%	$804K	$4.6M	10x	as long as short
QFEX AMD-USD	+0.0032%	1h	612.51	−0.149%	$2.0M	$11.5M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	613.22	−0.033%	$137K	$271K	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	+0.0042%	1h	612.33	−0.178%	$255K	$239K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	613.18	−0.040%	—	$925K	25x	as long as short
Aster AMDUSDT	+0.0049%	8h	613.35	−0.012%	$69K	$415K	50x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.62	−0.131%	$23.1M	$94.9M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	612.44	−0.160%	$400K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	612.42	−0.164%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.03	−0.227%	$1.2M	$5.0M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	611.74	−0.274%	$318K	$1.9M	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0093%	1h	612.32	−0.180%	$76K	$151K	10x
KuCoin AMDUSDTM	+0.0100%	8h	612.72	−0.115%	$1.9M	$296K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.30	−0.183%	$79K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.40	−0.167%	$366	$6K	10x	as long as short
GRVT AMD_USDT_Perplong	+0.0128%	8h	613.42	long leg	$19K	$164K	10x
OKX AMD-USDT-SWAP	+0.0129%	8h	613.59	+0.027%	$6.5M	$28.8M	25x	as long as short
Aevo AMD-PERP	+0.0176%	1h	612.81	−0.101%	$11K	—	10x	as long as short
Phoenix AMD	+0.0195%	1h	614.69	+0.206%	$2K	$90K	10x	as long as short
Injective AMD/USDC PERP	+0.0220%	1h	619.05	+0.917%	$2K	$57K	12x	as long as short
Variational Omni AMD	+0.0297%	8h	613.22	−0.032%	$2.5M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0359%	8h	612.99	−0.071%	$6K	$545K	20x	as long as short
Extended AMD_24_5-USD	+0.0376%	1h	613.06	−0.060%	$457K	$3.1M	10x	as long as short
Binance AMDUSDT	+0.0378%	8h	613.57	+0.024%	$71.4M	$200.6M	25x	as long as short