Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0376%/8h= −41.1% APRpaid last 24h −0.084%

Price spread now: Injective against GRVT−1.604%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 1.604% cheaper against GRVT than usual: you would sell low and buy high (−$160 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% 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	621.69	0.0409	pay 0.0409% / 8h	4h 28m	$18K	$145K	10x
Short	Injective AMD/USDC PERP	611.72	0.0033	get 0.0004% / 1h	28m 14s	$5K	$55K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.604%Rate

Funding earned: −$78.89
Price spread: −1.604% → 0.000%: −$160.37
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$248.28
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 29 min ago; Injective: no order-book sample. 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 GRVT live order book, 29 min ago	0.80 bp	7.3 bp −$7	12.0 bp −$120	65637.8 bp −$6.56M	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.008%	$79K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	621.35	−0.055%	$4.5M	$13.5M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	621.26	−0.069%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	621.13	−0.090%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	620.70	−0.159%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.95	−0.119%	$121K	$613K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.27	−0.068%	$1.8M	$458K	10x	as long as short
Lighter AMD	+0.0032%	1h	620.93	−0.122%	$553K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.90	−0.127%	$839K	$4.5M	10x	as long as short
Injective AMD/USDC PERPshort	+0.0033%	1h	611.72	−1.604%	$5K	$55K	12x

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	−0.037%	$145K	$263K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	620.85	−0.135%	$23.7M	$94.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.85	−0.135%	$398K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	620.94	−0.121%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.46	−0.198%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0059%	1h	622.56	+0.140%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.16	−0.085%	$2.1M	$11.6M	10x	as long as short
Nado AMD-PERP	+0.0091%	1h	620.85	−0.135%	$268K	$225K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.88	−0.130%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.93	−0.122%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.06	−0.101%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.76	−0.150%	$318K	$1.8M	10x	as long as short
Phoenix AMD	+0.0206%	1h	621.30	−0.063%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	621.32	−0.059%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0254%	8h	621.16	−0.085%	$6.9M	$28.0M	25x	as long as short
Aster AMDUSDT	+0.0299%	8h	620.96	−0.117%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perplong	+0.0409%	8h	621.69	long leg	$18K	$145K	10x
Variational Omni AMD	+0.0605%	8h	621.66	−0.005%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0633%	8h	621.31	−0.061%	$7K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0656%	1h	620.95	−0.119%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0659%	8h	621.09	−0.096%	$73.2M	$194.5M	25x	as long as short