Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.069%

Price spread now: Polymarket Perps against GRVT−0.201%63s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$300.305% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.201%, 7d avg −0.068%

Together, before fees+0.274%+ Points / potential airdropGRVT: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Polymarket Perps is 0.132% cheaper against GRVT than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 63 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 -0.038% in total (about -2.0% 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	623.41	0.0324	pay 0.0324% / 8h	4h 01m	$17K	$149K	10x
Short	Polymarket Perps AMD-USD	622.16	0.0050	get 0.0006% / 1h	1m 53s	$399K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$57.54
Price spread: −0.201% → −0.068%: −$13.24
Slippage, 4 orders: −$13.47
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$101.26
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from GRVT: live order book, 55 min ago; Polymarket Perps: live order book, 2 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, 55 min ago	0.80 bp	7.3 bp −$7	12.0 bp −$120	65637.8 bp −$6.56M	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.38 bp	7.4 bp −$7	7.5 bp −$75	10.8 bp −$1,076	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	−0.0910%	4h	623.06	−0.056%	$79K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.81	−0.096%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	622.83	−0.093%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	622.36	−0.168%	$2K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	622.05	−0.218%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	622.39	−0.164%	$121K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.21	−0.192%	$1.8M	$459K	10x	as long as short
Lighter AMD	+0.0032%	1h	622.40	−0.162%	$554K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.27	−0.183%	$842K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.875%	$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	622.92	−0.079%	$145K	$263K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	622.53	−0.141%	$23.6M	$94.4M	10x	as long as short
Polymarket Perps AMD-USDshort	+0.0050%	1h	622.16	−0.201%	$399K	$1.5M	10x
SoDEX AMD-USD	+0.0050%	1h	622.42	−0.159%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.61	−0.289%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0064%	1h	623.73	+0.051%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.11	−0.209%	$2.1M	$11.6M	10x	as long as short
Nado AMD-PERP	+0.0089%	1h	621.99	−0.228%	$268K	$229K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.32	−0.175%	$1.9M	$291K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.80	−0.098%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.36	−0.168%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	621.55	−0.298%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0206%	1h	622.96	−0.072%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0232%	1h	622.75	−0.107%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0233%	8h	622.69	−0.115%	$6.9M	$28.2M	25x	as long as short
Aster AMDUSDT	+0.0241%	8h	622.23	−0.189%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perplong	+0.0324%	8h	623.41	long leg	$17K	$149K	10x
Variational Omni AMD	+0.0533%	8h	623.16	−0.041%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0592%	1h	622.59	−0.131%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0594%	8h	622.38	−0.165%	$7K	$550K	20x	as long as short
Binance AMDUSDT	+0.0595%	8h	622.87	−0.087%	$73.0M	$195.9M	25x	as long as short