Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.084%

Price spread now: QFEX against GRVT−0.006%57s7-day average −0.025% · 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−$290.290% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.006%, 7d avg −0.025%

Together, before fees−0.076%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 57 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	615.91	0.0343	pay 0.0343% / 8h	2h 30m	$18K	$141K	10x
Short	QFEX AMD-USD	615.87	0.0080	get 0.0010% / 1h	30m 31s	$2.3M	$13.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$55.23
Price spread: −0.006% → −0.025%: $1.89
Slippage, 4 orders: −$9.98
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$82.33
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from GRVT: live order book, 56 min ago; QFEX: live order book, 4 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, 56 min ago	0.98 bp	7.4 bp −$7	13154.8 bp −$131.5K	221477.9 bp −$22.15M	doesn't fit
Sell QFEX live order book, 4 min ago	1.95 bp	6.9 bp −$7	8.7 bp −$87	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	−0.0488%	4h	615.96	+0.008%	$81K	$1.6M	10x	as long as short
OKX AMD-USDT-SWAP	0.0000%	8h	615.61	−0.049%	$6.7M	$28.4M	25x	as long as short
Gate AMD_USDT	0.0000%	8h	615.82	−0.015%	$4.3M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	615.90	−0.002%	$2K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	615.62	−0.047%	$127K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	615.35	−0.091%	$1.7M	$454K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	615.50	−0.066%	$881K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.680%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	616.37	+0.075%	—	$948K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	615.34	−0.092%	$24.9M	$95.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	615.53	−0.062%	$409K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	614.99	−0.149%	$1.4M	$4.7M	10x	as long as short
Aster AMDUSDT	+0.0074%	8h	615.95	+0.006%	$71K	$411K	50x	as long as short
QFEX AMD-USDshort	+0.0080%	1h	615.87	−0.006%	$2.3M	$13.1M	10x
Lighter AMD	+0.0088%	1h	615.53	−0.062%	$600K	$2.6M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	615.23	−0.110%	$1.9M	$324K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	615.88	−0.005%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	615.73	−0.029%	$376	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	615.33	−0.094%	$311K	$1.8M	10x	as long as short
SoDEX AMD-USD	+0.0122%	1h	615.53	−0.062%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0156%	1h	615.49	−0.068%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	616.10	+0.030%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0205%	1h	615.49	−0.068%	$77K	$163K	10x	as long as short
Nado AMD-PERP	+0.0331%	1h	615.10	−0.132%	$313K	$166K	10x	as long as short
GRVT AMD_USDT_Perplong	+0.0343%	8h	615.91	long leg	$18K	$141K	10x
Variational Omni AMD	+0.0356%	8h	615.85	−0.009%	$2.7M	$3.1M	—	as long as short
Extended AMD_24_5-USD	+0.0416%	1h	615.87	−0.006%	$456K	$1.5M	10x	as long as short
BloFin AMD-USDT	+0.0417%	8h	615.79	−0.019%	$6K	$540K	20x	as long as short
Binance AMDUSDT	+0.0419%	8h	615.96	+0.008%	$74.9M	$192.9M	25x	as long as short
Bitget AMDUSDT	+0.0462%	8h	615.99	+0.013%	$10.0M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.1053%	1h	615.77	−0.023%	$142K	$282K	10x	as long as short