Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0273%/8h= −29.8% APRpaid last 24h −0.057%

Price spread now: Aster against Nado+0.131%7-day average +0.021% · 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−$26as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.244%−$24 · spread now +0.131%, 7d avg +0.021%

Together, before fees−0.329%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.111% dearer against Nado than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.021%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 3 days (−0.084% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.084% in total (about -9.9% 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	Nado AMD-PERP	615.14	0.0338	pay 0.0042% / 1h	37m 05s	$314K	$166K	10x
Short	Aster AMDUSDT	615.95	0.0065	get 0.0065% / 8h	2h 37m	$71K	$411K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$57.23
Price spread: +0.131% → +0.021%: $11.09
Slippage, 4 orders: −$21.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$83.08
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Nado: live order book, 50 min ago; Aster: live order book, 50 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 Nado live order book, 50 min ago	1.95 bp	11.8 bp −$12	31.7 bp −$317	doesn't fit	doesn't fit
Sell Aster live order book, 50 min ago	2.03 bp	9.4 bp −$9	doesn't fit	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	−0.0669%	4h	615.90	+0.123%	$81K	$1.6M	10x	as long as short
OKX AMD-USDT-SWAP	0.0000%	8h	615.60	+0.075%	$6.7M	$28.4M	25x	as long as short
Gate AMD_USDT	0.0000%	8h	615.77	+0.103%	$4.3M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	615.93	+0.129%	$2K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	615.59	+0.073%	$127K	$582K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	615.40	+0.043%	$1.7M	$454K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	615.52	+0.062%	$880K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.556%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	616.41	+0.207%	—	$948K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	615.25	+0.018%	$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	615.52	+0.062%	$409K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	615.06	−0.013%	$1.4M	$4.7M	10x	as long as short
Aster AMDUSDTshort	+0.0065%	8h	615.95	+0.131%	$71K	$411K	50x
QFEX AMD-USD	+0.0080%	1h	615.87	+0.119%	$2.3M	$13.1M	10x	as long as short
Lighter AMD	+0.0088%	1h	615.56	+0.069%	$600K	$2.6M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	615.21	+0.012%	$1.9M	$327K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	615.71	+0.093%	$376	$11K	10x	as long as short
ApeX Omni AMDUSDT	+0.0120%	1h	615.36	+0.036%	$79K	$260K	50x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	615.04	−0.016%	$311K	$1.8M	10x	as long as short
SoDEX AMD-USD	+0.0125%	1h	615.58	+0.072%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0156%	1h	615.26	+0.020%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	616.11	+0.158%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0189%	1h	615.50	+0.059%	$77K	$163K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0334%	8h	615.90	+0.125%	$18K	$141K	10x	as long as short
Nado AMD-PERPlong	+0.0338%	1h	615.14	long leg	$314K	$166K	10x
Variational Omni AMD	+0.0349%	8h	615.86	+0.117%	$2.7M	$3.1M	—	as long as short
Extended AMD_24_5-USD	+0.0408%	1h	615.88	+0.121%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0408%	8h	615.93	+0.129%	$74.9M	$192.8M	25x	as long as short
BloFin AMD-USDT	+0.0412%	8h	615.95	+0.132%	$6K	$540K	20x	as long as short
Bitget AMDUSDT	+0.0454%	8h	615.81	+0.109%	$10.0M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.1053%	1h	615.70	+0.091%	$142K	$282K	10x	as long as short