Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0191%/8h= −21.0% APRpaid last 24h +0.131%

Price spread now: Arcus against OKX+0.027%7-day average −0.008% · 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−$28as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.178%+$18 on $10k

Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.027%, 7d avg −0.008%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.035% dearer against OKX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.008%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 4 days funding on this pair paid +0.178%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMD-USDT-SWAP	622.52	0.0232	pay 0.0232% / 8h	3h 58m	$6.9M	$28.2M	25x
Short	Arcus AMD-USD	622.69	0.0040	get 0.0005% / 1h	58m 29s	$145K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$40.18
Price spread: +0.027% → −0.008%: $3.53
Slippage, 4 orders: −$17.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$68.58
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Arcus: live order book, 60 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 OKX live order book, 5 min ago	0.64 bp	7.2 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Arcus live order book, 60 min ago	2.57 bp	9.6 bp −$10	15.5 bp −$155	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	−0.0343%	4h	622.82	+0.047%	$79K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.58	+0.010%	$4.5M	$13.6M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	622.67	+0.024%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	622.59	+0.011%	$2K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	622.06	−0.074%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	622.39	−0.021%	$118K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.68	+0.026%	$1.8M	$459K	10x	as long as short
Lighter AMD	+0.0032%	1h	622.42	−0.016%	$554K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.35	−0.027%	$847K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.735%	$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-USDshort	+0.0040%	1h	622.69	+0.027%	$145K	$263K	10x
Polymarket Perps AMD-USD	+0.0050%	1h	622.16	−0.058%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	622.38	−0.022%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.50	−0.164%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0065%	1h	623.66	+0.183%	—	$923K	25x	as long as short
Nado AMD-PERP	+0.0067%	1h	622.15	−0.060%	$269K	$230K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.31	−0.034%	$2.1M	$11.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	621.55	−0.156%	$316K	$1.9M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.25	−0.043%	$1.9M	$292K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.02	−0.080%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.45	−0.011%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0133%	1h	622.16	−0.058%	$23.6M	$94.5M	10x	as long as short
Phoenix AMD	+0.0206%	1h	622.75	+0.037%	$2K	$89K	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0232%	8h	622.52	long leg	$6.9M	$28.2M	25x
Aevo AMD-PERP	+0.0232%	1h	622.73	+0.034%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0234%	8h	622.20	−0.052%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0312%	8h	622.73	+0.034%	$18K	$151K	10x	as long as short
Variational Omni AMD	+0.0526%	8h	622.92	+0.064%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0570%	8h	622.43	−0.014%	$7K	$550K	20x	as long as short
Binance AMDUSDT	+0.0587%	8h	622.53	+0.002%	$73.0M	$195.9M	25x	as long as short
Extended AMD_24_5-USD	+0.0592%	1h	622.44	−0.013%	$464K	$1.9M	10x	as long as short