Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0403%/8h= +44.1% APRpaid last 24h +0.035%

Price spread now: GRVT against Ondo Perps+0.150%7-day average +0.119% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.150%, 7d avg +0.119%

Together, before fees−0.082%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GRVT is 0.032% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.119%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% 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	Ondo Perps AMD-USD.P	618.75	0.0050	pay 0.0006% / 1h	10m 45s	$1.5M	$4.8M	10x
Short	GRVT AMD_USDT_Perp	619.68	0.0453	get 0.0453% / 8h	1h 10m	$17K	$137K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Ondo Perps. 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 Ondo PerpsbpFee GRVTbpOrdersPrice spread, now +0.150%Rate

Funding earned: $84.55
Price spread: +0.150% → +0.119%: $3.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $73.71
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 6 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell GRVT live order book, 6 min ago	1.13 bp	9.0 bp −$9	11.7 bp −$117	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0033%	4h	619.68	+0.150%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.88	+0.183%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	619.78	+0.166%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.53	+0.126%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.81	+0.171%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.38	+0.102%	$834K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.136%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	620.41	+0.268%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.Plong	+0.0050%	1h	618.75	long leg	$1.5M	$4.8M	10x
Polymarket Perps AMD-USD	+0.0052%	1h	619.42	+0.108%	$395K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AMD-USDT-SWAP	+0.0062%	8h	619.74	+0.160%	$6.8M	$28.7M	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	618.86	+0.018%	$311K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.65	+0.145%	$2.3M	$13.3M	10x	as long as short
tradeXYZ xyz:AMD	+0.0092%	1h	619.29	+0.087%	$24.8M	$95.6M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.41	+0.107%	$1.9M	$321K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.54	+0.128%	$378	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.21	+0.074%	$2K	$94K	10x	as long as short
Aster AMDUSDT	+0.0176%	8h	618.87	+0.019%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0192%	1h	619.53	+0.126%	$535K	$2.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0194%	1h	619.34	+0.095%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0208%	1h	620.00	+0.202%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0261%	1h	619.72	+0.157%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0410%	1h	619.01	+0.042%	$315K	$166K	10x	as long as short
Variational Omni AMD	+0.0453%	8h	619.32	+0.092%	$2.7M	$3.2M	—	as long as short
GRVT AMD_USDT_Perpshort	+0.0453%	8h	619.68	+0.150%	$17K	$137K	10x
Deribit AMD_USDC-PERPETUAL	+0.0461%	1h	619.40	+0.105%	$77K	$163K	10x	as long as short
Binance AMDUSDT	+0.0509%	8h	619.99	+0.200%	$75.6M	$193.1M	25x	as long as short
Extended AMD_24_5-USD	+0.0512%	1h	619.72	+0.156%	$458K	$1.5M	10x	as long as short
BloFin AMD-USDT	+0.0513%	8h	619.99	+0.200%	$6K	$546K	20x	as long as short
Bitget AMDUSDT	+0.0518%	8h	619.80	+0.170%	$10.1M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.0780%	1h	619.53	+0.126%	$145K	$267K	10x	as long as short