Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.081%

Price spread now: Variational Omni against tradeXYZ+0.333%7-day average +0.067% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.426%−$43 · spread now +0.333%, 7d avg +0.067%

Together, before fees−0.352%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Variational Omni is 0.266% dearer against tradeXYZ than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.067%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.074% in total (about 7.6% 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	tradeXYZ xyz:AMD	615.58	0.0109	pay 0.0014% / 1h	23m 03s	$23.3M	$94.5M	10x
Short	Variational Omni AMD	617.63	0.0444	get 0.0444% / 8h	3h 23m	$2.5M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.333%Rate

Funding earned: $70.32
Price spread: +0.333% → +0.067%: $26.62
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $78.94
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 7 min ago; Variational Omni: RFQ quote, 1 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 tradeXYZ live order book, 7 min ago	0.56 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.49 bp	doesn't fit	12.4 bp −$124	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	−0.0299%	4h	618.88	+0.537%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	616.34	+0.123%	$4.5M	$13.8M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	616.30	+0.117%	$10.2M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	616.12	+0.088%	$2K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	615.68	+0.016%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.72	+0.185%	$117K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	615.44	−0.023%	$1.7M	$461K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	615.71	+0.021%	$801K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	619.05	+0.564%	$2K	$57K	12x	as long as short
Lighter AMD	+0.0040%	1h	615.91	+0.054%	$524K	$2.5M	10x	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	617.68	+0.341%	$140K	$269K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	615.82	+0.039%	$2.1M	$11.6M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	615.95	+0.060%	$395K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	616.10	+0.084%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	615.55	−0.005%	$1.3M	$4.6M	10x	as long as short
Vest AMD-USD-PERP	+0.0061%	1h	617.56	+0.322%	—	$924K	25x	as long as short
Nado AMD-PERP	+0.0085%	1h	615.79	+0.035%	$261K	$236K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	615.79	+0.034%	$315K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.37	+0.128%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	617.96	+0.387%	$79K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.72	+0.185%	$369	$6K	10x	as long as short
tradeXYZ xyz:AMDlong	+0.0109%	1h	615.58	long leg	$23.3M	$94.5M	10x
Phoenix AMD	+0.0141%	1h	617.55	+0.320%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0159%	8h	616.77	+0.193%	$69K	$415K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0197%	8h	615.79	+0.034%	$6.7M	$28.1M	25x	as long as short
Aevo AMD-PERP	+0.0208%	1h	616.19	+0.099%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0234%	8h	617.69	+0.343%	$19K	$160K	10x	as long as short
Variational Omni AMDshort	+0.0444%	8h	617.63	+0.333%	$2.5M	$3.3M	—
Extended AMD_24_5-USD	+0.0504%	1h	616.04	+0.074%	$459K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0505%	8h	616.03	+0.073%	$72.3M	$197.9M	25x	as long as short
BloFin AMD-USDT	+0.0520%	8h	616.49	+0.148%	$6K	$546K	20x	as long as short