Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.049%

Price spread now: ApeX Omni against Variational Omni+0.019%73s7-day average −0.010% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.019%, 7d avg −0.010%

Together, before fees−0.025%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.030% dearer against Variational Omni than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.010%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 4 days (−0.011% in total) that is about 10 days. The two prices were read 73 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	Variational Omni AMD	614.30	0.0189	pay 0.0189% / 8h	5h 58m	$2.0M	$3.8M	—
Short	ApeX Omni AMDUSDT	614.42	0.0100	get 0.0013% / 1h	58m 10s	$80K	$253K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: −$18.72
Price spread: +0.019% → −0.010%: $2.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 51 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 Variational Omni RFQ quote, 4 min ago	3.52 bp	doesn't fit	36.9 bp −$369	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	5.34 bp	10.3 bp −$10	31.0 bp −$310	doesn't fit	doesn't fit

AMD on 31 exchanges

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	−0.0975%	4h	614.24	−0.010%	$74K	$1.6M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	548.57	−10.700%	$2K	$58K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	612.85	−0.237%	$70K	$416K	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	614.23	−0.011%	$10.3M	$16.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	614.00	−0.049%	$1K	$6.7M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	614.05	−0.041%	$91K	$688K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	614.12	−0.029%	$1.7M	$465K	10x	as long as short
Gate AMD_USDT	+0.0030%	8h	614.33	+0.005%	$4.7M	$14.8M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	613.63	−0.109%	$788K	$4.5M	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.29	−0.002%	—	$923K	25x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	613.54	−0.124%	$395K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	613.99	−0.051%	$25K	$19K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	613.48	−0.134%	$1.4M	$5.3M	10x	as long as short
tradeXYZ xyz:AMD	+0.0064%	1h	613.45	−0.138%	$21.4M	$96.0M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	613.84	−0.075%	$2.0M	$11.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	613.41	−0.145%	$1.9M	$439K	20x	as long as short
ApeX Omni AMDUSDTshort	+0.0100%	1h	614.42	+0.019%	$80K	$253K	50x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.77	−0.086%	$367	$2K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0123%	8h	614.07	−0.038%	$6.9M	$29.9M	25x	as long as short
Aevo AMD-PERP	+0.0144%	1h	613.94	−0.059%	$11K	—	10x	as long as short
Phoenix AMD	+0.0184%	1h	613.61	−0.112%	$2K	$74K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0184%	1h	613.52	−0.127%	$300K	$1.7M	10x	as long as short
Variational Omni AMDlong	+0.0189%	8h	614.30	long leg	$2.0M	$3.8M	—
Lighter AMD	+0.0208%	1h	613.81	−0.080%	$513K	$2.3M	10x	as long as short
Nado AMD-PERP	+0.0216%	1h	613.46	−0.137%	$252K	$243K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0257%	8h	613.31	−0.161%	$19K	$203K	10x	as long as short
Extended AMD_24_5-USD	+0.0272%	1h	613.62	−0.111%	$462K	$3.4M	10x	as long as short
BloFin AMD-USDT	+0.0274%	8h	614.32	+0.003%	$7K	$565K	20x	as long as short
Binance AMDUSDT	+0.0276%	8h	614.02	−0.046%	$72.9M	$194.8M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0435%	1h	613.43	−0.142%	$67K	$145K	10x	as long as short
Arcus AMD-USD	+0.0592%	1h	613.72	−0.095%	$122K	$223K	10x	as long as short