Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1286%/8h= −140.9% APRpaid last 24h −0.129%

Price spread now: edgeX against Variational Omni+0.005%59s7-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 edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now +0.005%, 7d avg +0.010%

Together, before fees+0.026%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$39 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.122% in total (about -13.8% 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	Variational Omni AMD	615.86	0.0339	pay 0.0339% / 8h	2h 44m	$2.7M	$3.1M	—
Short	edgeX AMDUSDC	615.89	−0.0948	pay 0.0474% / 4h	2h 44m	$81K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$270.16
Price spread: +0.005% → +0.010%: −$0.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$279.67
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; edgeX: live order book, 4 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, 5 min ago	2.48 bp	doesn't fit	28.8 bp −$288	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	4.22 bp	10.3 bp −$10	33.5 bp −$335	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 AMDUSDCshort	−0.0948%	4h	615.89	+0.005%	$81K	$1.6M	10x
OKX AMD-USDT-SWAP	0.0000%	8h	615.40	−0.074%	$6.7M	$28.4M	25x	as long as short
Gate AMD_USDT	0.0000%	8h	615.60	−0.042%	$4.3M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	615.78	−0.013%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	615.50	−0.058%	$127K	$584K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	615.28	−0.094%	$1.7M	$455K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	615.27	−0.095%	$857K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.672%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	616.25	+0.064%	—	$948K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	615.16	−0.113%	$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	615.38	−0.078%	$409K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	615.11	−0.121%	$1.4M	$4.7M	10x	as long as short
Aster AMDUSDT	+0.0054%	8h	615.78	−0.012%	$71K	$411K	50x	as long as short
Lighter AMD	+0.0072%	1h	615.35	−0.082%	$600K	$2.6M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	615.77	−0.014%	$2.3M	$13.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	615.18	−0.110%	$1.9M	$328K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	615.77	−0.014%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	615.67	−0.031%	$376	$11K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	615.04	−0.133%	$311K	$1.8M	10x	as long as short
SoDEX AMD-USD	+0.0121%	1h	615.49	−0.060%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0156%	1h	615.26	−0.097%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0176%	1h	615.95	+0.015%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0303%	1h	615.42	−0.071%	$77K	$163K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0320%	8h	615.85	−0.001%	$17K	$142K	10x	as long as short
Variational Omni AMDlong	+0.0339%	8h	615.86	long leg	$2.7M	$3.1M	—
Nado AMD-PERP	+0.0343%	1h	614.92	−0.152%	$289K	$154K	10x	as long as short
BloFin AMD-USDT	+0.0372%	8h	615.81	−0.008%	$6K	$539K	20x	as long as short
Extended AMD_24_5-USD	+0.0392%	1h	615.72	−0.023%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0396%	8h	615.78	−0.013%	$74.8M	$192.7M	25x	as long as short
Bitget AMDUSDT	+0.0444%	8h	615.71	−0.024%	$10.0M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.1053%	1h	615.57	−0.047%	$143K	$266K	10x	as long as short