Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.016%

Price spread now: Ondo Perps against Aster−0.146%7-day average −0.114% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.445%−$44 · spread now −0.146%, 7d avg −0.114%

Together, before fees−0.366%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.032% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.114%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.079%, 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	Aster AMDUSDT	616.68	0.0074	pay 0.0074% / 8h	1h 59m	$71K	$414K	50x
Short	Ondo Perps AMD-USD.P	615.78	0.0050	get 0.0006% / 1h	59m 23s	$1.4M	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$4.87
Price spread: −0.146% → −0.114%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.12
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 23 min ago; Ondo Perps: no order-book sample. 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 Aster live order book, 23 min ago	2.76 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0577%	4h	616.72	+0.007%	$81K	$1.6M	10x	as long as short
OKX AMD-USDT-SWAP	0.0000%	8h	616.40	−0.045%	$6.8M	$28.5M	25x	as long as short
Gate AMD_USDT	0.0000%	8h	616.61	−0.011%	$4.3M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	616.65	−0.005%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.30	−0.062%	$127K	$578K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.16	−0.084%	$1.7M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	616.23	−0.073%	$844K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.804%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.17	+0.079%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.38	−0.049%	$406K	$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
Ondo Perps AMD-USD.Pshort	+0.0050%	1h	615.78	−0.146%	$1.4M	$4.8M	10x
Lighter AMD	+0.0064%	1h	616.35	−0.054%	$556K	$2.5M	10x	as long as short
SoDEX AMD-USD	+0.0067%	1h	616.43	−0.041%	$25K	$24K	10x	as long as short
Aster AMDUSDTlong	+0.0074%	8h	616.68	long leg	$71K	$414K	50x
QFEX AMD-USD	+0.0080%	1h	616.61	−0.011%	$2.3M	$13.2M	10x	as long as short
tradeXYZ xyz:AMD	+0.0093%	1h	616.19	−0.080%	$24.9M	$95.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.00	−0.110%	$1.9M	$323K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	616.63	−0.008%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.56	−0.020%	$376	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	615.75	−0.151%	$311K	$1.8M	10x	as long as short
Phoenix AMD	+0.0156%	1h	616.13	−0.089%	$2K	$93K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	616.78	+0.016%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0346%	8h	616.60	−0.012%	$17K	$141K	10x	as long as short
Variational Omni AMD	+0.0364%	8h	616.75	+0.012%	$2.7M	$3.1M	—	as long as short
Nado AMD-PERP	+0.0373%	1h	615.96	−0.117%	$314K	$166K	10x	as long as short
BloFin AMD-USDT	+0.0403%	8h	616.77	+0.015%	$6K	$541K	20x	as long as short
Extended AMD_24_5-USD	+0.0416%	1h	616.63	−0.009%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0418%	8h	616.72	+0.007%	$74.9M	$193.1M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0464%	1h	616.35	−0.054%	$77K	$163K	10x	as long as short
Bitget AMDUSDT	+0.0467%	8h	616.63	−0.008%	$10.1M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.0780%	1h	616.56	−0.020%	$142K	$282K	10x	as long as short