Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0585%/8h= −64.0% APRpaid last 24h +0.036%

Price spread now: Arcus against Binance−0.022%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.022%, 7d avg −0.077%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.054% dearer against Binance than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.077%): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 7 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.015% in total (about 1.5% 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	Binance AMDUSDT	622.98	0.0625	pay 0.0625% / 8h	4h 17m	$73.1M	$195.2M	25x
Short	Arcus AMD-USD	622.84	0.0040	get 0.0005% / 1h	17m 17s	$145K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$122.8
Price spread: −0.022% → −0.077%: $5.44
Slippage, 4 orders: −$15.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$147.42
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Arcus: live order book, 41 min ago.

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 Binance live order book, 11 min ago	0.24 bp	5.8 bp −$6	10.5 bp −$105	45.6 bp −$4,558	doesn't fit
Sell Arcus live order book, 41 min ago	2.57 bp	9.6 bp −$10	15.5 bp −$155	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	−0.0298%	4h	622.87	−0.018%	$79K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	623.09	+0.018%	$4.5M	$13.6M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	623.17	+0.030%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	623.03	+0.008%	$2K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	622.44	−0.087%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	623.01	+0.005%	$121K	$615K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	623.14	+0.026%	$1.8M	$458K	10x	as long as short
Lighter AMD	+0.0032%	1h	622.86	−0.019%	$555K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.82	−0.026%	$840K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.807%	$5K	$55K	12x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USDshort	+0.0040%	1h	622.84	−0.022%	$145K	$263K	10x
tradeXYZ xyz:AMD	+0.0050%	1h	622.55	−0.069%	$23.7M	$94.4M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	622.68	−0.048%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	622.80	−0.029%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.30	−0.109%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	624.40	+0.228%	—	$923K	25x	as long as short
Nado AMD-PERP	+0.0075%	1h	622.67	−0.050%	$269K	$227K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.98	0.000%	$2.1M	$11.7M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.73	−0.040%	$1.9M	$290K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.56	−0.067%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.80	−0.029%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	622.30	−0.109%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0206%	1h	622.24	−0.119%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	623.14	+0.025%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0241%	8h	622.91	−0.011%	$6.9M	$28.2M	25x	as long as short
Aster AMDUSDT	+0.0273%	8h	622.77	−0.034%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0350%	8h	622.88	−0.015%	$18K	$147K	10x	as long as short
Variational Omni AMD	+0.0570%	8h	622.48	−0.079%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0624%	1h	622.80	−0.028%	$463K	$1.9M	10x	as long as short
Binance AMDUSDTlong	+0.0625%	8h	622.98	long leg	$73.1M	$195.2M	25x
BloFin AMD-USDT	+0.0635%	8h	622.93	−0.008%	$7K	$551K	20x	as long as short