Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0737%/8h= −80.8% APRpaid last 24h −0.103%

Price spread now: Ondo Perps against Binance−0.209%7-day average −0.117% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 2 days (all we have)+0.076%+$8 · spread now −0.209%, 7d avg −0.117%

Together, before fees−0.006%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Ondo Perps is 0.092% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.117%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% 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	621.25	0.0788	pay 0.0788% / 8h	6h 19m	$75.5M	$190.4M	25x
Short	Ondo Perps AMD-USD.P	619.95	0.0050	get 0.0006% / 1h	19m 38s	$1.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$154.87
Price spread: −0.209% → −0.117%: −$9.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$179.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	0.24 bp	7.6 bp −$8	14.1 bp −$141	48.8 bp −$4,885	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 30 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	−0.0959%	4h	621.23	−0.002%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.09	−0.026%	$2K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.96	−0.047%	$121K	$598K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.93	−0.051%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0030%	8h	621.19	−0.009%	$4.5M	$13.3M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.65	−0.096%	$846K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.534%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.23	−0.003%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.66	−0.095%	$396K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.Pshort	+0.0050%	1h	619.95	−0.209%	$1.5M	$4.2M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0061%	1h	622.03	+0.126%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.18	−0.011%	$2.2M	$12.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.87	−0.061%	$1.9M	$288K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.33	+0.013%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.09	−0.026%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.44	−0.130%	$311K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0177%	1h	620.54	−0.114%	$25.1M	$93.6M	10x	as long as short
Lighter AMD	+0.0184%	1h	620.79	−0.074%	$550K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0238%	1h	620.77	−0.077%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0244%	1h	621.20	−0.008%	$2K	$90K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0266%	1h	620.58	−0.108%	$77K	$151K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.35	+0.016%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0288%	8h	620.74	−0.082%	$6.9M	$28.1M	25x	as long as short
Bitget AMDUSDT	+0.0351%	8h	621.16	−0.014%	$10.3M	$17.3M	20x	as long as short
Aster AMDUSDT	+0.0417%	8h	621.37	+0.019%	$72K	$413K	50x	as long as short
Nado AMD-PERP	+0.0418%	1h	620.37	−0.142%	$268K	$205K	10x	as long as short
Variational Omni AMD	+0.0733%	8h	621.00	−0.041%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDTlong	+0.0788%	8h	621.25	long leg	$75.5M	$190.4M	25x
Extended AMD_24_5-USD	+0.0792%	1h	620.98	−0.043%	$463K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0884%	8h	621.78	+0.086%	$18K	$133K	10x	as long as short