Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0462%/8h= +50.6% APRpaid last 24h +0.023%

Price spread now: BloFin against Nado+0.358%583s7-day average +0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.380%−$38 · spread now +0.358%, 7d avg +0.045%

Together, before fees−0.349%+ Points / potential airdropNado: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BloFin is 0.313% dearer against Nado than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 583 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 0.032% in total (about 3.5% 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	Nado AMD-PERP	620.51	0.0317	pay 0.0040% / 1h	39m 02s	$268K	$202K	10x
Short	BloFin AMD-USDT	622.73	0.0779	get 0.0779% / 8h	6h 39m	$7K	$551K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Nado. 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 NadobpFee BloFinbpOrdersPrice spread, now +0.358%Rate

Funding earned: $97.1
Price spread: +0.358% → +0.045%: $31.31
Slippage, 4 orders: −$18.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $91.2
Costs to cover: 0.372%
Break-even: 0.4 days

Slippage from Nado: live order book, 29 min ago; BloFin: live order book, 27 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 Nado live order book, 29 min ago	1.92 bp	10.8 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell BloFin live order book, 27 min ago	0.16 bp	9.2 bp −$9	14.4 bp −$144	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	−0.0467%	4h	621.92	+0.226%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.06	+0.089%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.91	+0.064%	$132K	$599K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.75	+0.039%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0023%	8h	621.31	+0.129%	$4.5M	$13.2M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.87	+0.058%	$827K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.417%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.67	+0.187%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.59	+0.013%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	621.16	+0.105%	$25K	$24K	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.P	+0.0050%	1h	620.78	+0.043%	$1.5M	$4.2M	10x	as long as short
Lighter AMD	+0.0056%	1h	620.90	+0.063%	$535K	$2.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0061%	1h	622.18	+0.269%	—	$924K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.03	+0.084%	$2.2M	$12.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0090%	1h	620.74	+0.037%	$25.0M	$93.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.92	+0.066%	$1.9M	$290K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.80	+0.047%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.16	+0.105%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.87	+0.058%	$299K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0185%	1h	620.79	+0.045%	$77K	$151K	10x	as long as short
Phoenix AMD	+0.0244%	1h	621.34	+0.134%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.41	+0.145%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0272%	8h	620.90	+0.063%	$6.8M	$28.1M	25x	as long as short
Nado AMD-PERPlong	+0.0317%	1h	620.51	long leg	$268K	$202K	10x
Aster AMDUSDT	+0.0401%	8h	621.23	+0.116%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0534%	8h	621.28	+0.124%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0720%	8h	621.77	+0.203%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0767%	8h	621.21	+0.113%	$75.4M	$190.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0768%	1h	621.06	+0.088%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDTshort	+0.0779%	8h	622.73	+0.358%	$7K	$551K	20x
GRVT AMD_USDT_Perp	+0.0911%	8h	621.71	+0.193%	$18K	$132K	10x	as long as short