Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against OKX−0.040%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$280.284% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.201%−$20 · spread now −0.040%, 7d avg −0.072%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.032% dearer against OKX than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.072%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you.

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	OKX AMD-USDT-SWAP	622.08	0.0267	pay 0.0267% / 8h	4h 39m	$6.9M	$28.0M	25x
Short	Polymarket Perps AMD-USD	621.83	0.0050	get 0.0006% / 1h	39m 30s	$399K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$45.67
Price spread: −0.040% → −0.072%: $3.21
Slippage, 4 orders: −$10.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$70.84
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 OKX live order book, 4 min ago	0.08 bp	8.9 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.65 bp	6.7 bp −$7	6.8 bp −$68	11.2 bp −$1,118	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	−0.0080%	4h	622.54	+0.074%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.30	+0.035%	$4.5M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	622.43	+0.056%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	621.80	−0.045%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	622.21	+0.021%	$122K	$609K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.59	−0.079%	$1.8M	$458K	10x	as long as short
Lighter AMD	+0.0032%	1h	621.81	−0.043%	$556K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.81	−0.043%	$852K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.665%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.25	+0.027%	$144K	$263K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AMDUSDT	+0.0041%	8h	622.24	+0.026%	$10.3M	$17.1M	20x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	621.87	−0.034%	$24.3M	$94.0M	10x	as long as short
Polymarket Perps AMD-USDshort	+0.0050%	1h	621.83	−0.040%	$399K	$1.5M	10x
SoDEX AMD-USD	+0.0050%	1h	622.12	+0.006%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.63	−0.072%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0058%	1h	623.57	+0.240%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.03	−0.008%	$2.1M	$11.6M	10x	as long as short
Nado AMD-PERP	+0.0096%	1h	621.67	−0.066%	$269K	$223K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.84	−0.039%	$1.9M	$282K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.05	−0.005%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.04	−0.006%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	622.02	−0.010%	$310K	$1.8M	10x	as long as short
Phoenix AMD	+0.0206%	1h	622.07	−0.002%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0256%	1h	622.52	+0.071%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0267%	8h	622.08	long leg	$6.9M	$28.0M	25x
Aster AMDUSDT	+0.0327%	8h	621.82	−0.042%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0478%	8h	622.37	+0.046%	$17K	$144K	10x	as long as short
Variational Omni AMD	+0.0640%	8h	622.35	+0.043%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0696%	1h	621.90	−0.030%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0697%	8h	622.16	+0.013%	$74.1M	$193.0M	25x	as long as short
BloFin AMD-USDT	+0.0733%	8h	622.29	+0.034%	$7K	$550K	20x	as long as short