Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0729%/8h= +79.8% APRpaid last 24h +0.106%

Price spread now: BloFin against Ondo Perps+0.314%515s7-day average +0.118% · you sell dearer than you buy

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.275%−$27 · spread now +0.314%, 7d avg +0.118%

Together, before fees−0.188%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BloFin is 0.196% dearer against Ondo Perps than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.118%. The two prices were read 515 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 7 days it paid 0.087% in total (about 4.5% 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	Ondo Perps AMD-USD.P	620.78	0.0050	pay 0.0006% / 1h	39m 48s	$1.5M	$4.2M	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 Ondo Perps. 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 Ondo PerpsbpFee BloFinbpOrdersPrice spread, now +0.314%Rate

Funding earned: $153.08
Price spread: +0.314% → +0.118%: $19.6
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $155.68
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 26 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 26 min ago	0.16 bp	9.2 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit

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	−0.0467%	4h	621.92	+0.183%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.45	+0.108%	$1K	$8.4M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.91	+0.021%	$1.8M	$460K	10x	as long as short
HTX AMD-USDT	+0.0009%	8h	621.66	+0.142%	$132K	$578K	20x	as long as short
Lighter RH AMD	+0.0032%	1h	621.09	+0.050%	$827K	$4.4M	10x	as long as short
Gate AMD_USDT	+0.0033%	8h	621.44	+0.106%	$4.5M	$13.2M	50x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.459%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.85	+0.172%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.06	+0.045%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	621.37	+0.095%	$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.Plong	+0.0050%	1h	620.78	long leg	$1.5M	$4.2M	10x
Lighter AMD	+0.0056%	1h	621.17	+0.063%	$536K	$2.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0061%	1h	622.53	+0.282%	—	$924K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.58	+0.129%	$2.2M	$12.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0090%	1h	620.90	+0.019%	$25.0M	$93.4M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.06	+0.045%	$1.9M	$290K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.80	+0.003%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.38	+0.097%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.87	+0.014%	$299K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0185%	1h	620.95	+0.027%	$77K	$151K	10x	as long as short
Phoenix AMD	+0.0244%	1h	621.34	+0.090%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.66	+0.142%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0273%	8h	621.16	+0.061%	$6.8M	$28.1M	25x	as long as short
Nado AMD-PERP	+0.0313%	1h	620.77	−0.002%	$268K	$202K	10x	as long as short
Aster AMDUSDT	+0.0404%	8h	621.37	+0.095%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0547%	8h	621.39	+0.098%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0720%	8h	621.77	+0.159%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0768%	8h	621.25	+0.076%	$75.4M	$190.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0768%	1h	621.18	+0.064%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDTshort	+0.0779%	8h	622.73	+0.314%	$7K	$551K	20x
GRVT AMD_USDT_Perp	+0.0968%	8h	622.31	+0.247%	$17K	$131K	10x	as long as short