Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h +0.099%

Price spread now: Binance against Polymarket Perps+0.096%46s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$290.288% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 2 days (all we have)+0.019%+$2 · spread now +0.096%, 7d avg +0.066%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.030% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 46 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 0.097% in total (about 5.1% 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	Polymarket Perps AMD-USD	623.65	0.0328	pay 0.0041% / 1h	27m 36s	$397K	$1.5M	10x
Short	Binance AMDUSDT	624.25	0.0687	get 0.0687% / 8h	7h 27m	$76.1M	$190.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.096%Rate

Funding earned: $75.46
Price spread: +0.096% → +0.066%: $2.96
Slippage, 4 orders: −$10.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $49.65
Costs to cover: 0.288%
Break-even: 2.4 days

Slippage from Polymarket Perps: live order book, 1 min ago; Binance: live order book, 16 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 Polymarket Perps live order book, 1 min ago	1.92 bp	5.9 bp −$6	6.1 bp −$61	8.1 bp −$807	doesn't fit
Sell Binance live order book, 16 min ago	0.08 bp	8.3 bp −$8	14.6 bp −$146	47.8 bp −$4,780	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	−0.0861%	4h	622.61	−0.166%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	624.08	+0.069%	$1K	$8.6M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	623.47	−0.029%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	623.58	−0.011%	$853K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.913%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.83	−0.131%	$1.5M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0052%	1h	624.62	+0.156%	—	$925K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	624.20	+0.088%	$2.3M	$13.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	623.55	−0.016%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	623.95	+0.048%	$373	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	−0.098%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0184%	1h	623.72	+0.011%	$540K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	622.89	−0.122%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	624.29	+0.102%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0251%	8h	623.93	+0.045%	$6.9M	$28.3M	25x	as long as short
Gate AMD_USDT	+0.0315%	8h	624.21	+0.090%	$4.5M	$13.5M	50x	as long as short
Polymarket Perps AMD-USDlong	+0.0328%	1h	623.65	long leg	$397K	$1.5M	10x
Aster AMDUSDT	+0.0337%	8h	622.62	−0.164%	$72K	$416K	50x	as long as short
tradeXYZ xyz:AMD	+0.0337%	1h	623.50	−0.024%	$25.1M	$93.5M	10x	as long as short
SoDEX AMD-USD	+0.0369%	1h	623.74	+0.014%	$26K	$24K	10x	as long as short
Nado AMD-PERP	+0.0436%	1h	622.93	−0.115%	$318K	$172K	10x	as long as short
ApeX Omni AMDUSDT	+0.0505%	1h	622.27	−0.221%	$80K	$258K	50x	as long as short
HTX AMD-USDT	+0.0522%	8h	624.16	+0.082%	$132K	$579K	20x	as long as short
Variational Omni AMD	+0.0628%	8h	622.64	−0.162%	$2.6M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0666%	8h	623.75	+0.016%	$6K	$551K	20x	as long as short
Extended AMD_24_5-USD	+0.0680%	1h	624.14	+0.078%	$463K	$1.9M	10x	as long as short
Binance AMDUSDTshort	+0.0687%	8h	624.25	+0.096%	$76.1M	$190.6M	25x
Bitget AMDUSDT	+0.0727%	8h	624.17	+0.083%	$10.4M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.32	−0.053%	$145K	$264K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0922%	1h	623.80	+0.024%	$78K	$151K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1419%	8h	622.68	−0.156%	$18K	$130K	10x	as long as short