Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.071%

Price spread now: Variational Omni against tradeXYZ+0.083%7-day average +0.065% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

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)−0.144%−$14 · spread now +0.083%, 7d avg +0.065%

Together, before fees−0.112%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

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 3.6% 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	tradeXYZ xyz:AMD	619.75	0.0120	pay 0.0015% / 1h	12m 59s	$24.9M	$94.6M	10x
Short	Variational Omni AMD	620.27	0.0492	get 0.0492% / 8h	12m 59s	$2.7M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: $78.05
Price spread: +0.083% → +0.065%: $1.82
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $61.87
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: tradeXYZ: live order book, 7 min ago; Variational Omni: RFQ quote, 1 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 tradeXYZ live order book, 7 min ago	0.32 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.82 bp	doesn't fit	11.0 bp −$110	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	−0.0888%	4h	620.24	+0.080%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.63	+0.142%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.18	+0.069%	$2K	$8.9M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.94	+0.031%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.75	0.000%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.86	+0.018%	$836K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.296%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.11	+0.219%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	619.84	+0.015%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.48	−0.044%	$1.5M	$4.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AMD-USD	+0.0075%	1h	620.00	+0.040%	$25K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.07	+0.052%	$2.3M	$13.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	620.16	+0.066%	$311K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.02	+0.044%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.23	+0.077%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.96	+0.034%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMDlong	+0.0120%	1h	619.75	long leg	$24.9M	$94.6M	10x
Lighter AMD	+0.0136%	1h	619.89	+0.023%	$528K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0159%	8h	620.26	+0.082%	$6.8M	$28.6M	25x	as long as short
Aster AMDUSDT	+0.0204%	8h	620.30	+0.089%	$72K	$416K	50x	as long as short
Phoenix AMD	+0.0207%	1h	620.15	+0.065%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.40	+0.105%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0315%	1h	619.85	+0.016%	$77K	$162K	10x	as long as short
Nado AMD-PERP	+0.0456%	1h	619.56	−0.030%	$317K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0475%	8h	620.36	+0.099%	$17K	$133K	10x	as long as short
Variational Omni AMDshort	+0.0492%	8h	620.27	+0.083%	$2.7M	$3.2M	—
BloFin AMD-USDT	+0.0533%	8h	620.14	+0.063%	$6K	$545K	20x	as long as short
Bitget AMDUSDT	+0.0539%	8h	620.23	+0.077%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDT	+0.0542%	8h	620.27	+0.083%	$75.5M	$192.4M	25x	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.12	+0.059%	$464K	$1.5M	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	619.94	+0.031%	$145K	$264K	10x	as long as short