Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.069%

Price spread now: Arcus against Variational Omni+0.032%50s7-day average −0.041% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.032%, 7d avg −0.041%

Together, before fees+0.105%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Arcus is 0.072% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 50 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 4 days it paid 0.042% 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	Variational Omni AMD	610.06	0.0215	pay 0.0215% / 8h	6h 57m	$2.0M	$3.8M	—
Short	Arcus AMD-USD	610.25	0.0623	get 0.0078% / 1h	57m 49s	$122K	$280K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.032%Rate

Funding earned: $85.78
Price spread: +0.032% → −0.041%: $7.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $88.53
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Arcus: live order book, 36 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 Variational Omni RFQ quote, 1 min ago	3.01 bp	doesn't fit	29.6 bp −$296	doesn't fit	doesn't fit
Sell Arcus live order book, 36 min ago	1.98 bp	8.8 bp −$9	10.4 bp −$104	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	−0.0336%	4h	610.33	+0.045%	$73K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	610.52	+0.076%	$69K	$417K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	610.37	+0.051%	$4.7M	$14.4M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	609.89	−0.027%	$10.2M	$16.6M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	610.52	+0.076%	$2K	$7.6M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	610.51	+0.074%	$93K	$659K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	610.37	+0.051%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	610.16	+0.017%	$804K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	551.13	−9.659%	$2K	$58K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	610.74	+0.112%	—	$924K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	610.25	+0.032%	$393K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	609.98	−0.013%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0076%	1h	610.24	+0.030%	$2.0M	$11.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0098%	8h	610.18	+0.020%	$6.7M	$29.6M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	609.95	−0.018%	$1.9M	$379K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	609.32	−0.121%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	610.28	+0.037%	$365	$6K	10x	as long as short
Phoenix AMD	+0.0118%	1h	609.90	−0.026%	$2K	$75K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	610.42	+0.059%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0168%	1h	609.57	−0.080%	$304K	$1.9M	10x	as long as short
Lighter AMD	+0.0184%	1h	610.23	+0.028%	$522K	$2.3M	10x	as long as short
SoDEX AMD-USD	+0.0196%	1h	610.34	+0.046%	$25K	$20K	10x	as long as short
tradeXYZ xyz:AMD	+0.0198%	1h	609.83	−0.037%	$21.1M	$97.3M	10x	as long as short
Variational Omni AMDlong	+0.0215%	8h	610.06	long leg	$2.0M	$3.8M	—
Nado AMD-PERP	+0.0276%	1h	609.80	−0.043%	$250K	$246K	10x	as long as short
Extended AMD_24_5-USD	+0.0288%	1h	610.11	+0.009%	$457K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0289%	8h	610.08	+0.004%	$72.1M	$205.5M	25x	as long as short
BloFin AMD-USDT	+0.0296%	8h	610.62	+0.092%	$6K	$561K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0521%	1h	610.12	+0.010%	$76K	$151K	10x	as long as short
Arcus AMD-USDshort	+0.0623%	1h	610.25	+0.032%	$122K	$280K	10x
GRVT AMD_USDT_Perp	+0.0696%	8h	610.43	+0.061%	$19K	$192K	10x	as long as short