Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1370%/8h= −150.0% APRpaid last 24h −0.174%

Price spread now: edgeX against Variational Omni+0.002%7-day average +0.009% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.002%, 7d avg +0.009%

Together, before fees−0.206%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$41 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 -0.181% in total (about -19.3% 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	621.10	0.0723	pay 0.0723% / 8h	5h 55m	$2.6M	$3.3M	—
Short	edgeX AMDUSDC	621.12	−0.0647	pay 0.0323% / 4h	1h 55m	$81K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$287.7
Price spread: +0.002% → +0.009%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$297.38
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 3 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, 4 min ago	3.16 bp	doesn't fit	30.5 bp −$305	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	9.83 bp	16.6 bp −$17	38.4 bp −$384	doesn't fit	doesn't fit

AMD on 30 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 AMDUSDCshort	−0.0647%	4h	621.12	+0.002%	$81K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	621.34	+0.038%	$1K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.12	+0.003%	$122K	$595K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.65	−0.073%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0017%	8h	621.38	+0.045%	$4.5M	$13.2M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.83	−0.044%	$852K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.511%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.97	−0.021%	$144K	$263K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.06	−0.168%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0057%	1h	622.18	+0.173%	—	$923K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	621.29	+0.030%	$2.1M	$12.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.54	−0.091%	$1.9M	$285K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.25	+0.024%	$372	$6K	10x	as long as short
Polymarket Perps AMD-USD	+0.0133%	1h	620.86	−0.039%	$398K	$1.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.72	−0.223%	$305K	$1.8M	10x	as long as short
Bitget AMDUSDT	+0.0178%	8h	621.33	+0.037%	$10.3M	$17.1M	20x	as long as short
tradeXYZ xyz:AMD	+0.0210%	1h	620.70	−0.065%	$25.1M	$93.6M	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.80	−0.049%	$2K	$90K	10x	as long as short
Lighter AMD	+0.0272%	1h	620.96	−0.023%	$549K	$2.4M	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.41	+0.050%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0293%	8h	620.96	−0.023%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0373%	1h	620.56	−0.087%	$268K	$210K	10x	as long as short
Aster AMDUSDT	+0.0409%	8h	621.11	+0.001%	$72K	$412K	50x	as long as short
SoDEX AMD-USD	+0.0434%	1h	621.01	−0.015%	$25K	$24K	10x	as long as short
ApeX Omni AMDUSDT	+0.0572%	1h	621.27	+0.027%	$80K	$258K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0588%	1h	620.92	−0.029%	$77K	$151K	10x	as long as short
Variational Omni AMDlong	+0.0723%	8h	621.10	long leg	$2.6M	$3.3M	—
GRVT AMD_USDT_Perp	+0.0767%	8h	621.20	+0.016%	$18K	$134K	10x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	621.20	+0.016%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0786%	8h	621.31	+0.034%	$75.5M	$190.0M	25x	as long as short