Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.095%

Price spread now: Variational Omni against Vest−0.045%7-day average −0.300% · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.180%−$18 · spread now −0.045%, 7d avg −0.300%

Together, before fees−0.114%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Variational Omni is 0.255% dearer against Vest than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.300%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.066% in total (about 7.6% 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	Vest AMD-USD-PERP	617.29	0.0046	pay 0.0006% / 1h	47m 23s	—	$949K	25x
Short	Variational Omni AMD	617.01	0.0374	get 0.0374% / 8h	1h 47m	$2.7M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $68.85
Price spread: −0.045% → −0.300%: $25.51
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $92.36
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 2 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.49 bp	doesn't fit	19.5 bp −$195	doesn't fit	doesn't fit

Vest: 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	−0.0456%	4h	617.00	−0.048%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	616.74	−0.089%	$4.3M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	616.77	−0.084%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.38	−0.147%	$127K	$578K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.24	−0.170%	$1.7M	$460K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0006%	8h	616.63	−0.107%	$6.8M	$28.5M	25x	as long as short
Lighter RH AMD	+0.0032%	1h	616.26	−0.167%	$825K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.902%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERPlong	+0.0046%	1h	617.29	long leg	—	$949K	25x
Polymarket Perps AMD-USD	+0.0050%	1h	616.46	−0.134%	$406K	$1.6M	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.P	+0.0050%	1h	615.97	−0.214%	$1.4M	$4.8M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	616.41	−0.143%	$310K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	616.60	−0.112%	$2.3M	$13.2M	10x	as long as short
tradeXYZ xyz:AMD	+0.0083%	1h	616.08	−0.196%	$24.9M	$95.7M	10x	as long as short
Aster AMDUSDT	+0.0088%	8h	616.93	−0.058%	$71K	$414K	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.21	−0.175%	$1.9M	$323K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.60	−0.112%	$376	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0109%	1h	617.06	−0.037%	$79K	$259K	50x	as long as short
Phoenix AMD	+0.0169%	1h	616.50	−0.128%	$2K	$94K	10x	as long as short
SoDEX AMD-USD	+0.0181%	1h	616.60	−0.112%	$25K	$24K	10x	as long as short
Aevo AMD-PERP	+0.0192%	1h	616.99	−0.048%	$11K	—	10x	as long as short
Lighter AMD	+0.0208%	1h	616.38	−0.147%	$538K	$2.6M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0360%	8h	616.98	−0.050%	$18K	$140K	10x	as long as short
Variational Omni AMDshort	+0.0374%	8h	617.01	−0.045%	$2.7M	$3.1M	—
Deribit AMD_USDC-PERPETUAL	+0.0383%	1h	616.55	−0.120%	$77K	$163K	10x	as long as short
BloFin AMD-USDT	+0.0407%	8h	617.04	−0.040%	$6K	$541K	20x	as long as short
Extended AMD_24_5-USD	+0.0432%	1h	616.68	−0.099%	$456K	$1.5M	10x	as long as short
Nado AMD-PERP	+0.0434%	1h	616.09	−0.194%	$314K	$166K	10x	as long as short
Binance AMDUSDT	+0.0434%	8h	616.76	−0.086%	$74.9M	$193.0M	25x	as long as short
Bitget AMDUSDT	+0.0482%	8h	616.73	−0.091%	$10.1M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.0780%	1h	616.59	−0.113%	$142K	$282K	10x	as long as short