Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0669%/8h= +73.2% APRpaid last 24h +0.081%

Price spread now: Binance against ApeX Omni−0.034%89s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as 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−$340.336% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 2 days (all we have)+0.069%+$7 · spread now −0.034%, 7d avg +0.012%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.046% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.012%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$20 a day). The two prices were read 89 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 -0.045% in total (about -2.3% 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	ApeX Omni AMDUSDT	621.87	0.0100	pay 0.0013% / 1h	41m 58s	$80K	$258K	50x
Short	Binance AMDUSDT	621.66	0.0769	get 0.0769% / 8h	6h 41m	$75.4M	$190.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.034%Rate

Funding earned: $140.48
Price spread: −0.034% → +0.012%: −$4.57
Slippage, 4 orders: −$13.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $102.32
Costs to cover: 0.336%
Break-even: 1.9 days

Slippage from ApeX Omni: live order book, 25 min ago; Binance: live order book, 1 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 ApeX Omni live order book, 25 min ago	5.21 bp	10.2 bp −$10	38.4 bp −$384	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.08 bp	7.4 bp −$7	13.6 bp −$136	48.3 bp −$4,831	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	−0.0522%	4h	622.03	+0.026%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.56	−0.050%	$1K	$8.4M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.55	−0.051%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.25	−0.100%	$828K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.632%	$5K	$55K	12x	as long as short
HTX AMD-USDT	+0.0035%	8h	621.47	−0.064%	$132K	$578K	20x	as long as short
Lighter AMD	+0.0040%	1h	621.30	−0.092%	$536K	$2.4M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.06	+0.031%	$144K	$263K	10x	as long as short
Gate AMD_USDT	+0.0050%	8h	621.59	−0.045%	$4.5M	$13.2M	50x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.10	−0.124%	$396K	$1.5M	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	+0.0050%	1h	621.37	−0.080%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.80	−0.172%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0061%	1h	622.57	+0.113%	—	$924K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.44	−0.069%	$2.2M	$12.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0090%	1h	621.15	−0.116%	$25.0M	$93.4M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.32	−0.088%	$1.9M	$291K	20x	as long as short
ApeX Omni AMDUSDTlong	+0.0100%	1h	621.87	long leg	$80K	$258K	50x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.52	−0.056%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	623.02	+0.185%	$300K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0120%	1h	621.08	−0.127%	$77K	$151K	10x	as long as short
Phoenix AMD	+0.0244%	1h	621.86	−0.002%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.72	−0.024%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0272%	8h	621.37	−0.080%	$6.8M	$28.2M	25x	as long as short
Nado AMD-PERP	+0.0305%	1h	620.91	−0.154%	$268K	$202K	10x	as long as short
Aster AMDUSDT	+0.0406%	8h	621.63	−0.039%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0568%	8h	621.62	−0.040%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0724%	8h	622.34	+0.075%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0768%	1h	621.48	−0.063%	$464K	$1.9M	10x	as long as short
Binance AMDUSDTshort	+0.0769%	8h	621.66	−0.034%	$75.4M	$190.5M	25x
BloFin AMD-USDT	+0.0779%	8h	622.73	+0.138%	$7K	$551K	20x	as long as short
GRVT AMD_USDT_Perp	+0.0968%	8h	622.31	+0.071%	$17K	$131K	10x	as long as short