Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.117%

Price spread now: Aster against Arcus−0.211%56s7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.508%+$51 · spread now −0.211%, 7d avg +0.060%

Together, before fees+0.387%+ Points / potential airdropAster: Stage 5 · farm board+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.271% cheaper against Arcus than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.060%). Swap the legs. The two prices were read 56 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 3 days it paid -0.121% in total (about -12.8% 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	Arcus AMD-USD	623.88	0.0782	pay 0.0098% / 1h	6m 41s	$145K	$264K	10x
Short	Aster AMDUSDT	622.57	0.0411	get 0.0411% / 8h	7h 06m	$72K	$416K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$77.85
Price spread: −0.211% → +0.060%: −$27.09
Slippage, 4 orders: −$32.11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$149.56
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Aster: live order book, 66 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 Arcus live order book, 2 min ago	4.49 bp	8.0 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 66 min ago	2.58 bp	13.4 bp −$13	doesn't fit	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	−0.0797%	4h	623.99	+0.017%	$82K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	624.38	+0.080%	$1K	$8.5M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	624.24	+0.058%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	623.19	−0.111%	$853K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.949%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.84	−0.167%	$1.5M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0059%	1h	624.97	+0.175%	—	$925K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	624.11	+0.037%	$2.2M	$12.9M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	623.62	−0.042%	$1.9M	$302K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	624.05	+0.027%	$373	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.02	−0.138%	$300K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	623.34	−0.087%	$546K	$2.4M	10x	as long as short
Phoenix AMD	+0.0219%	1h	623.71	−0.027%	$2K	$92K	10x	as long as short
Polymarket Perps AMD-USD	+0.0237%	1h	623.75	−0.021%	$398K	$1.5M	10x	as long as short
Gate AMD_USDT	+0.0238%	8h	624.11	+0.037%	$4.5M	$13.6M	50x	as long as short
tradeXYZ xyz:AMD	+0.0269%	1h	623.06	−0.131%	$25.2M	$93.2M	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	624.36	+0.077%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0283%	8h	623.43	−0.072%	$7.0M	$28.3M	25x	as long as short
SoDEX AMD-USD	+0.0344%	1h	623.83	−0.008%	$26K	$24K	10x	as long as short
ApeX Omni AMDUSDT	+0.0411%	1h	623.11	−0.123%	$80K	$259K	50x	as long as short
Aster AMDUSDTshort	+0.0411%	8h	622.57	−0.211%	$72K	$416K	50x
Nado AMD-PERP	+0.0420%	1h	623.27	−0.097%	$318K	$174K	10x	as long as short
HTX AMD-USDT	+0.0585%	8h	624.15	+0.043%	$132K	$579K	20x	as long as short
Variational Omni AMD	+0.0704%	8h	623.64	−0.038%	$2.6M	$3.2M	—	as long as short
Bitget AMDUSDT	+0.0713%	8h	623.72	−0.026%	$10.3M	$17.5M	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0745%	1h	623.58	−0.048%	$78K	$151K	10x	as long as short
Extended AMD_24_5-USD	+0.0768%	1h	623.88	−0.001%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0776%	8h	623.65	−0.037%	$75.9M	$190.4M	25x	as long as short
Arcus AMD-USDlong	+0.0782%	1h	623.88	long leg	$145K	$264K	10x
BloFin AMD-USDT	+0.0784%	8h	624.19	+0.050%	$6K	$552K	20x	as long as short
GRVT AMD_USDT_Perp	+0.1482%	8h	623.88	+0.001%	$18K	$131K	10x	as long as short