Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0819%/8h= −89.6% APRpaid last 24h −0.103%

Price spread now: KuCoin against Arcus−0.027%7-day average −0.013% · 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−$76as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.027%, 7d avg −0.013%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$25 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 -0.096% in total (about -10.3% 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	Arcus AMD-USD	620.32	0.0919	pay 0.0115% / 1h	40m 25s	$145K	$265K	10x
Short	KuCoin AMDUSDTM	620.15	0.0100	get 0.0100% / 8h	40m 25s	$1.9M	$314K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$171.89
Price spread: −0.027% → −0.013%: −$1.47
Slippage, 4 orders: −$58.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$248.07
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from Arcus: live order book, 38 min ago; KuCoin: 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 Arcus live order book, 38 min ago	3.47 bp	5.9 bp −$6	8.2 bp −$82	11.7 bp −$1,168	doesn't fit
Sell KuCoin live order book, 1 min ago	9.11 bp	43.6 bp −$44	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	−0.0624%	4h	620.62	+0.049%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.46	+0.023%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.15	−0.027%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.03	−0.047%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.66	−0.106%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.88	−0.071%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.386%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.24	+0.148%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.48	−0.135%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0055%	1h	620.09	−0.037%	$395K	$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
QFEX AMD-USD	+0.0080%	1h	620.32	0.000%	$2.3M	$13.4M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.111%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTMshort	+0.0100%	8h	620.15	−0.027%	$1.9M	$314K	20x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.06	−0.042%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0125%	1h	619.88	−0.071%	$24.8M	$94.8M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0130%	8h	620.35	+0.005%	$6.8M	$28.6M	25x	as long as short
SoDEX AMD-USD	+0.0190%	1h	620.11	−0.034%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0207%	1h	620.31	−0.002%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.52	+0.032%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0222%	8h	620.48	+0.025%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0232%	1h	619.99	−0.053%	$525K	$2.5M	10x	as long as short
ApeX Omni AMDUSDT	+0.0296%	1h	619.99	−0.053%	$80K	$259K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0495%	8h	620.56	+0.039%	$17K	$134K	10x	as long as short
Variational Omni AMD	+0.0503%	8h	620.85	+0.085%	$2.7M	$3.2M	—	as long as short
Nado AMD-PERP	+0.0523%	1h	619.84	−0.078%	$317K	$167K	10x	as long as short
BloFin AMD-USDT	+0.0539%	8h	620.27	−0.008%	$6K	$545K	20x	as long as short
Bitget AMDUSDT	+0.0547%	8h	620.30	−0.003%	$10.1M	$18.1M	20x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.31	−0.001%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0553%	8h	620.50	+0.029%	$75.7M	$192.4M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0622%	1h	620.05	−0.044%	$77K	$163K	10x	as long as short
Arcus AMD-USDlong	+0.0919%	1h	620.32	long leg	$145K	$265K	10x