Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0214%/8h= +23.5% APRpaid last 24h +0.096%

Price spread now: BloFin against Polymarket Perps+0.122%45s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as 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−$320.315% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.122%, 7d avg +0.072%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.050% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 45 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 0.095% in total (about 5.0% 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	Polymarket Perps AMD-USD	613.01	0.0050	pay 0.0006% / 1h	11m 44s	$395K	$1.6M	10x
Short	BloFin AMD-USDT	613.76	0.0264	get 0.0264% / 8h	11m 44s	$6K	$554K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.122%Rate

Funding earned: $45.03
Price spread: +0.122% → +0.072%: $5
Slippage, 4 orders: −$11.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.5
Costs to cover: 0.315%
Break-even: 4.1 days

Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: live order book, 4 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 Polymarket Perps live order book, 2 min ago	2.04 bp	6.0 bp −$6	6.0 bp −$60	8.9 bp −$889	doesn't fit
Sell BloFin live order book, 4 min ago	1.30 bp	9.3 bp −$9	12.2 bp −$122	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	−0.0825%	4h	613.09	+0.013%	$73K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0259%	8h	613.27	+0.042%	$10.4M	$17.5M	20x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−10.094%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	612.59	−0.068%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.19	+0.029%	$4.5M	$14.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.05	+0.007%	$1K	$8.0M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	612.68	−0.054%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.07	+0.010%	$100K	$634K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.25	+0.039%	$1.7M	$466K	10x	as long as short
Lighter AMD	+0.0032%	1h	612.64	−0.060%	$523K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMD	+0.0032%	1h	612.47	−0.088%	$795K	$4.8M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	613.22	+0.034%	$129K	$285K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.22	+0.197%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.26	−0.122%	$22.0M	$96.1M	10x	as long as short
Polymarket Perps AMD-USDlong	+0.0050%	1h	613.01	long leg	$395K	$1.6M	10x
SoDEX AMD-USD	+0.0050%	1h	612.90	−0.018%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.52	−0.080%	$1.4M	$5.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0065%	8h	612.91	−0.016%	$6.6M	$29.5M	25x	as long as short
QFEX AMD-USD	+0.0069%	1h	613.46	+0.073%	$2.0M	$11.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.87	−0.023%	$1.9M	$304K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	613.04	+0.005%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.90	−0.018%	$367	$6K	10x	as long as short
Nado AMD-PERP	+0.0118%	1h	612.79	−0.036%	$255K	$241K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	612.53	−0.078%	$312K	$1.9M	10x	as long as short
Aevo AMD-PERP	+0.0144%	1h	613.11	+0.017%	$11K	—	10x	as long as short
Phoenix AMD	+0.0157%	1h	612.45	−0.091%	$2K	$90K	10x	as long as short
Variational Omni AMD	+0.0163%	8h	613.00	−0.001%	$2.0M	$3.8M	—	as long as short
GRVT AMD_USDT_Perp	+0.0171%	8h	613.18	+0.028%	$20K	$181K	10x	as long as short
Extended AMD_24_5-USD	+0.0248%	1h	612.89	−0.019%	$459K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0250%	8h	612.73	−0.045%	$72.0M	$204.8M	25x	as long as short
BloFin AMD-USDTshort	+0.0264%	8h	613.76	+0.122%	$6K	$554K	20x