Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h +0.002%

Price spread now: OKX against Polymarket Perps+0.119%47s7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$270.266% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.183%+$18 · spread now +0.119%, 7d avg +0.073%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.046% 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 +0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AMD-USD	620.26	0.0050	pay 0.0006% / 1h	47m 43s	$398K	$1.5M	10x
Short	OKX AMD-USDT-SWAP	621.00	0.0225	get 0.0225% / 8h	3h 47m	$6.9M	$28.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $36.75
Price spread: +0.119% → +0.073%: $4.65
Slippage, 4 orders: −$8.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $14.77
Costs to cover: 0.266%
Break-even: 4.2 days

Slippage from Polymarket Perps: live order book, 1 min ago; OKX: 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 Polymarket Perps live order book, 1 min ago	0.08 bp	6.8 bp −$7	7.9 bp −$79	10.5 bp −$1,052	doesn't fit
Sell OKX live order book, 1 min ago	1.21 bp	7.4 bp −$7	9.9 bp −$99	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	−0.0421%	4h	621.82	+0.251%	$79K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	621.06	+0.129%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	621.14	+0.142%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	620.71	+0.073%	$2K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.51	+0.040%	$118K	$622K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.89	+0.102%	$1.8M	$460K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0024%	1h	620.23	−0.005%	$77K	$151K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.74	+0.077%	$850K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.377%	$5K	$55K	12x	as long as short
Lighter AMD	+0.0040%	1h	620.81	+0.089%	$549K	$2.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	620.89	+0.102%	$144K	$265K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	621.01	+0.121%	$2.1M	$11.6M	10x	as long as short
Polymarket Perps AMD-USDlong	+0.0050%	1h	620.26	long leg	$398K	$1.5M	10x
SoDEX AMD-USD	+0.0050%	1h	620.06	−0.032%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.95	−0.050%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0065%	1h	621.48	+0.197%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	619.19	−0.173%	$314K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.71	+0.073%	$1.9M	$292K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.50	+0.200%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.43	+0.027%	$371	$6K	10x	as long as short
Nado AMD-PERP	+0.0114%	1h	619.92	−0.054%	$267K	$231K	10x	as long as short
Phoenix AMD	+0.0141%	1h	620.96	+0.113%	$2K	$90K	10x	as long as short
tradeXYZ xyz:AMD	+0.0154%	1h	620.74	+0.077%	$23.6M	$94.4M	10x	as long as short
Aster AMDUSDT	+0.0205%	8h	620.94	+0.110%	$72K	$412K	50x	as long as short
Aevo AMD-PERP	+0.0224%	1h	620.75	+0.079%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAPshort	+0.0225%	8h	621.00	+0.119%	$6.9M	$28.1M	25x
GRVT AMD_USDT_Perp	+0.0284%	8h	621.97	+0.276%	$18K	$152K	10x	as long as short
Variational Omni AMD	+0.0499%	8h	621.29	+0.165%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0559%	8h	621.10	+0.135%	$72.9M	$195.6M	25x	as long as short
Extended AMD_24_5-USD	+0.0560%	1h	620.72	+0.074%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0585%	8h	619.93	−0.053%	$7K	$548K	20x	as long as short