AMD Funding Rate — AMD tokenized stock perpetuals across 12 venues
Tokenized stock (xStock) perpetual · compared across 12 venues · net of estimated fees · updated every few minutes
AMD represents tokenized exposure to AMD shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized AMD perpetual funding across all 12 venues Perpia tracks. Right now AMD funding is positive on 6 and negative on 0, ranging from +12.3% on Nado to +0.0% on Ostium — a spread of 12.3%. The widest delta-neutral trade is long Variational / short Nado at 9.4% net APR.
AMD funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
AMD funding rate by venue
37 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Nado↗ | +12.3% | 24h |
| KuCoin↗ | +10.9% | 8h |
| Hyperliquid↗ | +5.5% | 1h |
| trade.xyz↗ | +5.5% | 1h |
| Arcus↗ | +4.2% | 1h |
| Lighter↗ | +3.5% | 8h |
| Variational↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Bitget↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
| Ostium↗ | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs Nado page.
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AMD funding — FAQ
Is AMD funding positive right now?
AMD perpetual funding is positive on 6 of 12 venues Perpia tracks. The highest is +12.3% on Nado; the lowest is +0.0% on Ostium.
What is the best AMD funding arbitrage right now?
Go long Variational and short Nado for about 9.4% net APR after fees — the widest delta-neutral AMD spread Perpia currently sees.
Which exchange has the highest AMD funding rate?
Nado, at +12.3% annualized. Funding shifts continuously, so check the live table above before trading.
How AMD funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
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