Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.122%

Price spread now: Lighter against Arcus−0.026%7-day average +0.045% · 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−$28as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.026%, 7d avg +0.045%

Together, before fees+0.086%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.071% cheaper against Arcus than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AMD-USD	622.72	0.0040	pay 0.0005% / 1h	50m 00s	$145K	$264K	10x
Short	Lighter AMD	622.56	0.0040	get 0.0005% / 1h	50m 00s	$536K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$0.06
Price spread: −0.026% → +0.045%: −$7.08
Slippage, 4 orders: −$16.09
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.73
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Arcus: live order book, 18 min ago; Lighter: live order book, 12 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, 18 min ago	4.49 bp	8.0 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	0.32 bp	1.6 bp −$2	6.1 bp −$61	82.3 bp −$8,232	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	−0.0927%	4h	622.08	−0.103%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.94	+0.035%	$1K	$8.5M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.92	+0.032%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.52	−0.032%	$839K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.766%	$5K	$55K	12x	as long as short
Lighter AMDshort	+0.0040%	1h	622.56	−0.026%	$536K	$2.4M	10x
Arcus AMD-USDlong	+0.0040%	1h	622.72	long leg	$145K	$264K	10x
Polymarket Perps AMD-USD	+0.0050%	1h	622.67	−0.008%	$397K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.06	−0.106%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0063%	1h	624.14	+0.228%	—	$924K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AMD-USD	+0.0071%	1h	622.75	+0.005%	$26K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.94	+0.035%	$2.2M	$12.6M	10x	as long as short
Gate AMD_USDT	+0.0100%	8h	622.83	+0.018%	$4.5M	$13.2M	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.53	−0.031%	$1.9M	$295K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.23	−0.079%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.85	+0.021%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0105%	1h	622.37	−0.056%	$25.1M	$93.3M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	623.02	+0.048%	$300K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0152%	1h	622.46	−0.042%	$77K	$151K	10x	as long as short
HTX AMD-USDT	+0.0184%	8h	622.86	+0.022%	$132K	$579K	20x	as long as short
Phoenix AMD	+0.0244%	1h	621.52	−0.193%	$2K	$90K	10x	as long as short
Nado AMD-PERP	+0.0269%	1h	622.51	−0.033%	$276K	$197K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	623.19	+0.076%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0277%	8h	622.81	+0.014%	$6.9M	$28.3M	25x	as long as short
Aster AMDUSDT	+0.0416%	8h	622.47	−0.040%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0634%	8h	622.98	+0.042%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0728%	8h	622.86	+0.022%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	622.82	+0.016%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0777%	8h	622.87	+0.024%	$75.6M	$190.5M	25x	as long as short
BloFin AMD-USDT	+0.0783%	8h	622.98	+0.042%	$7K	$551K	20x	as long as short
GRVT AMD_USDT_Perp	+0.1159%	8h	622.09	−0.101%	$18K	$131K	10x	as long as short