Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.052%

Price spread now: Lighter against Bitget−0.113%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.113%, 7d avg −0.010%

Together, before fees+0.168%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Lighter is 0.103% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% 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	Bitget AMDUSDT	621.40	0.0412	pay 0.0412% / 8h	6h 30m	$10.3M	$17.3M	20x
Short	Lighter AMD	620.70	0.0120	get 0.0015% / 1h	30m 36s	$549K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$61.32
Price spread: −0.113% → −0.010%: −$10.29
Slippage, 4 orders: −$14.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$97.67
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 6 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 Bitget live order book, 3 min ago	1.21 bp	11.6 bp −$12	21.6 bp −$216	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.97 bp	1.3 bp −$1	8.3 bp −$83	71.4 bp −$7,143	doesn't fit

AMD on 30 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	−0.0170%	4h	620.45	−0.152%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.02	−0.061%	$2K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.67	−0.117%	$121K	$598K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.18	−0.035%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0002%	8h	621.44	+0.006%	$4.6M	$13.3M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.60	−0.129%	$842K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.558%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.76	−0.103%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.97	−0.069%	$396K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.69	−0.275%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0060%	1h	621.84	+0.071%	—	$924K	25x	as long as short
SoDEX AMD-USD	+0.0072%	1h	620.90	−0.080%	$25K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.23	−0.027%	$2.2M	$12.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.54	−0.138%	$1.9M	$289K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.51	−0.143%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.62	−0.126%	$371	$6K	10x	as long as short
Lighter AMDshort	+0.0120%	1h	620.70	−0.113%	$549K	$2.4M	10x
Coinbase International AMD-PERP-INTX	+0.0120%	1h	620.08	−0.212%	$299K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0131%	1h	620.64	−0.122%	$25.0M	$93.5M	10x	as long as short
Phoenix AMD	+0.0244%	1h	619.90	−0.241%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.27	−0.022%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0273%	8h	621.15	−0.040%	$6.9M	$28.2M	25x	as long as short
Nado AMD-PERP	+0.0364%	1h	620.41	−0.159%	$268K	$204K	10x	as long as short
Aster AMDUSDT	+0.0391%	8h	621.11	−0.046%	$72K	$416K	50x	as long as short
Bitget AMDUSDTlong	+0.0412%	8h	621.40	long leg	$10.3M	$17.3M	20x
Deribit AMD_USDC-PERPETUAL	+0.0702%	1h	620.52	−0.142%	$77K	$151K	10x	as long as short
Variational Omni AMD	+0.0706%	8h	620.91	−0.079%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0760%	1h	621.27	−0.021%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0760%	8h	621.53	+0.021%	$75.5M	$190.9M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0802%	8h	620.34	−0.170%	$17K	$132K	10x	as long as short