Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0713%/8h= +78.1% APRpaid last 24h +0.077%

Price spread now: Lighter against edgeX−0.026%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

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

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.026%, 7d avg −0.016%

Together, before fees+0.133%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% 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	edgeX AMDUSDC	619.71	−0.0521	get 0.0261% / 4h	1h 09m	$81K	$1.6M	10x
Short	Lighter AMD	619.55	0.0192	get 0.0024% / 1h	9m 23s	$535K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.026%Rate

Funding earned: $149.75
Price spread: −0.026% → −0.016%: −$1
Slippage, 4 orders: −$17.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $122.69
Costs to cover: 0.261%
Break-even: 1.3 days

Slippage from edgeX: live order book, 5 min ago; Lighter: live order book, 8 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 edgeX live order book, 5 min ago	4.52 bp	11.9 bp −$12	33.8 bp −$338	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.62 bp	2.6 bp −$3	5.1 bp −$51	35.3 bp −$3,529	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 AMDUSDClong	−0.0521%	4h	619.71	long leg	$81K	$1.6M	10x
Gate AMD_USDT	0.0000%	8h	619.87	+0.025%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.13	+0.067%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.71	−0.001%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.00	+0.046%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.45	−0.042%	$834K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.290%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	620.52	+0.130%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.05	−0.107%	$1.5M	$4.9M	10x	as long as short
Polymarket Perps AMD-USD	+0.0054%	1h	619.46	−0.041%	$395K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AMD-USDT-SWAP	+0.0066%	8h	619.59	−0.020%	$6.8M	$28.7M	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	618.86	−0.138%	$311K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.71	−0.001%	$2.3M	$13.3M	10x	as long as short
tradeXYZ xyz:AMD	+0.0093%	1h	619.24	−0.076%	$24.8M	$95.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.49	−0.036%	$1.9M	$320K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.65	−0.010%	$378	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.21	−0.081%	$2K	$94K	10x	as long as short
Aster AMDUSDT	+0.0178%	8h	619.04	−0.109%	$72K	$416K	50x	as long as short
Lighter AMDshort	+0.0192%	1h	619.55	−0.026%	$535K	$2.6M	10x
ApeX Omni AMDUSDT	+0.0194%	1h	619.34	−0.060%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0208%	1h	620.03	+0.051%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0265%	1h	619.71	−0.001%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0413%	1h	619.07	−0.104%	$316K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0453%	8h	619.68	−0.005%	$17K	$137K	10x	as long as short
Variational Omni AMD	+0.0460%	8h	619.72	+0.001%	$2.7M	$3.1M	—	as long as short
Extended AMD_24_5-USD	+0.0512%	1h	619.73	+0.003%	$458K	$1.5M	10x	as long as short
BloFin AMD-USDT	+0.0513%	8h	619.99	+0.045%	$6K	$546K	20x	as long as short
Binance AMDUSDT	+0.0513%	8h	619.83	+0.019%	$75.6M	$193.1M	25x	as long as short
Bitget AMDUSDT	+0.0520%	8h	619.62	−0.015%	$10.1M	$18.2M	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0574%	1h	619.51	−0.033%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0780%	1h	619.65	−0.010%	$145K	$267K	10x	as long as short