Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1119%/8h= −122.5% APRpaid last 24h −0.058%

Price spread now: Lighter against GRVT+0.076%78s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as 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−$170.171% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.076%, 7d avg −0.019%

Together, before fees−0.085%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.095% dearer against GRVT than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.019%): +$10 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% 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	GRVT AMD_USDT_Perp	622.09	0.1159	pay 0.1159% / 8h	6h 49m	$18K	$131K	10x
Short	Lighter AMD	622.56	0.0040	get 0.0005% / 1h	49m 59s	$536K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$234.99
Price spread: +0.076% → −0.019%: $9.5
Slippage, 4 orders: −$8.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$242.56
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from GRVT: live order book, 17 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 GRVT live order book, 17 min ago	0.24 bp	8.0 bp −$8	10941.9 bp −$109.4K	199354.2 bp −$19.94M	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	−0.002%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.94	+0.137%	$1K	$8.5M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.92	+0.133%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.52	+0.069%	$839K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.667%	$5K	$55K	12x	as long as short
Lighter AMDshort	+0.0040%	1h	622.56	+0.076%	$536K	$2.4M	10x
Arcus AMD-USD	+0.0040%	1h	622.72	+0.101%	$145K	$264K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	622.67	+0.093%	$397K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.06	−0.005%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0063%	1h	624.14	+0.330%	—	$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	+0.106%	$26K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.94	+0.137%	$2.2M	$12.6M	10x	as long as short
Gate AMD_USDT	+0.0100%	8h	622.83	+0.119%	$4.5M	$13.2M	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.53	+0.071%	$1.9M	$295K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.23	+0.023%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.85	+0.122%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0105%	1h	622.37	+0.045%	$25.1M	$93.3M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	623.02	+0.149%	$300K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0152%	1h	622.46	+0.059%	$77K	$151K	10x	as long as short
HTX AMD-USDT	+0.0184%	8h	622.86	+0.124%	$132K	$579K	20x	as long as short
Phoenix AMD	+0.0244%	1h	621.52	−0.092%	$2K	$90K	10x	as long as short
Nado AMD-PERP	+0.0269%	1h	622.51	+0.068%	$276K	$197K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	623.19	+0.178%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0277%	8h	622.81	+0.116%	$6.9M	$28.3M	25x	as long as short
Aster AMDUSDT	+0.0416%	8h	622.47	+0.061%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0634%	8h	622.98	+0.143%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0728%	8h	622.86	+0.124%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	622.82	+0.117%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0777%	8h	622.87	+0.125%	$75.6M	$190.5M	25x	as long as short
BloFin AMD-USDT	+0.0783%	8h	622.98	+0.143%	$7K	$551K	20x	as long as short
GRVT AMD_USDT_Perplong	+0.1159%	8h	622.09	long leg	$18K	$131K	10x