Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.007%

Price spread now: Aster against Lighter+0.038%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.038%, 7d avg +0.015%

Together, before fees−0.004%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.023% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	620.14	0.0184	pay 0.0023% / 1h	31m 30s	$525K	$2.5M	10x
Short	Aster AMDUSDT	620.38	0.0213	get 0.0213% / 8h	31m 30s	$72K	$416K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $6.18
Price spread: +0.038% → +0.015%: $2.32
Slippage, 4 orders: −$22.3
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.8
Costs to cover: 0.303%
Break-even: 31.7 days

Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 46 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 Lighter live order book, 5 min ago	1.53 bp	1.7 bp −$2	3.8 bp −$38	56.5 bp −$5,652	doesn't fit
Sell Aster live order book, 46 min ago	2.83 bp	10.7 bp −$11	doesn't fit	doesn't fit	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	−0.0270%	4h	620.28	+0.022%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.63	+0.079%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.49	+0.056%	$1K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.41	+0.044%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.90	−0.039%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.05	−0.015%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.358%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.25	+0.179%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.05	−0.015%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.70	−0.071%	$1.5M	$4.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	620.39	+0.040%	$2.3M	$13.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.082%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.06	−0.013%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.17	+0.005%	$378	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0108%	1h	620.00	−0.023%	$80K	$258K	50x	as long as short
tradeXYZ xyz:AMD	+0.0127%	1h	619.96	−0.029%	$24.8M	$94.6M	10x	as long as short
SoDEX AMD-USD	+0.0133%	1h	620.41	+0.044%	$25K	$24K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0142%	8h	620.40	+0.042%	$6.8M	$28.6M	25x	as long as short
Lighter AMDlong	+0.0184%	1h	620.14	long leg	$525K	$2.5M	10x
Phoenix AMD	+0.0207%	1h	620.14	0.000%	$2K	$92K	10x	as long as short
Aster AMDUSDTshort	+0.0213%	8h	620.38	+0.038%	$72K	$416K	50x
Aevo AMD-PERP	+0.0216%	1h	620.69	+0.088%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0485%	8h	620.41	+0.044%	$17K	$134K	10x	as long as short
Nado AMD-PERP	+0.0489%	1h	619.70	−0.072%	$317K	$167K	10x	as long as short
Variational Omni AMD	+0.0500%	8h	620.42	+0.046%	$2.7M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.43	+0.047%	$464K	$1.5M	10x	as long as short
Bitget AMDUSDT	+0.0544%	8h	620.27	+0.021%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDT	+0.0548%	8h	620.51	+0.060%	$75.5M	$192.4M	25x	as long as short
BloFin AMD-USDT	+0.0569%	8h	620.45	+0.050%	$6K	$545K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0638%	1h	620.20	+0.010%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.27	+0.021%	$145K	$265K	10x	as long as short