Funding you earn now, next payment 23:00 UTC+0.0511%/8h= +56.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.005%
Price spread now: Deribit against Lighter+0.008%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 5 days (all we have)+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.008%, 7d avg −0.024%
=Together, before fees−0.124%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Deribit is 0.032% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.024%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.020% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 per $10,000. 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 | Lighter AMD | 619.55 | 0.0192 | pay 0.0024% / 1h | 9m 29s | $535K | $2.6M | 10x |
| Short | Deribit AMD_USDC-PERPETUAL | 619.60 | 0.0703 | get 0.0088% / 1h | 9m 29s | $77K | $163K | 10x |
Lighter AMD
Deribit AMD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $107.34
- Price spread: +0.008% → −0.024%
- $3.18
- Slippage, 4 orders
- −$16.66
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $86.86
- Costs to cover
- 0.237%
- Break-even
- 1.3 days
Slippage from Lighter: live order book, 7 min ago; Deribit: live order book, 9 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, 7 min ago | 1.62 bp | 1.6 bp −$2 | 3.7 bp −$37 | 31.4 bp −$3,136 | doesn't fit |
| Sell Deribit live order book, 9 min ago | 5.57 bp | 10.4 bp −$10 | 14.1 bp −$141 | 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 | −0.0521% | 4h | 619.71 | +0.026% | $81K | $1.6M | 10x | as long as short |
| Gate AMD_USDT | 0.0000% | 8h | 619.89 | +0.055% | $4.4M | $13.6M | 50x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 620.13 | +0.094% | $2K | $9.0M | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 619.71 | +0.026% | $132K | $580K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 620.00 | +0.073% | $1.8M | $460K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 619.45 | −0.016% | $834K | $4.7M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.264% | $5K | $55K | 12x | as long as short |
| Vest AMD-USD-PERP | +0.0046% | 1h | 620.52 | +0.157% | — | $950K | 25x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 619.05 | −0.081% | $1.5M | $4.9M | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0054% | 1h | 619.46 | −0.015% | $395K | $1.6M | 10x | as long as short |
edgeX AMDUSDC
Gate AMD_USDT
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Vest AMD-USD-PERP
Ondo Perps AMD-USD.P
Polymarket Perps AMD-USDShow 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 | +0.006% | $6.8M | $28.7M | 25x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0072% | 1h | 618.86 | −0.111% | $311K | $1.8M | 10x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 619.71 | +0.026% | $2.3M | $13.3M | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0093% | 1h | 619.29 | −0.042% | $24.8M | $95.3M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 619.50 | −0.008% | $1.9M | $321K | 20x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 619.74 | +0.031% | $378 | $6K | 10x | as long as short |
| Phoenix AMD | +0.0169% | 1h | 619.21 | −0.055% | $2K | $94K | 10x | as long as short |
| Aster AMDUSDT | +0.0178% | 8h | 619.03 | −0.084% | $72K | $416K | 50x | as long as short |
| Lighter AMDlong | +0.0192% | 1h | 619.55 | long leg | $535K | $2.6M | 10x | |
| ApeX Omni AMDUSDT | +0.0194% | 1h | 619.34 | −0.034% | $80K | $259K | 50x | as long as short |
| Aevo AMD-PERP | +0.0208% | 1h | 620.17 | +0.099% | $11K | — | 10x | as long as short |
| SoDEX AMD-USD | +0.0266% | 1h | 619.80 | +0.040% | $25K | $24K | 10x | as long as short |
| Nado AMD-PERP | +0.0413% | 1h | 619.07 | −0.077% | $316K | $166K | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.0453% | 8h | 619.68 | +0.021% | $17K | $137K | 10x | as long as short |
| Variational Omni AMD | +0.0460% | 8h | 619.72 | +0.028% | $2.7M | $3.1M | — | as long as short |
| Extended AMD_24_5-USD | +0.0512% | 1h | 619.73 | +0.030% | $458K | $1.5M | 10x | as long as short |
| BloFin AMD-USDT | +0.0513% | 8h | 619.99 | +0.071% | $6K | $546K | 20x | as long as short |
| Binance AMDUSDT | +0.0513% | 8h | 619.85 | +0.048% | $75.6M | $193.1M | 25x | as long as short |
| Bitget AMDUSDT | +0.0520% | 8h | 619.62 | +0.011% | $10.1M | $18.2M | 20x | as long as short |
| Deribit AMD_USDC-PERPETUALshort | +0.0703% | 1h | 619.60 | +0.008% | $77K | $163K | 10x | |
| Arcus AMD-USD | +0.0780% | 1h | 619.65 | +0.016% | $145K | $267K | 10x | as long as short |
OKX AMD-USDT-SWAP
Coinbase International AMD-PERP-INTX
QFEX AMD-USD
tradeXYZ xyz:AMD
KuCoin AMDUSDTM
Orderly PERP_AMD_USDC_mythos
Phoenix AMD
Aster AMDUSDT
ApeX Omni AMDUSDT
Aevo AMD-PERP
SoDEX AMD-USD
Nado AMD-PERP
GRVT AMD_USDT_Perp
Variational Omni AMD
Extended AMD_24_5-USD
BloFin AMD-USDT
Binance AMDUSDT
Bitget AMDUSDT
Arcus AMD-USD