Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.003%

Price spread now: Orderly against Lighter+0.023%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.023% dearer against Lighter than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	621.31	0.0232	pay 0.0029% / 1h	13m 47s	$544K	$2.5M	10x
Short	Orderly PERP_AMD_USDC_mythos	621.45	0.0100	get 0.0100% / 8h	5h 13m	$372	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.023%Rate

Funding earned: −$27.72
Price spread: +0.023% → 0.000%: $2.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.47
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	1.21 bp	1.3 bp −$1	4.5 bp −$45	54.5 bp −$5,446	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0058%	4h	621.59	+0.045%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.56	+0.040%	$1K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.33	+0.003%	$122K	$597K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.65	+0.055%	$1.8M	$459K	10x	as long as short
Gate AMD_USDT	+0.0013%	8h	621.76	+0.072%	$4.5M	$13.3M	50x	as long as short
Bitget AMDUSDT	+0.0021%	8h	621.61	+0.048%	$10.3M	$17.0M	20x	as long as short
Lighter RH AMD	+0.0032%	1h	621.11	−0.032%	$854K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.544%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.41	+0.016%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.12	−0.031%	$398K	$1.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	620.71	−0.097%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0053%	1h	622.55	+0.200%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.45	+0.023%	$2.1M	$11.9M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.00	−0.050%	$1.9M	$281K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.24	−0.011%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythosshort	+0.0100%	8h	621.45	+0.023%	$372	$6K	10x
Coinbase International AMD-PERP-INTX	+0.0136%	1h	620.69	−0.100%	$300K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0153%	1h	621.01	−0.048%	$77K	$151K	10x	as long as short
tradeXYZ xyz:AMD	+0.0166%	1h	621.12	−0.031%	$25.1M	$93.7M	10x	as long as short
SoDEX AMD-USD	+0.0209%	1h	621.44	+0.021%	$25K	$24K	10x	as long as short
Lighter AMDlong	+0.0232%	1h	621.31	long leg	$544K	$2.5M	10x
Phoenix AMD	+0.0245%	1h	621.30	−0.002%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.78	+0.076%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0309%	8h	621.52	+0.034%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0321%	1h	620.85	−0.073%	$269K	$217K	10x	as long as short
Aster AMDUSDT	+0.0394%	8h	621.00	−0.049%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0692%	8h	621.63	+0.052%	$18K	$138K	10x	as long as short
Variational Omni AMD	+0.0718%	8h	621.62	+0.051%	$2.6M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.40	+0.015%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0777%	8h	621.61	+0.048%	$75.6M	$189.9M	25x	as long as short
BloFin AMD-USDT	+0.0801%	8h	621.73	+0.068%	$7K	$548K	20x	as long as short