Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.033%

Price spread now: SunX against Lighter+0.064%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2612.609% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.064%, 7d avg +0.021%

Together, before fees−0.589%+ Points / potential airdropLighter: Season 3 · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.043% dearer against Lighter than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.021%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.169% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	620.82	0.0208	pay 0.0026% / 1h	37m 45s	$546K	$2.4M	10x
Short	SunX AMD-USDT	621.22	0	get 0.0000% / 8h	5h 37m	$2K	$8.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$43.68
Price spread: +0.064% → +0.021%: $4.29
Slippage, 4 orders: −$252.9
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$300.29
Costs to cover: 2.609%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; SunX: live order book, 11 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, 9 min ago	1.13 bp	1.1 bp −$1	3.3 bp −$33	28.9 bp −$2,892	doesn't fit
Sell SunX live order book, 11 min ago	45.00 bp	130.4 bp −$130	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	−0.0923%	4h	620.60	−0.035%	$81K	$1.6M	10x	as long as short
SunX AMD-USDTshort	0.0000%	8h	621.22	+0.064%	$2K	$8.3M	10x
HTX AMD-USDT	0.0000%	8h	621.17	+0.056%	$122K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.35	+0.085%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0003%	8h	621.40	+0.093%	$4.5M	$13.3M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.70	−0.019%	$850K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.466%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.89	+0.011%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.76	−0.010%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.13	−0.111%	$1.5M	$4.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0055%	1h	621.78	+0.155%	—	$923K	25x	as long as short
Bitget AMDUSDT	+0.0075%	8h	621.37	+0.089%	$10.3M	$17.1M	20x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.99	+0.027%	$2.1M	$12.0M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.56	−0.042%	$1.9M	$283K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.27	−0.089%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.26	+0.071%	$372	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0135%	1h	620.73	−0.014%	$25.1M	$93.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.97	−0.137%	$300K	$1.8M	10x	as long as short
SoDEX AMD-USD	+0.0168%	1h	620.96	+0.023%	$25K	$24K	10x	as long as short
Lighter AMDlong	+0.0208%	1h	620.82	long leg	$546K	$2.4M	10x
Phoenix AMD	+0.0245%	1h	620.22	−0.097%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.48	+0.106%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0298%	8h	620.94	+0.019%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0301%	1h	620.37	−0.072%	$268K	$213K	10x	as long as short
Aster AMDUSDT	+0.0403%	8h	620.70	−0.019%	$72K	$412K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0572%	1h	620.78	−0.006%	$77K	$151K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0713%	8h	620.49	−0.052%	$18K	$136K	10x	as long as short
Variational Omni AMD	+0.0716%	8h	620.48	−0.055%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0775%	8h	621.30	+0.077%	$7K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.19	+0.060%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0778%	8h	621.34	+0.085%	$75.6M	$190.0M	25x	as long as short