Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.030%

Price spread now: Aster against Lighter RH−0.054%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.054%, 7d avg +0.043%

Together, before fees+0.226%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.097% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.043%). If the spread goes back, that is −$10 on $10k: about 44 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AMD	620.14	0.0032	pay 0.0004% / 1h	53m 56s	$835K	$4.6M	10x
Short	Aster AMDUSDT	619.80	0.0206	get 0.0206% / 8h	53m 56s	$72K	$416K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now −0.054%Rate

Funding earned: $36.64
Price spread: −0.054% → +0.043%: −$9.66
Slippage, 4 orders: −$23.97
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.99
Costs to cover: 0.320%
Break-even: 8.0 days

Slippage from Lighter RH: live order book, 4 min ago; Aster: live order book, 23 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 RH live order book, 4 min ago	1.86 bp	2.3 bp −$2	8.8 bp −$88	doesn't fit	doesn't fit
Sell Aster live order book, 23 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	−0.0860%	4h	620.15	+0.001%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.71	+0.092%	$4.4M	$13.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.67	+0.085%	$1K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.34	+0.032%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.24	+0.016%	$1.8M	$460K	10x	as long as short
Lighter RH AMDlong	+0.0032%	1h	620.14	long leg	$835K	$4.6M	10x
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	621.34	+0.194%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.74	−0.065%	$1.5M	$4.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.65	+0.082%	$2.3M	$13.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.082%	$312K	$1.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0087%	1h	620.27	+0.021%	$395K	$1.6M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0098%	8h	620.58	+0.071%	$6.8M	$28.6M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.00	−0.023%	$1.9M	$315K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.33	+0.031%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0142%	1h	620.02	−0.019%	$24.8M	$94.8M	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.83	−0.050%	$2K	$92K	10x	as long as short
ApeX Omni AMDUSDT	+0.0186%	1h	619.72	−0.068%	$80K	$259K	50x	as long as short
Aster AMDUSDTshort	+0.0206%	8h	619.80	−0.054%	$72K	$416K	50x
Aevo AMD-PERP	+0.0216%	1h	620.89	+0.121%	$11K	—	10x	as long as short
Lighter AMD	+0.0232%	1h	620.30	+0.026%	$533K	$2.5M	10x	as long as short
SoDEX AMD-USD	+0.0381%	1h	620.57	+0.069%	$25K	$24K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0473%	8h	620.15	+0.001%	$17K	$136K	10x	as long as short
Variational Omni AMD	+0.0480%	8h	620.23	+0.015%	$2.7M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0517%	8h	620.86	+0.116%	$6K	$545K	20x	as long as short
Nado AMD-PERP	+0.0520%	1h	619.85	−0.046%	$318K	$167K	10x	as long as short
Extended AMD_24_5-USD	+0.0536%	1h	620.55	+0.066%	$464K	$1.5M	10x	as long as short
Bitget AMDUSDT	+0.0536%	8h	620.67	+0.085%	$10.1M	$18.1M	20x	as long as short
Binance AMDUSDT	+0.0537%	8h	620.68	+0.087%	$75.7M	$192.2M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0831%	1h	620.35	+0.034%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.48	+0.055%	$145K	$265K	10x	as long as short