Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0898%/8h= −98.3% APRpaid last 24h −0.101%

Price spread now: edgeX against Lighter RH−0.188%80s7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.263% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.188%, 7d avg +0.028%

Together, before fees+0.039%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and edgeX is 0.216% cheaper against Lighter RH than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment. 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 RH AMD	619.67	0.0032	pay 0.0004% / 1h	29m 59s	$836K	$4.5M	10x
Short	edgeX AMDUSDC	618.51	−0.0866	pay 0.0433% / 4h	3h 29m	$78K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.188%Rate

Funding earned: −$188.58
Price spread: −0.188% → +0.028%: −$21.57
Slippage, 4 orders: −$17.34
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$236.49
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; edgeX: live order book, 4 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, 3 min ago	1.70 bp	2.7 bp −$3	9.7 bp −$97	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	5.34 bp	10.7 bp −$11	29.5 bp −$295	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 AMDUSDCshort	−0.0866%	4h	618.51	−0.188%	$78K	$1.7M	10x
Gate AMD_USDT	0.0000%	8h	619.90	+0.037%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	620.18	+0.082%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	619.95	+0.045%	$1K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.13	+0.074%	$117K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.12	+0.073%	$1.8M	$460K	10x	as long as short
Lighter RH AMDlong	+0.0032%	1h	619.67	long leg	$836K	$4.5M	10x
Injective AMD/USDC PERP	+0.0033%	1h	619.05	−0.100%	$2K	$57K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.28	−0.063%	$144K	$265K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	619.83	+0.026%	$2.1M	$11.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	619.74	+0.011%	$397K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	619.79	+0.019%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.11	−0.090%	$1.3M	$4.4M	10x	as long as short
Lighter AMD	+0.0056%	1h	619.78	+0.018%	$538K	$2.5M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.82	+0.186%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	617.90	−0.286%	$313K	$1.8M	10x	as long as short
Nado AMD-PERP	+0.0088%	1h	619.13	−0.086%	$265K	$234K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.49	−0.029%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	618.88	−0.127%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.64	−0.005%	$371	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0122%	1h	619.70	+0.005%	$23.5M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	618.73	−0.152%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0173%	8h	619.02	−0.105%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0210%	8h	619.55	−0.019%	$6.8M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.46	+0.128%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0238%	8h	618.78	−0.144%	$17K	$157K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0380%	1h	619.91	+0.039%	$77K	$151K	10x	as long as short
Variational Omni AMD	+0.0452%	8h	619.69	+0.003%	$2.5M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0519%	8h	619.85	+0.029%	$6K	$549K	20x	as long as short
Binance AMDUSDT	+0.0524%	8h	619.50	−0.027%	$72.7M	$196.0M	25x	as long as short
Extended AMD_24_5-USD	+0.0528%	1h	619.47	−0.033%	$461K	$1.9M	10x	as long as short