Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0420%/8h= +45.9% APRpaid last 24h +0.091%

Price spread now: Variational Omni against Lighter RH+0.085%7-day average +0.036% · you sell dearer than you buy

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.085%, 7d avg +0.036%

Together, before fees−0.086%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.049% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.107% in total (about 11.1% 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	619.16	0.0032	pay 0.0004% / 1h	30m 53s	$831K	$4.5M	10x
Short	Variational Omni AMD	619.69	0.0452	get 0.0452% / 8h	3h 30m	$2.5M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: $88.12
Price spread: +0.085% → +0.036%: $4.87
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $92.99
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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 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 Variational Omni RFQ quote, 3 min ago	2.49 bp	doesn't fit	12.9 bp −$129	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	−0.0866%	4h	618.51	−0.105%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.86	+0.113%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	619.87	+0.115%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	619.64	+0.078%	$1K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.52	+0.058%	$118K	$622K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.11	−0.008%	$1.8M	$460K	10x	as long as short
Lighter RH AMDlong	+0.0032%	1h	619.16	long leg	$831K	$4.5M	10x
Injective AMD/USDC PERP	+0.0033%	1h	619.05	−0.018%	$2K	$57K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.06	−0.016%	$144K	$265K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	619.33	+0.027%	$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	619.12	−0.006%	$397K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	619.43	+0.044%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	618.52	−0.103%	$1.3M	$4.4M	10x	as long as short
Lighter AMD	+0.0056%	1h	619.45	+0.047%	$547K	$2.5M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.25	+0.176%	—	$923K	25x	as long as short
Nado AMD-PERP	+0.0082%	1h	618.58	−0.094%	$265K	$234K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	617.90	−0.204%	$313K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.11	−0.008%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	618.88	−0.045%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.45	+0.047%	$370	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0121%	1h	619.47	+0.050%	$23.5M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	618.73	−0.069%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0173%	8h	619.16	0.000%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0208%	8h	619.64	+0.078%	$6.8M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0216%	1h	619.67	+0.082%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0238%	8h	618.78	−0.061%	$17K	$157K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0267%	1h	619.02	−0.023%	$77K	$151K	10x	as long as short
Variational Omni AMDshort	+0.0452%	8h	619.69	+0.085%	$2.5M	$3.3M	—
BloFin AMD-USDT	+0.0519%	8h	619.85	+0.111%	$6K	$549K	20x	as long as short
Binance AMDUSDT	+0.0524%	8h	619.78	+0.100%	$72.7M	$196.0M	25x	as long as short
Extended AMD_24_5-USD	+0.0528%	1h	619.60	+0.071%	$461K	$1.9M	10x	as long as short