Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h −0.001%

Price spread now: Lighter against OKX−0.043%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days+0.154%+$15 · spread now −0.043%, 7d avg +0.003%

Together, before fees+0.260%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.045% cheaper against OKX than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.003%). If the spread goes back, that is −$5 on $10k: about 4.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMD-USDT-SWAP	610.29	0.0150	pay 0.0150% / 8h	4h 52m	$6.9M	$30.1M	25x
Short	Lighter AMD	610.03	0.0184	get 0.0023% / 1h	52m 19s	$509K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.043%Rate

Funding earned: $7.19
Price spread: −0.043% → +0.003%: −$4.52
Slippage, 4 orders: −$8.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.01
Costs to cover: 0.187%
Break-even: 22.6 days

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 3 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 OKX live order book, 4 min ago	0.90 bp	7.6 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.23 bp	1.2 bp −$1	3.4 bp −$34	64.0 bp −$6,399	doesn't fit

AMD on 31 exchanges

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	−0.0195%	4h	610.65	+0.059%	$74K	$1.6M	10x	as long as short
Bitget AMDUSDT	0.0000%	8h	610.52	+0.038%	$10.3M	$16.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	610.32	+0.005%	$1K	$6.5M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	610.40	+0.018%	$87K	$694K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	610.54	+0.041%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	609.90	−0.064%	$779K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	548.57	−10.113%	$2K	$58K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	610.50	+0.034%	—	$923K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	610.05	−0.039%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	609.93	−0.059%	$26K	$20K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	609.03	−0.206%	$1.4M	$5.2M	10x	as long as short
tradeXYZ xyz:AMD	+0.0057%	1h	609.74	−0.090%	$21.3M	$95.2M	10x	as long as short
QFEX AMD-USD	+0.0063%	1h	609.98	−0.051%	$2.0M	$11.1M	10x	as long as short
Gate AMD_USDT	+0.0083%	8h	610.69	+0.066%	$4.7M	$14.7M	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	609.98	−0.051%	$1.9M	$504K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	610.29	0.000%	$79K	$253K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	610.31	+0.003%	$365	$2K	10x	as long as short
Aster AMDUSDT	+0.0115%	8h	611.56	+0.208%	$72K	$414K	50x	as long as short
Phoenix AMD	+0.0131%	1h	610.22	−0.011%	$2K	$74K	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0150%	8h	610.29	long leg	$6.9M	$30.1M	25x
Coinbase International AMD-PERP-INTX	+0.0152%	1h	609.91	−0.062%	$290K	$1.7M	10x	as long as short
Lighter AMDshort	+0.0184%	1h	610.03	−0.043%	$509K	$2.3M	10x
Aevo AMD-PERP	+0.0184%	1h	610.40	+0.018%	$11K	—	10x	as long as short
Nado AMD-PERP	+0.0239%	1h	609.58	−0.116%	$250K	$243K	10x	as long as short
Variational Omni AMD	+0.0337%	8h	610.53	+0.040%	$1.9M	$3.9M	—	as long as short
Arcus AMD-USD	+0.0387%	1h	609.78	−0.084%	$121K	$211K	10x	as long as short
Extended AMD_24_5-USD	+0.0408%	1h	610.10	−0.031%	$460K	$3.6M	10x	as long as short
Binance AMDUSDT	+0.0410%	8h	610.30	+0.002%	$72.8M	$194.7M	25x	as long as short
BloFin AMD-USDT	+0.0417%	8h	609.95	−0.056%	$7K	$565K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0439%	1h	609.98	−0.051%	$67K	$146K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0532%	8h	610.77	+0.079%	$21K	$216K	10x	as long as short