Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against Phoenix+0.164%104s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.164% dearer against Phoenix than usual: you sell high and buy low (spread +0.164% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.096% in total) that is about 12 days. The two prices were read 104 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 -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. 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 | Phoenix AMD | 621.52 | 0.0244 | pay 0.0030% / 1h | 49m 46s | $2K | $90K | 10x |
| Short | Lighter AMD | 622.54 | 0.0032 | get 0.0004% / 1h | 49m 46s | $536K | $2.4M | 10x |
Phoenix AMD
Lighter AMDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.49
- Price spread: +0.164% → 0.000%
- $16.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$35.08
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 12 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 12 min ago | 0.32 bp | 1.6 bp −$2 | 6.1 bp −$61 | 82.3 bp −$8,232 | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0927% | 4h | 622.08 | +0.090% | $81K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 622.94 | +0.228% | $1K | $8.5M | 10x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 622.92 | +0.225% | $1.8M | $460K | 10x | as long as short |
| Lighter AMDshort | +0.0032% | 1h | 622.54 | +0.164% | $536K | $2.4M | 10x | |
| Lighter RH AMD | +0.0032% | 1h | 622.52 | +0.161% | $839K | $4.3M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.577% | $5K | $55K | 12x | as long as short |
| Arcus AMD-USD | +0.0040% | 1h | 622.72 | +0.193% | $145K | $264K | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 622.67 | +0.185% | $397K | $1.5M | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 622.06 | +0.087% | $1.5M | $4.2M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0063% | 1h | 624.14 | +0.422% | — | $924K | 25x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Arcus AMD-USD
Polymarket Perps AMD-USD
Ondo Perps AMD-USD.P
Vest AMD-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AMD-USD | +0.0071% | 1h | 622.75 | +0.198% | $26K | $24K | 10x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 622.94 | +0.228% | $2.2M | $12.6M | 10x | as long as short |
| Gate AMD_USDT | +0.0100% | 8h | 622.95 | +0.230% | $4.5M | $13.2M | 50x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 622.53 | +0.163% | $1.9M | $295K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 622.23 | +0.114% | $80K | $258K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 622.85 | +0.214% | $372 | $6K | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0108% | 1h | 622.42 | +0.145% | $25.1M | $93.3M | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0120% | 1h | 623.02 | +0.241% | $300K | $1.8M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUAL | +0.0152% | 1h | 622.46 | +0.151% | $77K | $151K | 10x | as long as short |
| HTX AMD-USDT | +0.0184% | 8h | 622.86 | +0.216% | $132K | $579K | 20x | as long as short |
| Phoenix AMDlong | +0.0244% | 1h | 621.52 | long leg | $2K | $90K | 10x | |
| Nado AMD-PERP | +0.0269% | 1h | 622.51 | +0.160% | $276K | $197K | 10x | as long as short |
| Aevo AMD-PERP | +0.0272% | 1h | 623.19 | +0.269% | $11K | — | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0277% | 8h | 622.81 | +0.208% | $6.9M | $28.3M | 25x | as long as short |
| Aster AMDUSDT | +0.0416% | 8h | 622.45 | +0.150% | $72K | $416K | 50x | as long as short |
| Bitget AMDUSDT | +0.0634% | 8h | 622.99 | +0.237% | $10.3M | $17.3M | 20x | as long as short |
| Variational Omni AMD | +0.0728% | 8h | 622.86 | +0.215% | $2.6M | $3.2M | — | as long as short |
| Extended AMD_24_5-USD | +0.0776% | 1h | 622.82 | +0.209% | $463K | $1.9M | 10x | as long as short |
| Binance AMDUSDT | +0.0777% | 8h | 622.95 | +0.230% | $75.7M | $190.5M | 25x | as long as short |
| BloFin AMD-USDT | +0.0783% | 8h | 622.98 | +0.235% | $7K | $551K | 20x | as long as short |
| GRVT AMD_USDT_Perp | +0.1159% | 8h | 622.09 | +0.092% | $18K | $131K | 10x | as long as short |
SoDEX AMD-USD
QFEX AMD-USD
Gate AMD_USDT
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
tradeXYZ xyz:AMD
Coinbase International AMD-PERP-INTX
Deribit AMD_USDC-PERPETUAL
HTX AMD-USDT
Nado AMD-PERP
Aevo AMD-PERP
OKX AMD-USDT-SWAP
Aster AMDUSDT
Bitget AMDUSDT
Variational Omni AMD
Extended AMD_24_5-USD
Binance AMDUSDT
BloFin AMD-USDT
GRVT AMD_USDT_Perp