Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.031%

Price spread now: Lighter against SunX−0.050%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2622.619% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.050%, 7d avg −0.020%

Together, before fees+0.273%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.029% cheaper against SunX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.020%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.170% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AMD-USDT	622.78	0	get 0.0000% / 8h	7h 40m	$1K	$8.7M	10x
Short	Lighter AMD	622.47	0.0168	get 0.0021% / 1h	40m 10s	$539K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.050%Rate

Funding earned: $35.28
Price spread: −0.050% → −0.020%: −$2.94
Slippage, 4 orders: −$253.95
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$229.61
Costs to cover: 2.619%
Break-even: 52.6 days

Slippage from SunX: live order book, 9 min ago; Lighter: live order book, 2 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 SunX live order book, 9 min ago	44.57 bp	126.8 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	1.61 bp	2.3 bp −$2	5.0 bp −$50	75.0 bp −$7,503	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	−0.0824%	4h	623.49	+0.114%	$82K	$1.6M	10x	as long as short
SunX AMD-USDTlong	0.0000%	8h	622.78	long leg	$1K	$8.7M	10x
Phemex AMDUSDT	0.0000%	8h	621.96	−0.132%	$1.8M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.34	−0.071%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.776%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0049%	1h	623.85	+0.172%	—	$926K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.01	−0.124%	$1.5M	$4.4M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.77	−0.002%	$2.3M	$13.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.39	−0.063%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.78	0.000%	$372	$6K	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	+0.0112%	1h	623.04	+0.042%	$312K	$1.8M	10x	as long as short
Lighter AMDshort	+0.0168%	1h	622.47	−0.050%	$539K	$2.3M	10x
Phoenix AMD	+0.0219%	1h	622.87	+0.014%	$2K	$92K	10x	as long as short
Gate AMD_USDT	+0.0226%	8h	622.93	+0.024%	$4.5M	$13.4M	50x	as long as short
OKX AMD-USDT-SWAP	+0.0228%	8h	622.62	−0.026%	$6.9M	$28.4M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.96	+0.028%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0293%	8h	621.87	−0.147%	$72K	$416K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0345%	1h	622.33	−0.072%	$77K	$151K	10x	as long as short
SoDEX AMD-USD	+0.0369%	1h	622.59	−0.031%	$26K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0422%	1h	622.14	−0.103%	$25.1M	$93.5M	10x	as long as short
Nado AMD-PERP	+0.0430%	1h	621.99	−0.127%	$319K	$171K	10x	as long as short
Polymarket Perps AMD-USD	+0.0437%	1h	622.38	−0.064%	$397K	$1.5M	10x	as long as short
ApeX Omni AMDUSDT	+0.0506%	1h	624.65	+0.300%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0591%	8h	623.20	+0.068%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0640%	1h	622.66	−0.019%	$469K	$2.1M	10x	as long as short
Binance AMDUSDT	+0.0641%	8h	622.79	+0.002%	$75.9M	$191.5M	25x	as long as short
BloFin AMD-USDT	+0.0661%	8h	622.93	+0.024%	$6K	$551K	20x	as long as short
HTX AMD-USDT	+0.0668%	8h	622.55	−0.037%	$132K	$579K	20x	as long as short
Bitget AMDUSDT	+0.0748%	8h	622.79	+0.002%	$10.1M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.44	+0.106%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1770%	8h	623.46	+0.109%	$18K	$131K	10x	as long as short