Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0684%/8h= −74.8% APRpaid last 24h −0.091%

Price spread now: Lighter RH against Variational Omni+0.021%7-day average −0.035% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.021%, 7d avg −0.035%

Together, before fees+0.100%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.057% dearer against Variational Omni than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.035%): +$6 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.108% in total) that is about 43 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.108% in total (about -11.5% 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	Variational Omni AMD	620.48	0.0716	pay 0.0716% / 8h	5h 39m	$2.6M	$3.3M	—
Short	Lighter RH AMD	620.61	0.0032	get 0.0004% / 1h	39m 12s	$844K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$143.54
Price spread: +0.021% → −0.035%: $5.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$137.89
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Lighter RH: live order book, 4 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 Variational Omni RFQ quote, 5 min ago	3.17 bp	doesn't fit	30.6 bp −$306	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.85 bp	2.4 bp −$2	10.8 bp −$108	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	−0.0923%	4h	620.60	+0.020%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.04	+0.090%	$2K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.00	+0.084%	$122K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.18	+0.113%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0001%	8h	621.07	+0.095%	$4.5M	$13.3M	50x	as long as short
Lighter RH AMDshort	+0.0032%	1h	620.61	+0.021%	$844K	$4.4M	10x
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.412%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.56	+0.013%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.60	+0.020%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.78	−0.113%	$1.5M	$4.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0055%	1h	621.72	+0.200%	—	$923K	25x	as long as short
Bitget AMDUSDT	+0.0077%	8h	621.22	+0.119%	$10.3M	$17.1M	20x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.95	+0.076%	$2.1M	$12.0M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.38	−0.016%	$1.9M	$283K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.27	−0.034%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.09	+0.098%	$371	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0127%	1h	620.58	+0.016%	$25.1M	$93.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.97	−0.082%	$300K	$1.8M	10x	as long as short
SoDEX AMD-USD	+0.0145%	1h	620.96	+0.078%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0208%	1h	620.71	+0.037%	$545K	$2.4M	10x	as long as short
Phoenix AMD	+0.0245%	1h	620.22	−0.042%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.44	+0.156%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0298%	8h	620.83	+0.057%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0298%	1h	620.29	−0.031%	$268K	$213K	10x	as long as short
Aster AMDUSDT	+0.0402%	8h	620.72	+0.040%	$72K	$412K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0524%	1h	620.66	+0.029%	$77K	$151K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0713%	8h	620.49	+0.003%	$18K	$136K	10x	as long as short
Variational Omni AMDlong	+0.0716%	8h	620.48	long leg	$2.6M	$3.3M	—
BloFin AMD-USDT	+0.0775%	8h	621.30	+0.132%	$7K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.03	+0.089%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0776%	8h	621.27	+0.127%	$75.6M	$190.0M	25x	as long as short