Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.018%

Price spread now: Lighter RH against Aster−0.089%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.089%, 7d avg −0.043%

Together, before fees−0.083%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.047% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AMDUSDT	616.93	0.0085	pay 0.0085% / 8h	1h 48m	$71K	$414K	50x
Short	Lighter RH AMD	616.38	0.0032	get 0.0004% / 1h	48m 46s	$826K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$11.06
Price spread: −0.089% → −0.043%: −$4.66
Slippage, 4 orders: −$28
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$51.73
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Aster: live order book, 33 min ago; Lighter RH: live order book, 5 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 Aster live order book, 33 min ago	2.76 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.32 bp	2.6 bp −$3	9.4 bp −$94	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	−0.0456%	4h	617.00	+0.011%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	616.89	−0.006%	$4.3M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	617.06	+0.021%	$1K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.61	−0.052%	$127K	$577K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.91	−0.003%	$1.7M	$460K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0005%	8h	616.82	−0.018%	$6.8M	$28.5M	25x	as long as short
Lighter RH AMDshort	+0.0032%	1h	616.38	−0.089%	$826K	$4.6M	10x
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.845%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.38	+0.073%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.55	−0.062%	$406K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	615.97	−0.156%	$1.4M	$4.8M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	616.41	−0.084%	$310K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	616.88	−0.008%	$2.3M	$13.2M	10x	as long as short
Aster AMDUSDTlong	+0.0085%	8h	616.93	long leg	$71K	$414K	50x
tradeXYZ xyz:AMD	+0.0092%	1h	616.26	−0.109%	$24.9M	$95.7M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.28	−0.105%	$1.9M	$323K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	616.89	−0.006%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.73	−0.032%	$376	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	616.50	−0.070%	$2K	$94K	10x	as long as short
Aevo AMD-PERP	+0.0184%	1h	617.10	+0.027%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0210%	1h	616.79	−0.023%	$25K	$24K	10x	as long as short
Lighter AMD	+0.0216%	1h	616.52	−0.066%	$539K	$2.6M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0360%	8h	616.98	+0.009%	$18K	$140K	10x	as long as short
Variational Omni AMD	+0.0374%	8h	617.01	+0.013%	$2.7M	$3.1M	—	as long as short
BloFin AMD-USDT	+0.0407%	8h	617.04	+0.018%	$6K	$541K	20x	as long as short
Nado AMD-PERP	+0.0421%	1h	615.96	−0.157%	$314K	$166K	10x	as long as short
Extended AMD_24_5-USD	+0.0432%	1h	617.00	+0.012%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0434%	8h	617.05	+0.019%	$75.0M	$192.9M	25x	as long as short
Bitget AMDUSDT	+0.0478%	8h	616.83	−0.016%	$10.1M	$18.2M	20x	as long as short
Arcus AMD-USD	+0.0780%	1h	616.69	−0.039%	$142K	$282K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0854%	1h	616.67	−0.042%	$77K	$163K	10x	as long as short