Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.035%

Price spread now: Lighter RH against Bitget−0.063%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.063%, 7d avg −0.035%

Together, before fees+0.186%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter RH is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% 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	Bitget AMDUSDT	619.63	0.0524	pay 0.0524% / 8h	1h 04m	$10.1M	$18.2M	20x
Short	Lighter RH AMD	619.24	0.0032	get 0.0004% / 1h	4m 42s	$833K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$103.32
Price spread: −0.063% → −0.035%: −$2.8
Slippage, 4 orders: −$18.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$136.58
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; Lighter RH: live order book, 4 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 Bitget live order book, 9 min ago	2.02 bp	12.6 bp −$13	20.9 bp −$209	43.3 bp −$4,328	doesn't fit
Sell Lighter RH live order book, 4 min ago	2.66 bp	3.1 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	−0.0839%	4h	619.56	−0.011%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.76	+0.021%	$4.4M	$13.7M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	619.65	+0.003%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.27	−0.058%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.16	−0.076%	$1.8M	$460K	10x	as long as short
Lighter RH AMDshort	+0.0032%	1h	619.24	−0.063%	$833K	$4.7M	10x
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.277%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	620.22	+0.095%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	618.79	−0.136%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0058%	1h	619.28	−0.056%	$395K	$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
Coinbase International AMD-PERP-INTX	+0.0072%	1h	618.86	−0.124%	$311K	$1.8M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0073%	8h	619.50	−0.021%	$6.8M	$28.6M	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.47	−0.026%	$2.3M	$13.4M	10x	as long as short
tradeXYZ xyz:AMD	+0.0097%	1h	619.07	−0.090%	$24.8M	$95.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.35	−0.045%	$1.9M	$319K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.47	−0.026%	$378	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	618.87	−0.123%	$2K	$94K	10x	as long as short
Aster AMDUSDT	+0.0187%	8h	618.91	−0.116%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0192%	1h	619.42	−0.034%	$535K	$2.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0203%	1h	619.45	−0.029%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0208%	1h	619.91	+0.044%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0253%	1h	619.41	−0.036%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0417%	1h	618.69	−0.151%	$315K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0461%	8h	619.76	+0.021%	$17K	$137K	10x	as long as short
Variational Omni AMD	+0.0469%	8h	619.52	−0.018%	$2.7M	$3.2M	—	as long as short
Binance AMDUSDT	+0.0520%	8h	619.78	+0.024%	$75.6M	$193.1M	25x	as long as short
Extended AMD_24_5-USD	+0.0520%	1h	619.66	+0.005%	$458K	$1.5M	10x	as long as short
Bitget AMDUSDTlong	+0.0524%	8h	619.63	long leg	$10.1M	$18.2M	20x
BloFin AMD-USDT	+0.0534%	8h	619.93	+0.048%	$6K	$547K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0671%	1h	619.23	−0.065%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0780%	1h	619.36	−0.044%	$144K	$267K	10x	as long as short