Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.081%

Price spread now: Lighter against BloFin−0.063%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.063%, 7d avg −0.025%

Together, before fees+0.342%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Lighter is 0.038% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% 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	BloFin AMD-USDT	620.43	0.0778	pay 0.0778% / 8h	5h 27m	$7K	$547K	20x
Short	Lighter AMD	620.04	0.0240	get 0.0030% / 1h	27m 14s	$546K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$112.9
Price spread: −0.063% → −0.025%: −$3.82
Slippage, 4 orders: −$6.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$135.57
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from BloFin: live order book, 14 min ago; Lighter: 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 BloFin live order book, 14 min ago	0.08 bp	6.7 bp −$7	11.3 bp −$113	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.13 bp	1.1 bp −$1	3.6 bp −$36	35.4 bp −$3,541	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	−0.0694%	4h	621.13	+0.113%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.37	−0.010%	$2K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.19	−0.039%	$122K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.45	+0.003%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0003%	8h	620.40	−0.005%	$4.5M	$13.3M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	619.89	−0.087%	$854K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.404%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.72	+0.047%	$144K	$263K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0040%	1h	619.84	−0.095%	$77K	$151K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	619.96	−0.076%	$397K	$1.5M	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	619.33	−0.177%	$1.5M	$4.1M	10x	as long as short
Bitget AMDUSDT	+0.0053%	8h	620.43	0.000%	$10.3M	$17.1M	20x	as long as short
Vest AMD-USD-PERP	+0.0055%	1h	621.30	+0.140%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.30	−0.021%	$2.1M	$12.0M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.90	−0.085%	$1.9M	$283K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.26	−0.027%	$371	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0125%	1h	620.94	+0.082%	$80K	$257K	50x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	620.69	+0.042%	$300K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0162%	1h	619.82	−0.098%	$25.0M	$93.5M	10x	as long as short
SoDEX AMD-USD	+0.0194%	1h	620.21	−0.035%	$25K	$24K	10x	as long as short
Lighter AMDshort	+0.0240%	1h	620.04	−0.063%	$546K	$2.4M	10x
Phoenix AMD	+0.0245%	1h	620.93	+0.081%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	620.56	+0.021%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0308%	8h	620.19	−0.039%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0330%	1h	619.79	−0.104%	$268K	$214K	10x	as long as short
Aster AMDUSDT	+0.0406%	8h	620.56	+0.021%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0723%	8h	621.20	+0.124%	$18K	$137K	10x	as long as short
Variational Omni AMD	+0.0723%	8h	621.20	+0.125%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDTlong	+0.0778%	8h	620.43	long leg	$7K	$547K	20x
Binance AMDUSDT	+0.0784%	8h	620.36	−0.011%	$75.5M	$190.0M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	620.19	−0.039%	$463K	$1.9M	10x	as long as short