Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0313%/8h= +34.3% APRpaid last 24h +0.123%

Price spread now: Lighter against edgeX+0.060%109s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.349% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.060%, 7d avg +0.004%

Together, before fees+0.204%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.056% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% 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	edgeX AMDUSDC	612.82	−0.0281	get 0.0140% / 4h	1h 21m	$72K	$1.7M	10x
Short	Lighter AMD	613.19	0.0032	get 0.0004% / 1h	21m 41s	$521K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $65.72
Price spread: +0.060% → +0.004%: $5.58
Slippage, 4 orders: −$25.86
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $36.43
Costs to cover: 0.349%
Break-even: 3.1 days

Slippage from edgeX: live order book, 2 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 edgeX live order book, 2 min ago	9.30 bp	14.0 bp −$14	33.1 bp −$331	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.63 bp	1.6 bp −$2	5.0 bp −$50	39.6 bp −$3,956	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
Bitget AMDUSDT	−0.0415%	8h	613.82	+0.163%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDClong	−0.0281%	4h	612.82	long leg	$72K	$1.7M	10x
Aster AMDUSDT	0.0000%	8h	613.82	+0.163%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.63	+0.132%	$4.5M	$14.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.85	+0.168%	$2K	$8.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.68	+0.140%	$102K	$641K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.75	+0.151%	$1.7M	$464K	10x	as long as short
Lighter AMDshort	+0.0032%	1h	613.19	+0.060%	$521K	$2.6M	10x
Lighter RH AMD	+0.0032%	1h	613.06	+0.039%	$812K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	612.92	+0.016%	$134K	$279K	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	+0.0046%	1h	613.94	+0.182%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	613.01	+0.030%	$22.6M	$95.7M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.28	+0.075%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.63	−0.032%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	613.50	+0.110%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	549.96	−10.258%	$2K	$59K	12x	as long as short
SoDEX AMD-USD	+0.0081%	1h	613.36	+0.088%	$25K	$24K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0084%	8h	613.26	+0.071%	$6.6M	$29.5M	25x	as long as short
Nado AMD-PERP	+0.0096%	1h	612.82	0.000%	$255K	$241K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.86	+0.006%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.30	−0.085%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.34	+0.084%	$367	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	612.56	−0.043%	$312K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	612.00	−0.134%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0148%	8h	612.79	−0.006%	$20K	$176K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	613.66	+0.137%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0210%	8h	613.10	+0.046%	$2.0M	$3.8M	—	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0256%	1h	613.10	+0.045%	$76K	$151K	10x	as long as short
BloFin AMD-USDT	+0.0298%	8h	613.31	+0.079%	$6K	$551K	20x	as long as short
Binance AMDUSDT	+0.0303%	8h	613.63	+0.132%	$72.0M	$204.6M	25x	as long as short
Extended AMD_24_5-USD	+0.0304%	1h	613.49	+0.109%	$458K	$3.1M	10x	as long as short