Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.031%

Price spread now: HTX against Lighter+0.056%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.056%, 7d avg +0.013%

Together, before fees−0.256%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.043% dearer against Lighter than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.013%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.167% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	611.23	0.0032	pay 0.0004% / 1h	38m 34s	$520K	$2.6M	10x
Short	HTX AMD-USDT	611.57	0	get 0.0000% / 8h	1h 38m	$103K	$641K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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 LighterbpFee HTXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$6.72
Price spread: +0.056% → +0.013%: $4.3
Slippage, 4 orders: −$7.94
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.37
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; HTX: 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 Lighter live order book, 3 min ago	0.90 bp	0.9 bp −$1	3.3 bp −$33	25.3 bp −$2,525	doesn't fit
Sell HTX live order book, 5 min ago	1.63 bp	9.5 bp −$9	15.9 bp −$159	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
Bitget AMDUSDT	−0.0403%	8h	611.82	+0.097%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDC	−0.0393%	4h	611.65	+0.069%	$72K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	611.68	+0.074%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	611.55	+0.052%	$4.4M	$14.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	611.67	+0.072%	$2K	$8.1M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	611.02	−0.034%	$76K	$151K	10x	as long as short
HTX AMD-USDTshort	0.0000%	8h	611.57	+0.056%	$103K	$641K	20x
Phemex AMDUSDT	0.0000%	8h	611.13	−0.016%	$1.7M	$462K	10x	as long as short
Lighter AMDlong	+0.0032%	1h	611.23	long leg	$520K	$2.6M	10x
Lighter RH AMD	+0.0032%	1h	611.19	−0.007%	$811K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	611.41	+0.029%	$135K	$276K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	612.15	+0.151%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.19	−0.007%	$22.7M	$95.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	611.18	−0.008%	$394K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	611.55	+0.052%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	610.72	−0.083%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	611.60	+0.061%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	551.80	−9.723%	$2K	$59K	12x	as long as short
Nado AMD-PERP	+0.0076%	1h	611.07	−0.026%	$254K	$241K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0090%	8h	611.42	+0.031%	$6.6M	$29.0M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	611.28	+0.008%	$1.9M	$292K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	611.15	−0.013%	$78K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	611.38	+0.025%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	611.26	+0.005%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	611.42	+0.031%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0148%	8h	611.67	+0.072%	$20K	$174K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	611.65	+0.068%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0223%	8h	611.44	+0.034%	$2.3M	$3.5M	—	as long as short
Binance AMDUSDT	+0.0309%	8h	611.59	+0.059%	$71.8M	$203.8M	25x	as long as short
BloFin AMD-USDT	+0.0312%	8h	611.64	+0.067%	$6K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0312%	1h	611.43	+0.032%	$458K	$3.1M	10x	as long as short