Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.061%
Price spread now: Nado against Lighter−0.058%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 3 days (all we have)+0.071%+$7 on $10k
+Price spread, last 3 days (all we have)+0.115%+$11 · spread now −0.058%, 7d avg −0.013%
=Together, before fees+0.186%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.045% cheaper against Lighter than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.013%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.071% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.071% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. 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 | Lighter AMD | 620.16 | 0.0208 | pay 0.0026% / 1h | 38m 17s | $525K | $2.5M | 10x |
| Short | Nado AMD-PERP | 619.80 | 0.0508 | get 0.0063% / 1h | 38m 17s | $317K | $167K | 10x |
Lighter AMD
Nado AMD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $62.92
- Price spread: −0.058% → −0.013%
- −$4.49
- Slippage, 4 orders
- −$10.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $41.26
- Costs to cover
- 0.172%
- Break-even
- 2.4 days
Slippage from Lighter: live order book, 4 min ago; Nado: live order book, 39 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, 4 min ago | 1.21 bp | 1.2 bp −$1 | 3.7 bp −$37 | 71.0 bp −$7,104 | doesn't fit |
| Sell Nado live order book, 39 min ago | 2.34 bp | 6.8 bp −$7 | 31.0 bp −$310 | 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 | −0.0228% | 4h | 620.06 | −0.016% | $81K | $1.6M | 10x | as long as short |
| Gate AMD_USDT | 0.0000% | 8h | 620.56 | +0.064% | $4.4M | $13.6M | 50x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 620.40 | +0.039% | $2K | $9.0M | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 620.32 | +0.026% | $132K | $581K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 620.63 | +0.076% | $1.8M | $460K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 620.16 | 0.000% | $835K | $4.6M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.361% | $5K | $55K | 12x | as long as short |
| Vest AMD-USD-PERP | +0.0046% | 1h | 621.40 | +0.200% | — | $950K | 25x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 620.06 | −0.016% | $395K | $1.6M | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 619.74 | −0.068% | $1.5M | $4.8M | 10x | as long as short |
edgeX AMDUSDC
Gate AMD_USDT
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Vest AMD-USD-PERP
Polymarket Perps AMD-USD
Ondo Perps AMD-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AMD-USD | +0.0080% | 1h | 620.44 | +0.045% | $2.3M | $13.4M | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0080% | 1h | 619.63 | −0.085% | $312K | $1.8M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 620.12 | −0.006% | $1.9M | $314K | 20x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 620.21 | +0.008% | $378 | $6K | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0119% | 1h | 619.98 | −0.029% | $24.8M | $94.6M | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0132% | 8h | 620.40 | +0.039% | $6.8M | $28.6M | 25x | as long as short |
| SoDEX AMD-USD | +0.0186% | 1h | 620.33 | +0.027% | $25K | $24K | 10x | as long as short |
| Phoenix AMD | +0.0207% | 1h | 619.94 | −0.035% | $2K | $92K | 10x | as long as short |
| Lighter AMDlong | +0.0208% | 1h | 620.16 | long leg | $525K | $2.5M | 10x | |
| ApeX Omni AMDUSDT | +0.0214% | 1h | 619.81 | −0.056% | $80K | $258K | 50x | as long as short |
| Aevo AMD-PERP | +0.0216% | 1h | 620.73 | +0.092% | $11K | — | 10x | as long as short |
| Aster AMDUSDT | +0.0221% | 8h | 620.47 | +0.050% | $72K | $416K | 50x | as long as short |
| Deribit AMD_USDC-PERPETUAL | +0.0379% | 1h | 620.15 | −0.002% | $77K | $163K | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.0493% | 8h | 620.19 | +0.005% | $17K | $134K | 10x | as long as short |
| Variational Omni AMD | +0.0504% | 8h | 620.10 | −0.010% | $2.7M | $3.2M | — | as long as short |
| Nado AMD-PERPshort | +0.0508% | 1h | 619.80 | −0.058% | $317K | $167K | 10x | |
| BloFin AMD-USDT | +0.0532% | 8h | 620.47 | +0.050% | $6K | $545K | 20x | as long as short |
| Bitget AMDUSDT | +0.0546% | 8h | 620.40 | +0.039% | $10.1M | $18.1M | 20x | as long as short |
| Binance AMDUSDT | +0.0552% | 8h | 620.43 | +0.044% | $75.7M | $192.3M | 25x | as long as short |
| Extended AMD_24_5-USD | +0.0552% | 1h | 620.33 | +0.027% | $464K | $1.5M | 10x | as long as short |
| Arcus AMD-USD | +0.0919% | 1h | 620.35 | +0.031% | $145K | $265K | 10x | as long as short |
QFEX AMD-USD
Coinbase International AMD-PERP-INTX
KuCoin AMDUSDTM
Orderly PERP_AMD_USDC_mythos
tradeXYZ xyz:AMD
OKX AMD-USDT-SWAP
SoDEX AMD-USD
Phoenix AMD
ApeX Omni AMDUSDT
Aevo AMD-PERP
Aster AMDUSDT
Deribit AMD_USDC-PERPETUAL
GRVT AMD_USDT_Perp
Variational Omni AMD
BloFin AMD-USDT
Bitget AMDUSDT
Binance AMDUSDT
Extended AMD_24_5-USD
Arcus AMD-USD