Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0422%/8h= −46.3% APRpaid last 24h −0.083%

Price spread now: edgeX against Lighter RH+0.369%50s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$450.446% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.351%−$35 · spread now +0.369%, 7d avg +0.043%

Together, before fees−0.398%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.326% dearer against Lighter RH than usual: you sell high and buy low (spread +0.369% now, against its 7-day average of +0.043%): +$33 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.048% in total) that is about 48 days. The two prices were read 50 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 -0.048% in total (about -2.5% 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	Lighter RH AMD	621.94	0.0032	pay 0.0004% / 1h	24m 39s	$854K	$4.3M	10x
Short	edgeX AMDUSDC	624.24	−0.0390	pay 0.0195% / 4h	3h 24m	$82K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now +0.369%Rate

Funding earned: −$88.71
Price spread: +0.369% → +0.043%: $32.63
Slippage, 4 orders: −$35.61
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$100.69
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; edgeX: 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 Lighter RH live order book, 4 min ago	2.24 bp	2.3 bp −$2	8.2 bp −$82	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	10.18 bp	23.1 bp −$23	44.4 bp −$444	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 AMDUSDCshort	−0.0390%	4h	624.24	+0.369%	$82K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	623.31	+0.220%	$1K	$8.6M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.77	+0.133%	$1.8M	$460K	10x	as long as short
Lighter RH AMDlong	+0.0032%	1h	621.94	long leg	$854K	$4.3M	10x
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.643%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.30	+0.058%	$1.5M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0054%	1h	623.52	+0.254%	—	$925K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.60	+0.106%	$2.3M	$13.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.67	+0.117%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	623.31	+0.220%	$373	$6K	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	+0.0112%	1h	623.04	+0.177%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0184%	1h	622.06	+0.019%	$545K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	623.13	+0.191%	$2K	$92K	10x	as long as short
Gate AMD_USDT	+0.0251%	8h	622.56	+0.100%	$4.5M	$13.5M	50x	as long as short
Aevo AMD-PERP	+0.0256%	1h	623.58	+0.263%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0258%	8h	622.35	+0.066%	$6.9M	$28.2M	25x	as long as short
Polymarket Perps AMD-USD	+0.0313%	1h	622.91	+0.156%	$397K	$1.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0319%	1h	621.91	−0.005%	$25.1M	$92.9M	10x	as long as short
Aster AMDUSDT	+0.0349%	8h	622.03	+0.015%	$72K	$416K	50x	as long as short
SoDEX AMD-USD	+0.0371%	1h	622.91	+0.156%	$26K	$24K	10x	as long as short
Nado AMD-PERP	+0.0442%	1h	621.81	−0.021%	$318K	$172K	10x	as long as short
HTX AMD-USDT	+0.0560%	8h	623.09	+0.185%	$132K	$579K	20x	as long as short
ApeX Omni AMDUSDT	+0.0561%	1h	624.17	+0.359%	$80K	$258K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0570%	1h	622.70	+0.122%	$78K	$151K	10x	as long as short
Variational Omni AMD	+0.0654%	8h	623.70	+0.283%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0704%	1h	622.41	+0.076%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0704%	8h	622.55	+0.098%	$75.9M	$190.7M	25x	as long as short
BloFin AMD-USDT	+0.0727%	8h	623.39	+0.233%	$6K	$550K	20x	as long as short
Bitget AMDUSDT	+0.0734%	8h	622.96	+0.164%	$10.3M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.34	+0.225%	$145K	$264K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1501%	8h	624.33	+0.384%	$18K	$131K	10x	as long as short