AMD

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0307%/8h= −33.6% APRnext payment −$0.38 per $10,000 · paid last 24h −0.061%

Price spread now: Lighter against Nado+0.054%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.054%, 7d avg +0.013%

Together, before fees−0.182%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.041% dearer against Nado than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.013%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 3 days (−0.071% in total) that is about 44 hours.

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 −$0.38 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	Nado AMD-PERP	619.84	0.0515	pay 0.0064% / 1h	39m 15s	$317K	$167K	10x
Short	Lighter AMD	620.17	0.0208	get 0.0026% / 1h	39m 15s	$525K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$64.43
Price spread: +0.054% → +0.013%: $4.07
Slippage, 4 orders: −$10.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$77.52
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from Nado: live order book, 38 min ago; Lighter: live order book, 3 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 Nado live order book, 38 min ago	2.34 bp	7.9 bp −$8	25.1 bp −$251	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.21 bp	1.3 bp −$1	2.7 bp −$27	56.8 bp −$5,679	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	+0.036%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.66	+0.133%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.45	+0.099%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.32	+0.078%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.63	+0.128%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.08	+0.039%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.309%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.33	+0.241%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.52	−0.051%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.08	+0.039%	$395K	$1.6M	10x	as long as short

Show 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	+0.097%	$2.3M	$13.4M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.033%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.19	+0.057%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.23	+0.063%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0122%	1h	619.98	+0.023%	$24.8M	$94.6M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0131%	8h	620.46	+0.101%	$6.8M	$28.6M	25x	as long as short
SoDEX AMD-USD	+0.0195%	1h	620.39	+0.089%	$25K	$24K	10x	as long as short
Phoenix AMD	+0.0207%	1h	619.94	+0.017%	$2K	$92K	10x	as long as short
Lighter AMDshort	+0.0208%	1h	620.17	+0.054%	$525K	$2.5M	10x
ApeX Omni AMDUSDT	+0.0214%	1h	619.81	−0.004%	$80K	$258K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.71	+0.140%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0222%	8h	620.54	+0.113%	$72K	$416K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0395%	1h	620.19	+0.057%	$77K	$163K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0493%	8h	620.19	+0.057%	$17K	$134K	10x	as long as short
Variational Omni AMD	+0.0504%	8h	620.10	+0.042%	$2.7M	$3.2M	—	as long as short
Nado AMD-PERPlong	+0.0515%	1h	619.84	long leg	$317K	$167K	10x
BloFin AMD-USDT	+0.0532%	8h	620.47	+0.102%	$6K	$545K	20x	as long as short
Bitget AMDUSDT	+0.0546%	8h	620.30	+0.075%	$10.1M	$18.1M	20x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.37	+0.086%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0552%	8h	620.48	+0.103%	$75.7M	$192.4M	25x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.31	+0.076%	$145K	$265K	10x	as long as short