Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.007%

Price spread now: Lighter against OKX−0.039%7-day average +0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.039%, 7d avg +0.003%

Together, before fees+0.263%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.042% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMD-USDT-SWAP	613.32	0.0075	pay 0.0075% / 8h	5m 07s	$6.6M	$29.5M	25x
Short	Lighter AMD	613.08	0.0032	get 0.0004% / 1h	5m 07s	$523K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$9.02
Price spread: −0.039% → +0.003%: −$4.24
Slippage, 4 orders: −$8.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.53
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 2 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 OKX live order book, 3 min ago	0.08 bp	8.5 bp −$9	11.4 bp −$114	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	1.47 bp	1.5 bp −$2	4.1 bp −$41	55.6 bp −$5,560	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	−0.0256%	8h	613.55	+0.038%	$10.4M	$17.5M	20x	as long as short
edgeX AMDUSDC	−0.0243%	4h	612.95	−0.060%	$73K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−10.140%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	613.00	−0.051%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.52	+0.033%	$4.5M	$14.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.38	+0.010%	$1K	$8.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.35	+0.005%	$100K	$633K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.86	−0.075%	$1.7M	$466K	10x	as long as short
Lighter AMDshort	+0.0032%	1h	613.08	−0.039%	$523K	$2.6M	10x
Lighter RH AMD	+0.0032%	1h	612.92	−0.065%	$795K	$4.8M	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	612.98	−0.055%	$128K	$286K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	613.87	+0.090%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.87	−0.073%	$22.0M	$96.1M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.06	−0.042%	$395K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	613.23	−0.015%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.59	−0.119%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0069%	1h	613.46	+0.023%	$2.0M	$11.5M	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0075%	8h	613.32	long leg	$6.6M	$29.5M	25x
KuCoin AMDUSDTM	+0.0100%	8h	612.80	−0.085%	$1.9M	$308K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.94	−0.062%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.11	−0.034%	$367	$6K	10x	as long as short
Nado AMD-PERP	+0.0129%	1h	612.75	−0.092%	$254K	$241K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	612.53	−0.129%	$312K	$1.9M	10x	as long as short
Aevo AMD-PERP	+0.0144%	1h	613.40	+0.013%	$11K	—	10x	as long as short
Phoenix AMD	+0.0157%	1h	612.29	−0.168%	$2K	$90K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0158%	1h	612.96	−0.059%	$76K	$151K	10x	as long as short
Variational Omni AMD	+0.0165%	8h	613.08	−0.040%	$2.0M	$3.8M	—	as long as short
GRVT AMD_USDT_Perp	+0.0176%	8h	613.00	−0.052%	$20K	$184K	10x	as long as short
BloFin AMD-USDT	+0.0239%	8h	613.46	+0.023%	$6K	$554K	20x	as long as short
Extended AMD_24_5-USD	+0.0248%	1h	613.24	−0.013%	$459K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0250%	8h	613.42	+0.016%	$72.1M	$204.8M	25x	as long as short