Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0267%/8h= −29.2% APRpaid last 24h −0.013%

Price spread now: Lighter RH against OKX−0.040%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.040%, 7d avg −0.026%

Together, before fees+0.126%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% 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	OKX AMD-USDT-SWAP	622.38	0.0299	pay 0.0299% / 8h	5h 01m	$7.0M	$28.0M	25x
Short	Lighter RH AMD	622.13	0.0032	get 0.0004% / 1h	1m 11s	$856K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$55.97
Price spread: −0.040% → −0.026%: −$1.38
Slippage, 4 orders: −$7.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$75.26
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Lighter RH: 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, 2 min ago	0.40 bp	7.0 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.61 bp	1.8 bp −$2	9.7 bp −$97	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	−0.0871%	4h	622.19	−0.030%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.59	+0.034%	$4.5M	$13.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	622.35	−0.005%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	621.94	−0.071%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	622.23	−0.024%	$122K	$602K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.57	+0.031%	$1.8M	$459K	10x	as long as short
Lighter RH AMDshort	+0.0032%	1h	622.13	−0.040%	$856K	$4.4M	10x
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.713%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.25	−0.021%	$144K	$263K	10x	as long as short
Bitget AMDUSDT	+0.0049%	8h	622.47	+0.014%	$10.3M	$17.0M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	622.05	−0.053%	$399K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.54	−0.135%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0055%	1h	623.66	+0.206%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.31	−0.011%	$2.1M	$11.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.20	−0.029%	$1.9M	$281K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.88	−0.080%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.45	+0.011%	$372	$6K	10x	as long as short
SoDEX AMD-USD	+0.0135%	1h	622.31	−0.011%	$26K	$24K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	621.97	−0.066%	$300K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0137%	1h	622.05	−0.053%	$24.5M	$93.9M	10x	as long as short
Lighter AMD	+0.0184%	1h	622.20	−0.029%	$551K	$2.5M	10x	as long as short
Phoenix AMD	+0.0245%	1h	621.99	−0.063%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	622.64	+0.041%	$11K	—	10x	as long as short
Nado AMD-PERP	+0.0281%	1h	621.91	−0.075%	$269K	$219K	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0299%	8h	622.38	long leg	$7.0M	$28.0M	25x
Aster AMDUSDT	+0.0375%	8h	622.23	−0.024%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0619%	8h	622.25	−0.021%	$17K	$141K	10x	as long as short
Variational Omni AMD	+0.0688%	8h	622.24	−0.023%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0741%	8h	622.40	+0.003%	$7K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0752%	1h	622.20	−0.029%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0754%	8h	622.50	+0.019%	$75.3M	$190.8M	25x	as long as short