Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0162%/8h= +17.8% APRpaid last 24h −0.006%

Price spread now: Aster against Lighter−0.024%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.405%+$40 · spread now −0.024%, 7d avg +0.016%

Together, before fees+0.325%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.040% cheaper against Lighter than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.016%). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	621.28	0.0232	pay 0.0029% / 1h	13m 01s	$544K	$2.5M	10x
Short	Aster AMDUSDT	621.13	0.0394	get 0.0394% / 8h	5h 13m	$72K	$412K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $34.06
Price spread: −0.024% → +0.016%: −$4.03
Slippage, 4 orders: −$23.4
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.37
Costs to cover: 0.314%
Break-even: 7.3 days

Slippage from Lighter: live order book, 4 min ago; Aster: live order book, 49 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	1.3 bp −$1	4.5 bp −$45	54.5 bp −$5,446	doesn't fit
Sell Aster live order book, 49 min ago	2.09 bp	13.7 bp −$14	doesn't fit	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	−0.0058%	4h	621.59	+0.050%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.60	+0.052%	$1K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.46	+0.029%	$122K	$598K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	621.75	+0.076%	$1.8M	$459K	10x	as long as short
Gate AMD_USDT	+0.0012%	8h	621.82	+0.087%	$4.5M	$13.3M	50x	as long as short
Bitget AMDUSDT	+0.0021%	8h	621.61	+0.053%	$10.3M	$17.0M	20x	as long as short
Lighter RH AMD	+0.0032%	1h	621.24	−0.006%	$854K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.539%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.43	+0.024%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.18	−0.016%	$398K	$1.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	620.71	−0.092%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0053%	1h	622.55	+0.204%	—	$923K	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0056%	1h	621.10	−0.029%	$77K	$151K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.54	+0.042%	$2.1M	$11.9M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.12	−0.026%	$1.9M	$281K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.24	−0.006%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.46	+0.029%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	620.69	−0.095%	$300K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0166%	1h	621.16	−0.019%	$25.1M	$93.7M	10x	as long as short
SoDEX AMD-USD	+0.0204%	1h	621.43	+0.024%	$25K	$24K	10x	as long as short
Lighter AMDlong	+0.0232%	1h	621.28	long leg	$544K	$2.5M	10x
Phoenix AMD	+0.0245%	1h	621.30	+0.003%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.84	+0.090%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0309%	8h	621.52	+0.039%	$6.9M	$27.9M	25x	as long as short
Nado AMD-PERP	+0.0319%	1h	620.93	−0.057%	$269K	$217K	10x	as long as short
Aster AMDUSDTshort	+0.0394%	8h	621.13	−0.024%	$72K	$412K	50x
GRVT AMD_USDT_Perp	+0.0692%	8h	621.63	+0.057%	$18K	$138K	10x	as long as short
Variational Omni AMD	+0.0718%	8h	621.62	+0.055%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0754%	8h	621.55	+0.043%	$7K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	621.49	+0.034%	$464K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0777%	8h	621.60	+0.052%	$75.6M	$189.8M	25x	as long as short