Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.048%

Price spread now: Bitget against Lighter+0.066%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.066%, 7d avg +0.020%

Together, before fees−0.109%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.046% dearer against Lighter than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.020%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	621.91	0.0032	pay 0.0004% / 1h	24m 23s	$554K	$2.5M	10x
Short	Bitget AMDUSDT	622.32	0	get 0.0000% / 8h	4h 24m	$10.3M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$6.72
Price spread: +0.066% → +0.020%: $4.6
Slippage, 4 orders: −$12.87
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.99
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Bitget: 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 live order book, 3 min ago	1.53 bp	1.6 bp −$2	4.4 bp −$44	43.1 bp −$4,306	doesn't fit
Sell Bitget live order book, 4 min ago	1.13 bp	9.7 bp −$10	21.3 bp −$213	43.9 bp −$4,388	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	−0.0536%	4h	621.31	−0.096%	$79K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.34	+0.069%	$4.5M	$13.5M	50x	as long as short
Bitget AMDUSDTshort	0.0000%	8h	622.32	+0.066%	$10.3M	$17.1M	20x
SunX AMD-USDT	0.0000%	8h	621.75	−0.026%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	621.65	−0.042%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.76	−0.024%	$121K	$614K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.05	+0.023%	$1.8M	$458K	10x	as long as short
Lighter AMDlong	+0.0032%	1h	621.91	long leg	$554K	$2.5M	10x
Lighter RH AMD	+0.0032%	1h	621.90	−0.002%	$840K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.639%	$5K	$55K	12x	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	621.75	−0.026%	$145K	$263K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	621.75	−0.026%	$23.7M	$94.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.75	−0.026%	$398K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	621.78	−0.021%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.02	−0.143%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0060%	1h	623.35	+0.232%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.95	+0.006%	$2.1M	$11.6M	10x	as long as short
Nado AMD-PERP	+0.0083%	1h	621.73	−0.029%	$269K	$225K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.79	−0.019%	$1.9M	$288K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	621.35	−0.090%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.07	+0.026%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	621.21	−0.113%	$316K	$1.8M	10x	as long as short
Phoenix AMD	+0.0206%	1h	621.30	−0.098%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.37	+0.075%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0249%	8h	622.20	+0.047%	$6.9M	$28.1M	25x	as long as short
Aster AMDUSDT	+0.0290%	8h	621.82	−0.014%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0389%	8h	621.59	−0.052%	$18K	$146K	10x	as long as short
Variational Omni AMD	+0.0588%	8h	621.72	−0.030%	$2.6M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0643%	8h	621.97	+0.010%	$7K	$550K	20x	as long as short
Binance AMDUSDT	+0.0646%	8h	622.25	+0.055%	$73.3M	$194.6M	25x	as long as short
Extended AMD_24_5-USD	+0.0648%	1h	622.00	+0.015%	$463K	$1.9M	10x	as long as short