Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.029%

Price spread now: Gate against Lighter+0.067%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days−0.195%−$20 · spread now +0.067%, 7d avg +0.012%

Together, before fees−0.363%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.055% dearer against Lighter than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.012%): +$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 5.7 days. At the pace of the last 7 days (−0.167% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	612.91	0.0032	pay 0.0004% / 1h	20m 45s	$523K	$2.6M	10x
Short	Gate AMD_USDT	613.32	0	get 0.0000% / 8h	20m 45s	$4.5M	$14.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.067%Rate

Funding earned: −$6.72
Price spread: +0.067% → +0.012%: $5.46
Slippage, 4 orders: −$15.55
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.81
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; Gate: 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 Lighter live order book, 11 min ago	1.14 bp	1.2 bp −$1	4.0 bp −$40	65.0 bp −$6,496	doesn't fit
Sell Gate live order book, 3 min ago	1.71 bp	12.7 bp −$13	69.0 bp −$690	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	−0.0884%	4h	612.34	−0.094%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0273%	8h	613.50	+0.096%	$10.4M	$17.5M	20x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	552.18	−9.908%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	612.91	0.000%	$70K	$416K	50x	as long as short
Gate AMD_USDTshort	0.0000%	8h	613.32	+0.067%	$4.5M	$14.5M	50x
SunX AMD-USDT	0.0000%	8h	613.13	+0.036%	$1K	$8.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.23	+0.052%	$101K	$635K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.61	−0.049%	$1.7M	$465K	10x	as long as short
Lighter AMDlong	+0.0032%	1h	612.91	long leg	$523K	$2.6M	10x
Lighter RH AMD	+0.0032%	1h	612.76	−0.024%	$797K	$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	612.72	−0.031%	$129K	$285K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0044%	1h	612.70	−0.034%	$76K	$151K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	613.73	+0.134%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.62	−0.047%	$22.0M	$96.1M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	612.80	−0.018%	$395K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	612.96	+0.008%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.64	−0.044%	$1.4M	$5.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0060%	8h	613.00	+0.015%	$6.6M	$29.5M	25x	as long as short
QFEX AMD-USD	+0.0069%	1h	613.03	+0.020%	$2.0M	$11.5M	10x	as long as short
Nado AMD-PERP	+0.0096%	1h	612.60	−0.050%	$255K	$241K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.69	−0.036%	$1.9M	$303K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.33	−0.095%	$79K	$255K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.90	−0.002%	$367	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	612.53	−0.062%	$312K	$1.9M	10x	as long as short
Aevo AMD-PERP	+0.0144%	1h	613.21	+0.050%	$11K	—	10x	as long as short
Phoenix AMD	+0.0157%	1h	612.30	−0.100%	$2K	$90K	10x	as long as short
Variational Omni AMD	+0.0162%	8h	613.05	+0.022%	$2.0M	$3.8M	—	as long as short
GRVT AMD_USDT_Perp	+0.0165%	8h	612.72	−0.030%	$19K	$179K	10x	as long as short
BloFin AMD-USDT	+0.0245%	8h	613.22	+0.051%	$6K	$554K	20x	as long as short
Extended AMD_24_5-USD	+0.0248%	1h	613.14	+0.037%	$461K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0250%	8h	613.19	+0.046%	$72.0M	$204.8M	25x	as long as short