Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.022%

Price spread now: OKX against Lighter+0.035%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.035%, 7d avg −0.035%

Together, before fees−0.169%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.071% dearer against Lighter than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.035%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMD	620.20	0.0224	pay 0.0028% / 1h	43m 38s	$525K	$2.5M	10x
Short	OKX AMD-USDT-SWAP	620.42	0.0126	get 0.0126% / 8h	43m 38s	$6.8M	$28.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$20.52
Price spread: +0.035% → −0.035%: $7.07
Slippage, 4 orders: −$5.2
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.66
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; OKX: live order book, 5 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	0.73 bp	0.7 bp −$1	2.9 bp −$29	59.1 bp −$5,909	doesn't fit
Sell OKX live order book, 5 min ago	0.97 bp	6.6 bp −$7	10.0 bp −$100	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	−0.0163%	4h	620.73	+0.086%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.69	+0.079%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.47	+0.044%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.42	+0.035%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.13	−0.011%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.03	−0.027%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.367%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.20	+0.161%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.52	−0.110%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0052%	1h	620.00	−0.032%	$395K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	620.46	+0.042%	$2.3M	$13.4M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.092%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.15	−0.008%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.37	+0.027%	$378	$6K	10x	as long as short
OKX AMD-USDT-SWAPshort	+0.0126%	8h	620.42	+0.035%	$6.8M	$28.6M	25x
tradeXYZ xyz:AMD	+0.0138%	1h	619.87	−0.053%	$24.8M	$94.8M	10x	as long as short
Phoenix AMD	+0.0207%	1h	620.31	+0.018%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.70	+0.081%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0219%	1h	620.33	+0.021%	$25K	$24K	10x	as long as short
Aster AMDUSDT	+0.0222%	8h	620.62	+0.067%	$72K	$416K	50x	as long as short
Lighter AMDlong	+0.0224%	1h	620.20	long leg	$525K	$2.5M	10x
ApeX Omni AMDUSDT	+0.0284%	1h	620.67	+0.076%	$80K	$259K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0489%	8h	620.84	+0.103%	$18K	$134K	10x	as long as short
Variational Omni AMD	+0.0503%	8h	620.85	+0.104%	$2.7M	$3.2M	—	as long as short
Nado AMD-PERP	+0.0528%	1h	619.52	−0.109%	$317K	$167K	10x	as long as short
BloFin AMD-USDT	+0.0542%	8h	620.49	+0.047%	$6K	$545K	20x	as long as short
Bitget AMDUSDT	+0.0546%	8h	620.47	+0.044%	$10.1M	$18.1M	20x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.47	+0.043%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0554%	8h	620.61	+0.066%	$75.7M	$192.1M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0718%	1h	620.17	−0.005%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.31	+0.018%	$145K	$265K	10x	as long as short