Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.076%

Price spread now: Variational Omni against Lighter RH+0.099%7-day average +0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.099%, 7d avg +0.033%

Together, before fees−0.148%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.066% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.033%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.059% in total (about 6.6% 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	Lighter RH AMD	619.11	0.0032	pay 0.0004% / 1h	5m 54s	$833K	$4.7M	10x
Short	Variational Omni AMD	619.72	0.0460	get 0.0460% / 8h	1h 05m	$2.7M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter RH. 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 Lighter RHbpFee Variational OmnibpOrdersPrice spread, now +0.099%Rate

Funding earned: $89.91
Price spread: +0.099% → +0.033%: $6.55
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $96.46
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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 RH live order book, 3 min ago	2.66 bp	2.8 bp −$3	11.6 bp −$116	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.48 bp	doesn't fit	12.3 bp −$123	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	−0.0521%	4h	619.71	+0.097%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.67	+0.090%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	619.59	+0.078%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.19	+0.013%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.14	+0.005%	$1.8M	$460K	10x	as long as short
Lighter RH AMDlong	+0.0032%	1h	619.11	long leg	$833K	$4.7M	10x
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.194%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	620.16	+0.170%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	618.86	−0.040%	$1.5M	$4.9M	10x	as long as short
Polymarket Perps AMD-USD	+0.0057%	1h	619.23	+0.019%	$394K	$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
OKX AMD-USDT-SWAP	+0.0070%	8h	619.41	+0.048%	$6.8M	$28.7M	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	618.86	−0.040%	$311K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.45	+0.055%	$2.3M	$13.4M	10x	as long as short
tradeXYZ xyz:AMD	+0.0095%	1h	618.91	−0.032%	$24.8M	$95.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.25	+0.023%	$1.9M	$320K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.37	+0.042%	$378	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.39	+0.045%	$2K	$94K	10x	as long as short
Aster AMDUSDT	+0.0185%	8h	618.81	−0.048%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0192%	1h	619.25	+0.023%	$535K	$2.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0198%	1h	619.85	+0.120%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0208%	1h	619.86	+0.121%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0253%	1h	619.45	+0.055%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0416%	1h	618.72	−0.063%	$315K	$166K	10x	as long as short
Variational Omni AMDshort	+0.0460%	8h	619.72	+0.099%	$2.7M	$3.1M	—
GRVT AMD_USDT_Perp	+0.0461%	8h	619.76	+0.105%	$17K	$137K	10x	as long as short
Binance AMDUSDT	+0.0518%	8h	619.64	+0.086%	$75.5M	$193.1M	25x	as long as short
Extended AMD_24_5-USD	+0.0520%	1h	619.52	+0.066%	$458K	$1.5M	10x	as long as short
Bitget AMDUSDT	+0.0522%	8h	619.56	+0.073%	$10.1M	$18.2M	20x	as long as short
BloFin AMD-USDT	+0.0537%	8h	619.64	+0.086%	$6K	$546K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0558%	1h	619.16	+0.008%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0780%	1h	619.34	+0.037%	$144K	$267K	10x	as long as short