Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.009%

Price spread now: Lighter against OKX−0.077%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.077%, 7d avg +0.035%

Together, before fees+0.194%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.112% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMD-USDT-SWAP	623.10	0.0204	pay 0.0204% / 8h	7h 51m	$6.9M	$28.4M	25x
Short	Lighter AMD	622.62	0.0152	get 0.0019% / 1h	51m 24s	$535K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$10.95
Price spread: −0.077% → +0.035%: −$11.22
Slippage, 4 orders: −$8.09
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.26
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 6 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 OKX live order book, 2 min ago	0.32 bp	6.4 bp −$6	12.5 bp −$125	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.28 bp	1.4 bp −$1	6.0 bp −$60	40.5 bp −$4,051	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	−0.0505%	4h	623.27	+0.028%	$82K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	623.11	+0.002%	$2K	$8.8M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	623.13	+0.005%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.52	−0.093%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.826%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	623.73	+0.101%	—	$924K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.40	−0.112%	$1.5M	$4.7M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.95	−0.024%	$2.3M	$13.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.53	−0.091%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	623.23	+0.021%	$380	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	622.59	−0.082%	$312K	$1.8M	10x	as long as short
Lighter AMDshort	+0.0152%	1h	622.62	−0.077%	$535K	$2.3M	10x
OKX AMD-USDT-SWAPlong	+0.0204%	8h	623.10	long leg	$6.9M	$28.4M	25x
Phoenix AMD	+0.0219%	1h	622.53	−0.091%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0224%	1h	622.59	−0.081%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0235%	8h	621.85	−0.201%	$72K	$416K	50x	as long as short
Gate AMD_USDT	+0.0384%	8h	623.16	+0.010%	$4.5M	$13.2M	50x	as long as short
Nado AMD-PERP	+0.0423%	1h	622.06	−0.167%	$319K	$166K	10x	as long as short
HTX AMD-USDT	+0.0518%	8h	622.86	−0.039%	$132K	$579K	20x	as long as short
Variational Omni AMD	+0.0536%	8h	623.02	−0.013%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0576%	1h	622.98	−0.019%	$464K	$1.6M	10x	as long as short
Binance AMDUSDT	+0.0581%	8h	623.18	+0.013%	$75.9M	$191.7M	25x	as long as short
BloFin AMD-USDT	+0.0594%	8h	623.19	+0.014%	$6K	$548K	20x	as long as short
Bitget AMDUSDT	+0.0621%	8h	623.10	0.000%	$10.2M	$17.6M	20x	as long as short
SoDEX AMD-USD	+0.0625%	1h	622.63	−0.075%	$26K	$24K	10x	as long as short
Arcus AMD-USD	+0.0782%	1h	622.73	−0.059%	$144K	$265K	10x	as long as short
tradeXYZ xyz:AMD	+0.0838%	1h	622.41	−0.111%	$25.0M	$93.1M	10x	as long as short
Polymarket Perps AMD-USD	+0.0876%	1h	622.62	−0.077%	$397K	$1.5M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0940%	1h	622.67	−0.069%	$78K	$151K	10x	as long as short
ApeX Omni AMDUSDT	+0.1000%	1h	622.55	−0.088%	$80K	$259K	50x	as long as short
GRVT AMD_USDT_Perp	+0.1467%	8h	623.14	+0.006%	$18K	$131K	10x	as long as short