Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.031%

Price spread now: Lighter against SunX−0.056%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2632.635% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.056%, 7d avg −0.021%

Together, before fees+0.271%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.036% cheaper against SunX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.021%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.170% in total) that is about 35 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.8% 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	SunX AMD-USDT	621.34	0	get 0.0000% / 8h	5h 55m	$1K	$8.3M	10x
Short	Lighter AMD	620.99	0.0304	get 0.0038% / 1h	55m 53s	$549K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.056%Rate

Funding earned: $63.84
Price spread: −0.056% → −0.021%: −$3.55
Slippage, 4 orders: −$255.46
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$203.17
Costs to cover: 2.635%
Break-even: 29.3 days

Slippage from SunX: live order book, 13 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 SunX live order book, 13 min ago	45.00 bp	128.7 bp −$129	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.13 bp	1.2 bp −$1	4.3 bp −$43	60.1 bp −$6,008	doesn't fit

AMD on 30 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	−0.0439%	4h	620.98	−0.058%	$81K	$1.6M	10x	as long as short
SunX AMD-USDTlong	0.0000%	8h	621.34	long leg	$1K	$8.3M	10x
HTX AMD-USDT	0.0000%	8h	621.12	−0.035%	$122K	$595K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.65	−0.111%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0016%	8h	621.29	−0.008%	$4.5M	$13.2M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.89	−0.072%	$852K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.548%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.88	−0.074%	$144K	$263K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.06	−0.206%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0057%	1h	621.99	+0.105%	—	$923K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	621.27	−0.011%	$2.1M	$12.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.48	−0.138%	$1.9M	$285K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.47	−0.140%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.14	−0.032%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.72	−0.261%	$305K	$1.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0164%	1h	620.80	−0.087%	$398K	$1.5M	10x	as long as short
Bitget AMDUSDT	+0.0181%	8h	621.32	−0.003%	$10.3M	$17.1M	20x	as long as short
tradeXYZ xyz:AMD	+0.0225%	1h	620.73	−0.098%	$25.1M	$93.6M	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.78	−0.090%	$2K	$89K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.41	+0.012%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0293%	8h	620.96	−0.061%	$6.9M	$27.9M	25x	as long as short
Lighter AMDshort	+0.0304%	1h	620.99	−0.056%	$549K	$2.4M	10x
Nado AMD-PERP	+0.0390%	1h	620.47	−0.140%	$268K	$209K	10x	as long as short
Aster AMDUSDT	+0.0406%	8h	621.13	−0.034%	$72K	$412K	50x	as long as short
SoDEX AMD-USD	+0.0434%	1h	621.01	−0.053%	$25K	$24K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0588%	1h	620.92	−0.068%	$77K	$151K	10x	as long as short
Variational Omni AMD	+0.0723%	8h	621.10	−0.038%	$2.6M	$3.3M	—	as long as short
GRVT AMD_USDT_Perp	+0.0758%	8h	620.31	−0.166%	$18K	$134K	10x	as long as short
Binance AMDUSDT	+0.0783%	8h	621.28	−0.010%	$75.5M	$190.0M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	621.11	−0.037%	$463K	$1.9M	10x	as long as short