Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni−0.046%66s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.679% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.046%, 7d avg −0.002%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.044% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AMZNUSDT	259.84	0.0100	pay 0.0013% / 1h	28m 23s	$93K	$129K	50x
Short	Gate AMZN_USDT	259.72	0	get 0.0000% / 8h	3h 28m	$765K	$2.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$21
Price spread: −0.046% → −0.002%: −$4.45
Slippage, 4 orders: −$42.9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.35
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; Gate: 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 ApeX Omni live order book, 22 min ago	2.51 bp	20.7 bp −$21	446.5 bp −$4,465	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.04 bp	13.6 bp −$14	36.4 bp −$364	doesn't fit	doesn't fit

AMZN 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
Aster AMZNUSDT	0.0000%	8h	259.82	−0.008%	$203K	$211K	20x	as long as short
Gate AMZN_USDTshort	0.0000%	8h	259.72	−0.046%	$765K	$2.7M	100x
Bitget AMZNUSDT	0.0000%	8h	259.91	+0.027%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.91	+0.027%	$9K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.67	−0.065%	$28K	$175K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0003%	8h	259.94	+0.038%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.87	+0.012%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.78	−0.023%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.66	−0.069%	$918K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.79	−0.019%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.78	−0.023%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.76	−0.031%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.71	−0.050%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.79	−0.019%	$676	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.64	−0.077%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0076%	8h	260.00	+0.060%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0076%	1h	259.76	−0.031%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0084%	1h	259.73	−0.042%	$414K	$112K	20x	as long as short
Binance AMZNUSDT	+0.0092%	8h	259.84	0.000%	$16.0M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0096%	1h	259.76	−0.029%	$502K	$2.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.69	−0.058%	$1.5M	$503K	20x	as long as short
ApeX Omni AMZNUSDTlong	+0.0100%	1h	259.84	long leg	$93K	$129K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.80	−0.015%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.74	−0.040%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0144%	1h	259.86	+0.007%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0177%	8h	259.96	+0.046%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0215%	8h	259.93	+0.035%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.27	−0.219%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.058%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0907%	4h	259.90	+0.023%	$28K	$249K	10x	as long as short