Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.031%

Price spread now: Bybit against Arcus+0.077%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.077%, 7d avg +0.087%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.041% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AMZN-USD	259.78	0.0105	pay 0.0013% / 1h	50m 03s	$197K	$207K	10x
Short	Bybit AMZNUSDT	259.98	0.0389	get 0.0389% / 8h	4h 50m	$4.3M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: $59.76
Price spread: +0.077% → +0.087%: −$0.97
Slippage, 4 orders: −$25.71
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $17.58
Costs to cover: 0.412%
Break-even: 4.9 days

Slippage from Arcus: live order book, 56 min ago; Bybit: live order book, 1 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 Arcus live order book, 56 min ago	4.05 bp	7.3 bp −$7	9.4 bp −$94	20.0 bp −$1,997	doesn't fit
Sell Bybit live order book, 1 min ago	0.77 bp	13.0 bp −$13	21.7 bp −$217	doesn't fit	doesn't fit

AMZN on 30 exchanges

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	259.89	+0.044%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.63	−0.058%	$827K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.75	−0.012%	$711K	$1.5M	10x	as long as short
Hotstuff AMZN-PERP	+0.0040%	1h	259.77	−0.004%	$33K	—	20x	as long as short
QFEX AMZN-USD	+0.0041%	1h	259.88	+0.038%	$1.4M	$3.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.77	−0.004%	—	$104K	25x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	259.55	−0.089%	$933K	$2.5M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.70	−0.031%	$30.2M	$11.6M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.83	+0.019%	$313K	$297K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.77	−0.004%	$712	$5K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.66	−0.046%	$1.3M	$1.0M	10x	as long as short
Bitget AMZNUSDT	+0.0053%	8h	259.85	+0.027%	$5.0M	$5.0M	100x	as long as short
OKX AMZN-USDT-SWAP	+0.0086%	8h	259.86	+0.031%	$2.9M	$5.0M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.031%	$1.5M	$538K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.88	+0.038%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.10	+0.123%	$1K	$1K	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.73	−0.019%	$14K	$510	10x	as long as short
Arcus AMZN-USDlong	+0.0105%	1h	259.78	long leg	$197K	$207K	10x
Lighter AMZN	+0.0112%	1h	259.76	−0.008%	$726K	$1.2M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0135%	1h	259.68	−0.038%	$37K	$135K	10x	as long as short
Nado AMZN-PERP	+0.0200%	1h	259.77	−0.003%	$404K	$115K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.01	+0.089%	$76K	$23K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.95	+0.065%	$5K	$95K	20x	as long as short
Variational Omni AMZN	+0.0292%	8h	259.99	+0.081%	$1.8M	$1.0M	—	as long as short
Extended AMZN_24_5-USD	+0.0312%	1h	259.75	−0.011%	$494K	$4.0M	10x	as long as short
Binance AMZNUSDT	+0.0313%	8h	259.84	+0.023%	$16.5M	$32.4M	20x	as long as short
Bybit AMZNUSDTshort	+0.0389%	8h	259.98	+0.077%	$4.3M	$3.7M	100x
BloFin AMZN-USDT	+0.0434%	8h	260.08	+0.115%	$184K	$318K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0480%	8h	260.10	+0.124%	$17K	$1.8M	10x	as long as short
edgeX AMZNUSDC	+0.0686%	4h	260.01	+0.087%	$28K	$248K	10x	as long as short