Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.104%

Price spread now: edgeX against Arcus+0.029%54s7-day average +0.057% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.405% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.278%−$28 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.029%, 7d avg +0.057%

Together, before fees−0.206%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.028% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 54 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	Arcus AMZN-USD	259.78	0.0040	pay 0.0005% / 1h	6m 14s	$197K	$240K	10x
Short	edgeX AMZNUSDC	259.86	0.0026	get 0.0013% / 4h	1h 06m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$2.92
Price spread: +0.029% → +0.057%: −$2.81
Slippage, 4 orders: −$27
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.23
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Arcus: live order book, 57 min ago; edgeX: live order book, 56 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, 57 min ago	3.66 bp	10.1 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	5.40 bp	10.3 bp −$10	14.5 bp −$145	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
Hotstuff AMZN-PERP	−0.0072%	1h	259.71	−0.027%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.69	−0.035%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.66	−0.046%	$764K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.031%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.64	−0.054%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0002%	8h	259.93	+0.058%	$4.8M	$3.9M	100x	as long as short
edgeX AMZNUSDCshort	+0.0026%	4h	259.86	+0.029%	$28K	$248K	10x
Lighter RH AMZN	+0.0032%	1h	259.90	+0.046%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.81	+0.012%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.70	−0.031%	$924K	$2.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USDlong	+0.0040%	1h	259.78	long leg	$197K	$240K	10x
Vest AMZN-USD-PERP	+0.0046%	1h	259.69	−0.035%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.75	−0.012%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	−0.023%	$321K	$291K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.84	+0.023%	$646	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.66	−0.046%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0054%	8h	259.90	+0.046%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERP	+0.0066%	1h	259.67	−0.043%	$415K	$118K	20x	as long as short
Bybit AMZNUSDT	+0.0088%	8h	259.89	+0.042%	$3.8M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.031%	$1.5M	$547K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.65	−0.050%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	+0.027%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.82	+0.014%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.86	+0.029%	$823K	$1.1M	20x	as long as short
Variational Omni AMZN	+0.0130%	8h	259.94	+0.064%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.84	+0.024%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0147%	8h	259.91	+0.050%	$16.1M	$29.6M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.61	−0.065%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.89	+0.042%	$5K	$77K	20x	as long as short
BloFin AMZN-USDT	+0.0266%	8h	259.79	+0.004%	$179K	$204K	20x	as long as short