Funding you earn now, next payment 04:00 UTC+0.0237%/8h= +25.9% APRnext payment +$0.30 per $10,000 · paid last 24h +0.005%
Price spread now: Phoenix against Arcus+0.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.085% dearer against Arcus than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AMZN-USD | 259.77 | 0.0040 | pay 0.0005% / 1h | 27m 04s | $197K | $240K | 10x |
| Short | Phoenix AMZN | 259.99 | 0.0277 | get 0.0035% / 1h | 27m 04s | $5K | $78K | 20x |
Arcus AMZN-USD
Phoenix AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.74
- Price spread: +0.085% → 0.000%
- $8.47
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $46.71
- Costs to cover
- 0.115%
- Break-even
- 0.4 days
Slippage unknown: Arcus: live order book, 26 min ago; Phoenix: no order-book sample. Net counts fees only.
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, 26 min ago | 4.43 bp | 9.3 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 259.81 | +0.015% | $203K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.70 | −0.027% | $764K | $2.7M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.89 | +0.046% | $4.9M | $4.0M | 100x | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 259.89 | +0.048% | $9K | $1.9M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.68 | −0.035% | $28K | $175K | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0002% | 8h | 259.88 | +0.042% | $2.9M | $4.7M | 20x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.86 | +0.035% | $720K | $1.5M | 10x | as long as short |
| Hotstuff AMZN-PERP | +0.0032% | 1h | 259.77 | 0.000% | $33K | — | 20x | as long as short |
| QFEX AMZN-USD | +0.0040% | 1h | 259.78 | +0.004% | $1.4M | $3.8M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0040% | 1h | 259.66 | −0.042% | $918K | $2.4M | 10x | as long as short |
Aster AMZNUSDT
Gate AMZN_USDT
Bitget AMZNUSDT
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
OKX AMZN-USDT-SWAP
Lighter RH AMZN
Hotstuff AMZN-PERP
QFEX AMZN-USD
Coinbase International AMZN-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus AMZN-USDlong | +0.0040% | 1h | 259.77 | long leg | $197K | $240K | 10x | |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.78 | +0.004% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.68 | −0.035% | $322K | $278K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.79 | +0.008% | $681 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.59 | −0.069% | $1.3M | $1.2M | 10x | as long as short |
| Variational Omni AMZN | +0.0076% | 8h | 260.00 | +0.087% | $1.8M | $1.1M | — | as long as short |
| tradeXYZ xyz:AMZN | +0.0076% | 1h | 259.75 | −0.008% | $29.8M | $11.2M | 20x | as long as short |
| Nado AMZN-PERP | +0.0083% | 1h | 259.73 | −0.015% | $414K | $112K | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0088% | 1h | 259.77 | 0.000% | $502K | $2.7M | 10x | as long as short |
| Binance AMZNUSDT | +0.0092% | 8h | 259.85 | +0.030% | $16.0M | $29.8M | 20x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.67 | −0.038% | $1.5M | $503K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.84 | +0.027% | $93K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.78 | +0.004% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.73 | −0.014% | $14K | $510 | 10x | as long as short |
| Lighter AMZN | +0.0144% | 1h | 259.86 | +0.034% | $802K | $1.0M | 20x | as long as short |
| Bybit AMZNUSDT | +0.0175% | 8h | 259.92 | +0.058% | $3.7M | $3.2M | 100x | as long as short |
| BloFin AMZN-USDT | +0.0212% | 8h | 259.84 | +0.027% | $178K | $205K | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.27 | −0.192% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNshort | +0.0277% | 1h | 259.99 | +0.085% | $5K | $78K | 20x | |
| edgeX AMZNUSDC | +0.0915% | 4h | 259.88 | +0.044% | $28K | $247K | 10x | as long as short |
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
Variational Omni AMZN
tradeXYZ xyz:AMZN
Nado AMZN-PERP
Extended AMZN_24_5-USD
Binance AMZNUSDT
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
Lighter AMZN
Bybit AMZNUSDT
BloFin AMZN-USDT
Injective AMZN/USDC PERP
edgeX AMZNUSDC