Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0481%/8h= +52.7% APRpaid last 24h +0.015%

Price spread now: Deribit against Aster−0.043%7-day average −0.047% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.043%, 7d avg −0.047%

Together, before fees+0.340%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.144% in total (about 10.5% 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	Aster AMZNUSDT	260.05	0	get 0.0000% / 8h	7h 48m	$204K	$209K	20x
Short	Deribit AMZN_USDC-PERPETUAL	259.94	0.0481	get 0.0060% / 1h	48m 14s	$29K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $101.11
Price spread: −0.043% → −0.047%: $0.47
Slippage, 4 orders: −$83.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $3
Costs to cover: 0.986%
Break-even: 6.8 days

Slippage from Aster: live order book, 48 min ago; Deribit: live order book, 50 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 Aster live order book, 48 min ago	2.12 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 50 min ago	0.19 bp	3.7 bp −$4	4.4 bp −$44	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	−0.0008%	1h	259.76	−0.112%	$33K	—	20x	as long as short
Aster AMZNUSDTlong	0.0000%	8h	260.05	long leg	$204K	$209K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	260.11	+0.023%	$2.9M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.95	−0.039%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.13	+0.030%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.94	−0.043%	$10K	$1.8M	10x	as long as short
Variational Omni AMZN	+0.0009%	8h	260.17	+0.044%	$1.8M	$1.1M	—	as long as short
Lighter RH AMZN	+0.0032%	1h	259.97	−0.031%	$722K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	260.01	−0.017%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0034%	8h	260.09	+0.013%	$16.1M	$29.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.84	−0.081%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.86	−0.073%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.83	−0.085%	$29.9M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	−0.127%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.99	−0.023%	$687	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.73	−0.123%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	260.01	−0.016%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.89	−0.062%	$917K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.79	−0.100%	$1.5M	$398K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.85	−0.077%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.99	−0.023%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.92	−0.049%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0124%	1h	259.78	−0.104%	$414K	$114K	20x	as long as short
BloFin AMZN-USDT	+0.0135%	8h	260.04	−0.004%	$178K	$302K	20x	as long as short
Lighter AMZN	+0.0160%	1h	259.97	−0.032%	$744K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.35	+0.115%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.92	−0.050%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0340%	4h	259.96	−0.035%	$28K	$249K	10x	as long as short
Deribit AMZN_USDC-PERPETUALshort	+0.0481%	1h	259.94	−0.043%	$29K	$173K	10x
Bybit AMZNUSDT	+0.0489%	8h	260.17	+0.046%	$4.0M	$3.3M	100x	as long as short