Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.026%

Price spread now: Coinbase International against Binance−0.062%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 2 days (all we have)−0.165%−$17 · spread now −0.062%, 7d avg −0.118%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.056% dearer against Binance than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.118%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% 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	Binance AMZNUSDT	259.40	0.0275	pay 0.0275% / 8h	7h 32m	$16.2M	$30.0M	20x
Short	Coinbase International AMZN-PERP-INTX	259.24	0.0072	get 0.0009% / 1h	32m 47s	$939K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$42.65
Price spread: −0.062% → −0.118%: $5.6
Slippage, 4 orders: −$10.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.3
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Coinbase International: 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 Binance live order book, 9 min ago	0.19 bp	6.4 bp −$6	12.4 bp −$124	47.0 bp −$4,701	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.09 bp	8.4 bp −$8	10.6 bp −$106	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	259.24	−0.062%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.19	−0.081%	$766K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.22	−0.069%	$27K	$173K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.47	+0.027%	$717K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.15	−0.096%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.22	−0.069%	$306K	$281K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.32	−0.031%	$623	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.06	−0.131%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.33	−0.027%	$1.4M	$4.3M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0072%	1h	259.24	−0.062%	$939K	$2.5M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff AMZN-PERP	+0.0080%	1h	259.26	−0.054%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.27	−0.050%	$1.5M	$604K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.19	−0.081%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.37	−0.012%	$1K	$320	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0102%	8h	259.37	−0.012%	$14K	$1.8M	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.29	−0.041%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0130%	8h	259.39	−0.004%	$2.9M	$4.4M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0149%	1h	259.30	−0.039%	$28.6M	$10.7M	20x	as long as short
Bybit AMZNUSDT	+0.0197%	8h	259.42	+0.008%	$3.7M	$3.2M	100x	as long as short
Nado AMZN-PERP	+0.0198%	1h	259.19	−0.080%	$414K	$122K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.78	−0.239%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0224%	1h	259.41	+0.005%	$827K	$1.1M	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.28	−0.046%	$197K	$241K	10x	as long as short
Bitget AMZNUSDT	+0.0260%	8h	259.41	+0.004%	$4.8M	$3.8M	100x	as long as short
Variational Omni AMZN	+0.0271%	8h	259.35	−0.021%	$1.8M	$1.4M	—	as long as short
Extended AMZN_24_5-USD	+0.0272%	1h	259.35	−0.021%	$498K	$4.0M	10x	as long as short
Binance AMZNUSDTlong	+0.0275%	8h	259.40	long leg	$16.2M	$30.0M	20x
Phoenix AMZN	+0.0339%	1h	259.34	−0.023%	$5K	$98K	20x	as long as short
edgeX AMZNUSDC	+0.0350%	4h	259.33	−0.026%	$28K	$248K	10x	as long as short
BloFin AMZN-USDT	+0.0395%	8h	259.41	+0.004%	$179K	$215K	20x	as long as short