Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0686%/8h= +75.1% APRpaid last 24h +0.185%

Price spread now: edgeX against Binance−0.012%70s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.323% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.012%, 7d avg −0.006%

Together, before fees−0.214%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.248%, so the current rate has only just turned in your favour. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -12.9% 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	259.86	0.0022	pay 0.0022% / 8h	2h 28m	$15.9M	$29.8M	20x
Short	edgeX AMZNUSDC	259.83	0.0708	get 0.0354% / 4h	2h 28m	$28K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $144.03
Price spread: −0.012% → −0.006%: −$0.57
Slippage, 4 orders: −$13.3
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $111.16
Costs to cover: 0.323%
Break-even: 1.6 days

Slippage from Binance: live order book, 13 min ago; edgeX: live order book, 19 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, 13 min ago	0.19 bp	6.6 bp −$7	11.9 bp −$119	51.0 bp −$5,102	doesn't fit
Sell edgeX live order book, 19 min ago	5.39 bp	10.3 bp −$10	14.8 bp −$148	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
Deribit AMZN_USDC-PERPETUAL	−0.0058%	1h	259.70	−0.062%	$28K	$175K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.85	−0.002%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.84	−0.008%	$2.8M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.67	−0.073%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.87	+0.004%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.88	+0.010%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	0.000%	$10K	$1.8M	10x	as long as short
QFEX AMZN-USD	+0.0020%	1h	259.78	−0.031%	$1.4M	$3.7M	10x	as long as short
Binance AMZNUSDTlong	+0.0022%	8h	259.86	long leg	$15.9M	$29.8M	20x
Extended AMZN_24_5-USD	+0.0024%	1h	259.79	−0.028%	$499K	$3.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.50	−0.139%	$917K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.89	+0.012%	$726K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.72	−0.054%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	−0.042%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	−0.054%	$321K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.82	−0.015%	$686	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.58	−0.108%	$1.3M	$1.1M	10x	as long as short
Nado AMZN-PERP	+0.0090%	1h	259.77	−0.036%	$414K	$113K	20x	as long as short
BloFin AMZN-USDT	+0.0093%	8h	259.85	−0.004%	$177K	$205K	20x	as long as short
Hotstuff AMZN-PERP	+0.0096%	1h	259.73	−0.050%	$33K	—	20x	as long as short
Bybit AMZNUSDT	+0.0099%	8h	259.96	+0.038%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.67	−0.073%	$1.5M	$471K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.70	−0.062%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	−0.004%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.78	−0.032%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.85	−0.002%	$748K	$1.3M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0154%	1h	259.81	−0.019%	$30.0M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.03	+0.065%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.89	+0.012%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0708%	4h	259.83	−0.012%	$28K	$249K	10x