Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.014%

Price spread now: Nado against Binance−0.087%48s7-day average −0.025% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.370% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.087%, 7d avg −0.025%

Together, before fees−0.063%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.062% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 48 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	Binance AMZNUSDT	259.89	0.0147	pay 0.0147% / 8h	5h 05m	$16.1M	$29.6M	20x
Short	Nado AMZN-PERP	259.67	0.0066	get 0.0008% / 1h	5m 48s	$415K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.087%Rate

Funding earned: −$16.96
Price spread: −0.087% → −0.025%: −$6.19
Slippage, 4 orders: −$19.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$60.12
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Nado: live order book, 57 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, 6 min ago	0.58 bp	6.0 bp −$6	10.9 bp −$109	41.0 bp −$4,101	doesn't fit
Sell Nado live order book, 57 min ago	0.77 bp	13.3 bp −$13	45.5 bp −$455	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	−0.071%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.70	−0.075%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.66	−0.090%	$764K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	−0.013%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.64	−0.098%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0001%	8h	259.94	+0.018%	$4.8M	$3.9M	100x	as long as short
edgeX AMZNUSDC	+0.0026%	4h	259.86	−0.015%	$28K	$248K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.90	+0.002%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.81	−0.032%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.70	−0.075%	$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-USD	+0.0040%	1h	259.78	−0.044%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.69	−0.079%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.74	−0.059%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	−0.067%	$321K	$291K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.84	−0.021%	$646	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.66	−0.090%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0054%	8h	259.91	+0.006%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERPshort	+0.0066%	1h	259.67	−0.087%	$415K	$118K	20x
Bybit AMZNUSDT	+0.0088%	8h	259.89	−0.002%	$3.8M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.075%	$1.5M	$547K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.65	−0.094%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	−0.017%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.82	−0.031%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.88	−0.004%	$823K	$1.1M	20x	as long as short
Variational Omni AMZN	+0.0129%	8h	259.90	+0.004%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.84	−0.020%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDTlong	+0.0147%	8h	259.89	long leg	$16.1M	$29.6M	20x
Injective AMZN/USDC PERP	+0.0220%	1h	259.61	−0.109%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.89	−0.002%	$5K	$77K	20x	as long as short
BloFin AMZN-USDT	+0.0266%	8h	259.79	−0.040%	$179K	$204K	20x	as long as short