Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.020%

Price spread now: Phoenix against Binance+0.004%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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	260.73	0.0057	pay 0.0057% / 8h	6h 59m	$16.2M	$30.5M	20x
Short	Phoenix AMZN	260.74	0.0246	get 0.0031% / 1h	59m 19s	$5K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.004%Rate

Funding earned: $39.71
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $23.1
Costs to cover: 0.170%
Break-even: 2.9 days

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.19 bp	6.4 bp −$6	11.2 bp −$112	46.3 bp −$4,626	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
Hotstuff AMZN-PERP	−0.1168%	1h	260.31	−0.161%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.50	−0.088%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.84	+0.042%	$2.9M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.59	−0.054%	$779K	$2.5M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.73	0.000%	$4.8M	$4.2M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.61	−0.046%	$719K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0033%	8h	260.88	+0.056%	$1.8M	$1.2M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.52	−0.081%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	260.54	−0.073%	$30.0M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.53	−0.077%	$323K	$284K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AMZN-USD	+0.0050%	1h	260.66	−0.027%	$705	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.19	−0.207%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	260.61	−0.046%	$1.4M	$3.5M	10x	as long as short
Extended AMZN_24_5-USD	+0.0056%	1h	260.66	−0.025%	$504K	$3.0M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0057%	1h	260.60	−0.050%	$29K	$139K	10x	as long as short
Binance AMZNUSDTlong	+0.0057%	8h	260.73	long leg	$16.2M	$30.5M	20x
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.35	−0.146%	$942K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.51	−0.084%	$1.5M	$441K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.62	−0.042%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.69	−0.015%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.66	−0.026%	$14K	$510	10x	as long as short
Arcus AMZN-USD	+0.0142%	1h	260.53	−0.077%	$198K	$233K	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0146%	8h	260.80	+0.026%	$12K	$1.8M	10x	as long as short
Nado AMZN-PERP	+0.0150%	1h	260.45	−0.105%	$413K	$114K	20x	as long as short
BloFin AMZN-USDT	+0.0175%	8h	260.86	+0.050%	$178K	$312K	20x	as long as short
Lighter AMZN	+0.0208%	1h	260.63	−0.039%	$744K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.85	+0.046%	$75K	$27K	30x	as long as short
Phoenix AMZNshort	+0.0246%	1h	260.74	+0.004%	$5K	$73K	20x
Bybit AMZNUSDT	+0.0527%	8h	260.83	+0.038%	$4.3M	$3.5M	100x	as long as short
edgeX AMZNUSDC	+0.0869%	4h	260.79	+0.024%	$28K	$250K	10x	as long as short