Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0225%/8h= −24.6% APRpaid last 24h −0.028%

Price spread now: Polymarket Perps against Binance−0.116%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 2 days (all we have)+0.027%+$3 · spread now −0.116%, 7d avg −0.064%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% 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	259.51	0.0275	pay 0.0275% / 8h	7h 31m	$16.2M	$29.9M	20x
Short	Polymarket Perps AMZN-USD	259.21	0.0050	get 0.0006% / 1h	31m 53s	$309K	$285K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$47.15
Price spread: −0.116% → −0.064%: −$5.15
Slippage, 4 orders: −$9.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$79.86
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Polymarket Perps: live order book, 40 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, 10 min ago	0.19 bp	6.4 bp −$6	12.4 bp −$124	47.0 bp −$4,701	doesn't fit
Sell Polymarket Perps live order book, 40 min ago	1.54 bp	5.5 bp −$6	7.1 bp −$71	9.5 bp −$950	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	259.34	−0.067%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.29	−0.085%	$766K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.56	+0.019%	$717K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.24	−0.104%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USDshort	+0.0050%	1h	259.21	−0.116%	$309K	$285K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.41	−0.039%	$626	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.06	−0.173%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.37	−0.054%	$1.4M	$4.3M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0059%	1h	259.29	−0.085%	$27K	$173K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.24	−0.104%	$939K	$2.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.40	−0.042%	$1.5M	$604K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.19	−0.123%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.44	−0.027%	$1K	$320	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0102%	8h	259.37	−0.054%	$14K	$1.8M	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.36	−0.059%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0129%	8h	259.47	−0.015%	$2.9M	$4.5M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0146%	1h	259.42	−0.035%	$28.7M	$10.7M	20x	as long as short
Bybit AMZNUSDT	+0.0191%	8h	259.51	0.000%	$3.7M	$3.2M	100x	as long as short
Nado AMZN-PERP	+0.0196%	1h	259.24	−0.105%	$414K	$122K	20x	as long as short
Hotstuff AMZN-PERP	+0.0208%	1h	259.32	−0.073%	$33K	—	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.78	−0.281%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0224%	1h	259.53	+0.007%	$827K	$1.1M	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.29	−0.085%	$197K	$241K	10x	as long as short
Bitget AMZNUSDT	+0.0257%	8h	259.42	−0.035%	$4.8M	$3.8M	100x	as long as short
Variational Omni AMZN	+0.0271%	8h	259.35	−0.064%	$1.8M	$1.4M	—	as long as short
Extended AMZN_24_5-USD	+0.0272%	1h	259.47	−0.017%	$498K	$3.9M	10x	as long as short
Binance AMZNUSDTlong	+0.0275%	8h	259.51	long leg	$16.2M	$29.9M	20x
Phoenix AMZN	+0.0339%	1h	259.34	−0.066%	$5K	$98K	20x	as long as short
edgeX AMZNUSDC	+0.0350%	4h	259.33	−0.068%	$28K	$248K	10x	as long as short
BloFin AMZN-USDT	+0.0395%	8h	259.41	−0.039%	$179K	$215K	20x	as long as short