Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.028%

Price spread now: QFEX against Binance−0.045%53s7-day average −0.048% · 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−$240.245% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.053%−$5 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.045%, 7d avg −0.048%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 53 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	259.90	0.0085	pay 0.0085% / 8h	3h 22m	$16.0M	$29.8M	20x
Short	QFEX AMZN-USD	259.78	0.0040	get 0.0005% / 1h	22m 40s	$1.4M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$9.37
Price spread: −0.045% → −0.048%: $0.22
Slippage, 4 orders: −$4.46
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.61
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; QFEX: live order book, 6 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, 4 min ago	0.38 bp	6.0 bp −$6	10.8 bp −$108	39.1 bp −$3,914	doesn't fit
Sell QFEX live order book, 6 min ago	1.54 bp	6.5 bp −$7	6.5 bp −$65	12.2 bp −$1,225	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	259.87	−0.010%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.83	−0.026%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.73	−0.065%	$765K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	−0.003%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.84	−0.021%	$9K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.70	−0.076%	$28K	$175K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.89	−0.003%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USDshort	+0.0040%	1h	259.78	−0.045%	$1.4M	$3.8M	10x
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.72	−0.069%	$917K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.73	−0.065%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.79	−0.042%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.70	−0.076%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.85	−0.019%	$687	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.61	−0.111%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0068%	8h	259.81	−0.034%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0074%	1h	259.86	−0.015%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0075%	1h	259.77	−0.049%	$414K	$112K	20x	as long as short
Binance AMZNUSDTlong	+0.0085%	8h	259.90	long leg	$16.0M	$29.8M	20x
Extended AMZN_24_5-USD	+0.0088%	1h	259.82	−0.031%	$502K	$2.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.65	−0.095%	$1.5M	$502K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.68	−0.084%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.82	−0.030%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.80	−0.038%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0120%	1h	259.77	−0.049%	$33K	—	20x	as long as short
Lighter AMZN	+0.0136%	1h	259.90	+0.001%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0165%	8h	259.96	+0.024%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0206%	8h	259.87	−0.011%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.51	−0.149%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.85	−0.019%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0435%	4h	259.81	−0.035%	$28K	$248K	10x	as long as short