Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.030%

Price spread now: Deribit against Bitget−0.073%58s7-day average −0.061% · 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−$330.328% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.073%, 7d avg −0.061%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.071%, so the current rate has only just turned against you. The two prices were read 58 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	Bitget AMZNUSDT	259.88	0.0013	pay 0.0013% / 8h	5h 33m	$4.8M	$4.0M	100x
Short	Deribit AMZN_USDC-PERPETUAL	259.69	0	get 0.0000% / 1h	33m 19s	$28K	$174K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$2.73
Price spread: −0.073% → −0.061%: −$1.23
Slippage, 4 orders: −$13.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.78
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 30 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 Bitget live order book, 5 min ago	1.35 bp	9.8 bp −$10	13.3 bp −$133	24.3 bp −$2,431	doesn't fit
Sell Deribit live order book, 30 min ago	0.19 bp	9.0 bp −$9	11.1 bp −$111	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
Aster AMZNUSDT	0.0000%	8h	259.80	−0.029%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.62	−0.100%	$762K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.78	−0.038%	$15K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUALshort	0.0000%	1h	259.69	−0.073%	$28K	$174K	10x
Bitget AMZNUSDTlong	+0.0013%	8h	259.88	long leg	$4.8M	$4.0M	100x
Lighter RH AMZN	+0.0032%	1h	259.88	0.000%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.79	−0.035%	$1.4M	$4.0M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.57	−0.119%	$925K	$2.5M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.68	−0.077%	$197K	$240K	10x	as long as short
Nado AMZN-PERP	+0.0043%	1h	259.78	−0.037%	$414K	$118K	20x	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	259.76	−0.046%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.73	−0.058%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.65	−0.089%	$319K	$289K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.78	−0.038%	$644	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.56	−0.123%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0065%	8h	259.93	+0.019%	$2.9M	$4.6M	20x	as long as short
Lighter AMZN	+0.0072%	1h	259.88	−0.001%	$824K	$1.1M	20x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	259.73	−0.058%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.66	−0.085%	$1.5M	$560K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.69	−0.073%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.82	−0.023%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.78	−0.037%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0161%	8h	259.90	+0.008%	$3.8M	$3.2M	100x	as long as short
Variational Omni AMZN	+0.0168%	8h	259.81	−0.025%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0175%	8h	259.87	−0.004%	$16.1M	$29.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0176%	1h	259.80	−0.030%	$498K	$2.7M	10x	as long as short
edgeX AMZNUSDC	+0.0194%	4h	259.76	−0.044%	$28K	$249K	10x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.48	−0.154%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.67	−0.081%	$5K	$77K	20x	as long as short
BloFin AMZN-USDT	+0.0298%	8h	259.79	−0.035%	$180K	$215K	20x	as long as short