Funding you earn now, next payment 21:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.016%
Price spread now: Phoenix against Bitget−0.023%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.023%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.038% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AMZNUSDT | 258.97 | 0.0264 | pay 0.0264% / 8h | 2h 20m | $4.8M | $4.0M | 100x |
| Short | Phoenix AMZN | 258.91 | 0.0309 | get 0.0039% / 1h | 20m 55s | $5K | $118K | 20x |
Bitget AMZNUSDT
Phoenix AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.49
- Price spread: −0.023% → −0.061%
- $3.75
- Slippage, 4 orders
- −$15.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.96
- Costs to cover
- 0.342%
- Break-even
- 22.5 days
Slippage from Bitget: live order book, 2 min ago; Phoenix: live order book, 60 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, 2 min ago | 1.54 bp | 7.9 bp −$8 | 11.9 bp −$119 | 38.0 bp −$3,795 | doesn't fit |
| Sell Phoenix live order book, 60 min ago | 2.71 bp | 8.4 bp −$8 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AMZN/USDC PERP | −0.0077% | 1h | 258.65 | −0.124% | $74K | $27K | 30x | as long as short |
| Aster AMZNUSDT | 0.0000% | 8h | 258.93 | −0.015% | $202K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 258.78 | −0.073% | $757K | $2.6M | 100x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 258.92 | −0.019% | $27K | $275K | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0040% | 1h | 258.86 | −0.042% | $941K | $2.7M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 258.86 | −0.042% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 258.87 | −0.039% | $304K | $311K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 258.96 | −0.004% | $618 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 258.65 | −0.124% | $1.3M | $1.3M | 10x | as long as short |
| Hotstuff AMZN-PERP | +0.0064% | 1h | 258.91 | −0.023% | $33K | — | 20x | as long as short |
Injective AMZN/USDC PERP
Aster AMZNUSDT
Gate AMZN_USDT
Deribit AMZN_USDC-PERPETUAL
Coinbase International AMZN-PERP-INTX
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
Hotstuff AMZN-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AMZN-USD | +0.0068% | 1h | 258.99 | +0.008% | $1.4M | $4.4M | 10x | as long as short |
| Lighter RH AMZN | +0.0088% | 1h | 259.10 | +0.050% | $730K | $1.7M | 10x | as long as short |
| GRVT AMZN_USDT_Perp | +0.0099% | 8h | 259.03 | +0.023% | $12K | $1.7M | 10x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 258.84 | −0.050% | $1.5M | $650K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 258.74 | −0.089% | $92K | $139K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.02 | +0.019% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 258.99 | +0.010% | $14K | $510 | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0115% | 8h | 258.95 | −0.008% | $2.9M | $4.4M | 20x | as long as short |
| Variational Omni AMZN | +0.0145% | 8h | 258.96 | −0.002% | $1.6M | $1.4M | — | as long as short |
| Extended AMZN_24_5-USD | +0.0168% | 1h | 259.00 | +0.011% | $490K | $2.5M | 10x | as long as short |
| Binance AMZNUSDT | +0.0170% | 8h | 259.03 | +0.023% | $16.0M | $31.5M | 20x | as long as short |
| tradeXYZ xyz:AMZN | +0.0171% | 1h | 258.96 | −0.004% | $28.1M | $11.3M | 20x | as long as short |
| Nado AMZN-PERP | +0.0237% | 1h | 258.77 | −0.075% | $414K | $123K | 20x | as long as short |
| Bitget AMZNUSDTlong | +0.0264% | 8h | 258.97 | long leg | $4.8M | $4.0M | 100x | |
| BloFin AMZN-USDT | +0.0290% | 8h | 258.93 | −0.015% | $179K | $189K | 20x | as long as short |
| Bybit AMZNUSDT | +0.0291% | 8h | 258.98 | +0.004% | $3.7M | $3.2M | 100x | as long as short |
| Arcus AMZN-USD | +0.0302% | 1h | 258.86 | −0.042% | $196K | $239K | 10x | as long as short |
| Phoenix AMZNshort | +0.0309% | 1h | 258.91 | −0.023% | $5K | $118K | 20x | |
| edgeX AMZNUSDC | +0.0313% | 4h | 259.00 | +0.013% | $28K | $247K | 10x | as long as short |
| Lighter AMZN | +0.0368% | 1h | 259.12 | +0.057% | $833K | $1.2M | 20x | as long as short |
QFEX AMZN-USD
Lighter RH AMZN
GRVT AMZN_USDT_Perp
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
OKX AMZN-USDT-SWAP
Variational Omni AMZN
Extended AMZN_24_5-USD
Binance AMZNUSDT
tradeXYZ xyz:AMZN
Nado AMZN-PERP
BloFin AMZN-USDT
Bybit AMZNUSDT
Arcus AMZN-USD
edgeX AMZNUSDC
Lighter AMZN