Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h −0.061%

Price spread now: Coinbase International against BloFin−0.062%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.062%, 7d avg −0.114%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.052% dearer against BloFin than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.114%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.098% in total) that is about 3.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% 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	BloFin AMZN-USDT	259.40	0.0394	pay 0.0394% / 8h	7h 26m	$179K	$215K	20x
Short	Coinbase International AMZN-PERP-INTX	259.24	0.0072	get 0.0009% / 1h	26m 48s	$939K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$67.64
Price spread: −0.062% → −0.114%: $5.23
Slippage, 4 orders: −$7.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$92.27
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from BloFin: live order book, 38 min ago; Coinbase International: live order book, 2 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 BloFin live order book, 38 min ago	0.19 bp	6.6 bp −$7	9.0 bp −$90	20.7 bp −$2,069	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.51 bp	7.9 bp −$8	10.9 bp −$109	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	259.28	−0.047%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.27	−0.050%	$766K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.51	+0.042%	$717K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.25	−0.058%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.34	−0.023%	$310K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.42	+0.008%	$627	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.19	−0.081%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.43	+0.012%	$1.4M	$4.3M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0072%	1h	259.24	−0.062%	$939K	$2.4M	10x
GRVT AMZN_USDT_Perp	+0.0073%	8h	259.52	+0.046%	$14K	$1.8M	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	259.32	−0.031%	$1.5M	$605K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.30	−0.039%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.47	+0.027%	$1K	$320	10x	as long as short
Hotstuff AMZN-PERP	+0.0104%	1h	259.36	−0.015%	$33K	—	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.40	−0.001%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0127%	8h	259.47	+0.027%	$2.9M	$4.5M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0134%	1h	259.38	−0.008%	$28.6M	$10.7M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0136%	1h	259.36	−0.015%	$27K	$173K	10x	as long as short
Bybit AMZNUSDT	+0.0180%	8h	259.53	+0.050%	$3.7M	$3.2M	100x	as long as short
Nado AMZN-PERP	+0.0198%	1h	259.28	−0.048%	$414K	$122K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.23	−0.066%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0224%	1h	259.48	+0.030%	$826K	$1.1M	20x	as long as short
Bitget AMZNUSDT	+0.0253%	8h	259.48	+0.031%	$4.8M	$3.8M	100x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.40	0.000%	$197K	$241K	10x	as long as short
Variational Omni AMZN	+0.0268%	8h	259.53	+0.050%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0272%	1h	259.44	+0.015%	$498K	$3.4M	10x	as long as short
Binance AMZNUSDT	+0.0274%	8h	259.48	+0.031%	$16.1M	$29.9M	20x	as long as short
Phoenix AMZN	+0.0339%	1h	259.50	+0.039%	$5K	$98K	20x	as long as short
BloFin AMZN-USDTlong	+0.0394%	8h	259.40	long leg	$179K	$215K	20x
edgeX AMZNUSDC	+0.0893%	4h	259.51	+0.044%	$28K	$247K	10x	as long as short