Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.056%

Price spread now: Lighter RH against BloFin+0.008%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.008%, 7d avg −0.023%

Together, before fees−0.294%+ Points / potential airdropLighter RH: Points live · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.204% in total) that is about 26 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.204% in total (about -10.6% 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	259.34	0.0378	pay 0.0378% / 8h	14m 59s	$178K	$215K	20x
Short	Lighter RH AMZN	259.36	0.0032	get 0.0004% / 1h	14m 59s	$720K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$72.6
Price spread: +0.008% → −0.023%: $3.1
Slippage, 4 orders: −$7.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$88.61
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from BloFin: live order book, 55 min ago; Lighter RH: live order book, 3 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, 55 min ago	0.19 bp	6.8 bp −$7	9.7 bp −$97	25.0 bp −$2,502	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.51 bp	2.8 bp −$3	7.2 bp −$72	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	259.13	−0.081%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.08	−0.100%	$765K	$2.6M	100x	as long as short
Lighter RH AMZNshort	+0.0032%	1h	259.36	+0.008%	$720K	$1.6M	10x
Hotstuff AMZN-PERP	+0.0040%	1h	259.21	−0.050%	$33K	—	20x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.14	−0.077%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.16	−0.069%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.24	−0.039%	$622	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.05	−0.112%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.26	−0.031%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.00	−0.131%	$940K	$2.7M	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	259.11	−0.089%	$1.5M	$612K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.12	−0.085%	$92K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.27	−0.027%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.23	−0.042%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0135%	8h	259.40	+0.023%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0161%	8h	259.31	−0.010%	$7K	$1.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0187%	1h	259.21	−0.050%	$28.5M	$10.9M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.10	−0.093%	$75K	$27K	30x	as long as short
Nado AMZN-PERP	+0.0244%	1h	259.12	−0.083%	$414K	$123K	20x	as long as short
Variational Omni AMZN	+0.0248%	8h	259.35	+0.002%	$1.8M	$1.4M	—	as long as short
Extended AMZN_24_5-USD	+0.0256%	1h	259.29	−0.020%	$497K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0258%	8h	259.34	0.000%	$16.2M	$30.9M	20x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.11	−0.089%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0292%	8h	259.30	−0.015%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.35	+0.004%	$5K	$98K	20x	as long as short
Lighter AMZN	+0.0344%	1h	259.36	+0.007%	$834K	$1.1M	20x	as long as short
Bybit AMZNUSDT	+0.0350%	8h	259.36	+0.008%	$3.7M	$3.2M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0367%	1h	259.27	−0.027%	$27K	$177K	10x	as long as short
BloFin AMZN-USDTlong	+0.0378%	8h	259.34	long leg	$178K	$215K	20x
edgeX AMZNUSDC	+0.0648%	4h	259.31	−0.011%	$28K	$248K	10x	as long as short