Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.1% APRpaid last 24h −0.028%

Price spread now: Phoenix against BloFin+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.038% dearer against BloFin than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AMZN-USDT	259.79	0.0266	pay 0.0266% / 8h	5h 06m	$179K	$204K	20x
Short	Phoenix AMZN	259.89	0.0247	get 0.0031% / 1h	6m 27s	$5K	$77K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$4.1
Price spread: +0.038% → 0.000%: $3.85
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$19.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 32 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 32 min ago	1.15 bp	7.3 bp −$7	9.5 bp −$95	23.2 bp −$2,325	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff AMZN-PERP	−0.0072%	1h	259.71	−0.031%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.69	−0.038%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.72	−0.027%	$764K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.027%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.67	−0.046%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0002%	8h	259.95	+0.062%	$4.8M	$3.9M	100x	as long as short
edgeX AMZNUSDC	+0.0026%	4h	259.86	+0.025%	$28K	$248K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.88	+0.035%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.81	+0.008%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.70	−0.035%	$924K	$2.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.78	−0.004%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.69	−0.038%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.75	−0.015%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	−0.027%	$321K	$291K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.85	+0.023%	$651	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.66	−0.050%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0054%	8h	259.90	+0.042%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERP	+0.0066%	1h	259.67	−0.047%	$415K	$118K	20x	as long as short
Bybit AMZNUSDT	+0.0088%	8h	259.89	+0.038%	$3.8M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.035%	$1.5M	$547K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.65	−0.054%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.86	+0.027%	$1K	$320	10x	as long as short
Lighter AMZN	+0.0104%	1h	259.85	+0.024%	$823K	$1.1M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.82	+0.013%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0130%	8h	259.94	+0.060%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.84	+0.019%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0147%	8h	259.90	+0.043%	$16.1M	$29.6M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.61	−0.069%	$75K	$27K	30x	as long as short
Phoenix AMZNshort	+0.0247%	1h	259.89	+0.038%	$5K	$77K	20x
BloFin AMZN-USDTlong	+0.0266%	8h	259.79	long leg	$179K	$204K	20x