Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0252%/8h= −27.5% APRpaid last 24h −0.050%

Price spread now: ApeX Omni against Bybit−0.127%99s7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.798% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.127%, 7d avg −0.059%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.068% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% 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	Bybit AMZNUSDT	259.41	0.0352	pay 0.0352% / 8h	17m 54s	$3.7M	$3.2M	100x
Short	ApeX Omni AMZNUSDT	259.08	0.0100	get 0.0013% / 1h	17m 54s	$92K	$129K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.127%Rate

Funding earned: −$52.83
Price spread: −0.127% → −0.059%: −$6.79
Slippage, 4 orders: −$58.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$139.41
Costs to cover: 0.798%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 58 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 Bybit live order book, 5 min ago	3.66 bp	15.4 bp −$15	27.0 bp −$270	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	2.51 bp	24.0 bp −$24	606.2 bp −$6,062	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	−0.108%	$203K	$211K	20x	as long as short
Hotstuff AMZN-PERP	0.0000%	1h	259.24	−0.066%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.12	−0.112%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.21	−0.077%	$27K	$177K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.37	−0.015%	$719K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.11	−0.116%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.21	−0.077%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.27	−0.054%	$626	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.94	−0.181%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.26	−0.058%	$1.4M	$4.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.00	−0.158%	$940K	$2.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.13	−0.108%	$1.5M	$614K	20x	as long as short
ApeX Omni AMZNUSDTshort	+0.0100%	1h	259.08	−0.127%	$92K	$129K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.28	−0.050%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.24	−0.067%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0135%	8h	259.40	−0.004%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0157%	8h	259.37	−0.017%	$7K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0195%	1h	259.23	−0.069%	$28.5M	$10.9M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.49	+0.031%	$75K	$27K	30x	as long as short
Variational Omni AMZN	+0.0243%	8h	259.26	−0.056%	$1.8M	$1.4M	—	as long as short
Nado AMZN-PERP	+0.0246%	1h	259.13	−0.106%	$414K	$123K	20x	as long as short
Binance AMZNUSDT	+0.0256%	8h	259.34	−0.027%	$16.2M	$31.0M	20x	as long as short
Extended AMZN_24_5-USD	+0.0256%	1h	259.30	−0.042%	$497K	$2.5M	10x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.21	−0.077%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0293%	8h	259.30	−0.042%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.21	−0.077%	$5K	$98K	20x	as long as short
Bybit AMZNUSDTlong	+0.0352%	8h	259.41	long leg	$3.7M	$3.2M	100x
Lighter AMZN	+0.0352%	1h	259.37	−0.017%	$834K	$1.1M	20x	as long as short
BloFin AMZN-USDT	+0.0375%	8h	259.25	−0.062%	$178K	$215K	20x	as long as short
edgeX AMZNUSDC	+0.0803%	4h	259.35	−0.024%	$28K	$247K	10x	as long as short