Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.059%

Price spread now: Coinbase International against Bybit−0.100%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.100%, 7d avg −0.123%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.024% dearer against Bybit than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.123%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	260.19	0.0426	pay 0.0426% / 8h	5h 52m	$4.3M	$3.6M	100x
Short	Coinbase International AMZN-PERP-INTX	259.93	0.0080	get 0.0010% / 1h	52m 36s	$941K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$72.6
Price spread: −0.100% → −0.123%: $2.35
Slippage, 4 orders: −$24.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$116.11
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 4 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, 3 min ago	1.54 bp	16.4 bp −$16	22.8 bp −$228	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.12 bp	8.1 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit

AMZN on 30 exchanges

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	−0.1600%	1h	259.92	−0.104%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.94	−0.095%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.02	−0.065%	$782K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.20	+0.004%	$4.9M	$4.8M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.96	−0.088%	$29K	$138K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.13	−0.023%	$713K	$1.5M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0044%	8h	260.25	+0.023%	$2.9M	$4.8M	20x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.93	−0.100%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.95	−0.092%	$322K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.01	−0.069%	$701	$5K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.77	−0.161%	$1.3M	$1.0M	10x	as long as short
QFEX AMZN-USD	+0.0061%	1h	260.06	−0.050%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0080%	1h	259.93	−0.100%	$941K	$2.4M	10x
tradeXYZ xyz:AMZN	+0.0093%	1h	260.01	−0.069%	$30.2M	$11.6M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.93	−0.100%	$1.5M	$484K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.72	−0.181%	$93K	$140K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.04	−0.058%	$1K	$877	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.99	−0.077%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0141%	8h	260.30	+0.040%	$1.8M	$1.0M	—	as long as short
Extended AMZN_24_5-USD	+0.0176%	1h	260.05	−0.053%	$503K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0178%	8h	260.14	−0.020%	$16.4M	$31.7M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.23	+0.015%	$76K	$23K	30x	as long as short
Nado AMZN-PERP	+0.0246%	1h	259.95	−0.094%	$406K	$115K	20x	as long as short
Arcus AMZN-USD	+0.0246%	1h	259.95	−0.092%	$197K	$206K	10x	as long as short
Lighter AMZN	+0.0248%	1h	260.15	−0.014%	$733K	$1.3M	20x	as long as short
Phoenix AMZN	+0.0276%	1h	260.06	−0.050%	$5K	$84K	20x	as long as short
BloFin AMZN-USDT	+0.0291%	8h	260.11	−0.031%	$181K	$318K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0305%	8h	260.23	+0.015%	$9K	$1.8M	10x	as long as short
edgeX AMZNUSDC	+0.0362%	4h	260.22	+0.012%	$28K	$248K	10x	as long as short
Bybit AMZNUSDTlong	+0.0426%	8h	260.19	long leg	$4.3M	$3.6M	100x