Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.048%

Price spread now: Extended against Bybit−0.060%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.060%, 7d avg −0.028%

Together, before fees+0.036%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.032% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	259.92	0.0174	pay 0.0174% / 8h	3h 26m	$3.7M	$3.2M	100x
Short	Extended AMZN_24_5-USD	259.77	0.0088	get 0.0011% / 1h	26m 24s	$502K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$17.99
Price spread: −0.060% → −0.028%: −$3.16
Slippage, 4 orders: −$23.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$60.32
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Extended: 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 Bybit live order book, 1 min ago	1.54 bp	15.1 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.77 bp	6.5 bp −$6	48.3 bp −$483	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	259.82	−0.037%	$203K	$211K	20x	as long as short
Hotstuff AMZN-PERP	0.0000%	1h	259.75	−0.065%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.69	−0.088%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	−0.012%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.89	−0.010%	$9K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.68	−0.092%	$28K	$175K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0002%	8h	259.88	−0.015%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.84	−0.031%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.70	−0.085%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.66	−0.100%	$918K	$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	259.76	−0.062%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	−0.065%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.69	−0.088%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.76	−0.062%	$679	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.59	−0.127%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0076%	8h	260.00	+0.029%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0076%	1h	259.77	−0.058%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0081%	1h	259.77	−0.060%	$414K	$112K	20x	as long as short
Extended AMZN_24_5-USDshort	+0.0088%	1h	259.77	−0.060%	$502K	$2.7M	10x
Binance AMZNUSDT	+0.0091%	8h	259.84	−0.029%	$16.0M	$29.8M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.67	−0.096%	$1.5M	$503K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.84	−0.031%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.80	−0.046%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.74	−0.070%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0144%	1h	259.85	−0.026%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDTlong	+0.0174%	8h	259.92	long leg	$3.7M	$3.2M	100x
BloFin AMZN-USDT	+0.0212%	8h	259.84	−0.031%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.27	−0.250%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.027%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0915%	4h	259.88	−0.014%	$28K	$247K	10x	as long as short