Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0128%/8h= +14.1% APRpaid last 24h −0.040%

Price spread now: Injective against Bybit−0.131%48s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.131% cheaper against Bybit than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 3.4 days of funding at the current rate (+$4 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	259.88	0.0092	pay 0.0092% / 8h	5h 10m	$3.8M	$3.2M	100x
Short	Injective AMZN/USDC PERP	259.54	0.0220	get 0.0028% / 1h	10m 34s	$75K	$27K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.131%Rate

Funding earned: $26.98
Price spread: −0.131% → 0.000%: −$13.08
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $2.88
Costs to cover: 0.110%
Break-even: 6.3 days

Slippage unknown: Bybit: live order book, 2 min ago; Injective: 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 Bybit live order book, 2 min ago	1.54 bp	7.0 bp −$7	14.4 bp −$144	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Aster AMZNUSDT	0.0000%	8h	259.78	−0.039%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.70	−0.069%	$764K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.87	−0.006%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.73	−0.058%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0006%	8h	259.90	+0.008%	$4.8M	$3.9M	100x	as long as short
Hotstuff AMZN-PERP	+0.0008%	1h	259.78	−0.038%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.94	+0.023%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.87	−0.004%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.70	−0.069%	$924K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.80	−0.031%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.70	−0.069%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.78	−0.038%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.70	−0.069%	$320K	$290K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.83	−0.019%	$651	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.70	−0.069%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0053%	8h	259.94	+0.023%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERP	+0.0056%	1h	259.68	−0.078%	$415K	$118K	20x	as long as short
Lighter AMZN	+0.0088%	1h	259.91	+0.012%	$823K	$1.1M	20x	as long as short
Bybit AMZNUSDTlong	+0.0092%	8h	259.88	long leg	$3.8M	$3.2M	100x
KuCoin AMZNUSDTM	+0.0100%	8h	259.72	−0.062%	$1.5M	$551K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.67	−0.081%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.88	0.000%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.81	−0.027%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0130%	8h	259.94	+0.025%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.83	−0.018%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0147%	8h	259.87	−0.004%	$16.1M	$29.6M	20x	as long as short
edgeX AMZNUSDC	+0.0175%	4h	259.85	−0.010%	$28K	$247K	10x	as long as short
Injective AMZN/USDC PERPshort	+0.0220%	1h	259.54	−0.131%	$75K	$27K	30x
Phoenix AMZN	+0.0247%	1h	259.85	−0.012%	$5K	$77K	20x	as long as short
BloFin AMZN-USDT	+0.0267%	8h	259.79	−0.035%	$180K	$204K	20x	as long as short