Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.050%

Price spread now: Nado against Bybit−0.118%59s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$470.469% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.118%, 7d avg −0.049%

Together, before fees−0.087%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.069% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 59 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	260.10	0.0182	pay 0.0182% / 8h	11m 41s	$4.0M	$3.3M	100x
Short	Nado AMZN-PERP	259.79	0.0117	get 0.0015% / 1h	11m 41s	$414K	$114K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.118%Rate

Funding earned: −$13.61
Price spread: −0.118% → −0.049%: −$6.88
Slippage, 4 orders: −$28.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$67.39
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Nado: live order book, 26 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	2.31 bp	9.9 bp −$10	18.2 bp −$182	doesn't fit	doesn't fit
Sell Nado live order book, 26 min ago	0.96 bp	12.1 bp −$12	48.8 bp −$488	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
Hotstuff AMZN-PERP	−0.0048%	1h	259.82	−0.108%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.03	−0.029%	$203K	$208K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.01	−0.035%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.82	−0.108%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.05	−0.019%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.96	−0.052%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.02	−0.032%	$10K	$1.8M	10x	as long as short
Binance AMZNUSDT	+0.0023%	8h	260.04	−0.025%	$16.0M	$29.4M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.96	−0.055%	$498K	$3.0M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.93	−0.065%	$739K	$1.6M	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	259.90	−0.077%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.81	−0.111%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.85	−0.096%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.85	−0.096%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.97	−0.050%	$683	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.80	−0.115%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.96	−0.054%	$1.4M	$3.6M	10x	as long as short
edgeX AMZNUSDC	+0.0063%	4h	259.94	−0.061%	$28K	$250K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.085%	$916K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0085%	8h	259.99	−0.042%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.73	−0.142%	$1.5M	$391K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.78	−0.123%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.98	−0.046%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.92	−0.069%	$14K	$510	10x	as long as short
Nado AMZN-PERPshort	+0.0117%	1h	259.79	−0.118%	$414K	$114K	20x
Lighter AMZN	+0.0160%	1h	259.93	−0.067%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDTlong	+0.0182%	8h	260.10	long leg	$4.0M	$3.3M	100x
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.308%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	−0.042%	$5K	$78K	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0289%	1h	259.91	−0.073%	$29K	$173K	10x	as long as short