Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.068%

Price spread now: Ondo Perps against Bybit−0.154%7-day average −0.130% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.117%−$12 · spread now −0.154%, 7d avg −0.130%

Together, before fees−0.143%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Ondo Perps is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.130%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	260.13	0.0180	pay 0.0180% / 8h	13m 04s	$4.0M	$3.3M	100x
Short	Ondo Perps AMZN-USD.P	259.73	0.0050	get 0.0006% / 1h	13m 04s	$1.3M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$27.11
Price spread: −0.154% → −0.130%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$45.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	2.69 bp	13.0 bp −$13	18.8 bp −$188	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Hotstuff AMZN-PERP	−0.0008%	1h	259.83	−0.115%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.00	−0.050%	$202K	$208K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.01	−0.046%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.85	−0.108%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.08	−0.019%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.96	−0.063%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.94	−0.074%	$10K	$1.8M	10x	as long as short
Binance AMZNUSDT	+0.0021%	8h	260.05	−0.031%	$16.0M	$29.4M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.99	−0.056%	$498K	$3.0M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.93	−0.077%	$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	259.88	−0.096%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.82	−0.119%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.90	−0.088%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.84	−0.111%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.97	−0.062%	$686	$5K	10x	as long as short
Ondo Perps AMZN-USD.Pshort	+0.0050%	1h	259.73	−0.154%	$1.3M	$1.1M	10x
QFEX AMZN-USD	+0.0050%	1h	259.92	−0.081%	$1.4M	$3.6M	10x	as long as short
edgeX AMZNUSDC	+0.0063%	4h	259.94	−0.072%	$28K	$250K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.096%	$916K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0085%	8h	259.99	−0.054%	$178K	$301K	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0096%	1h	259.86	−0.104%	$29K	$173K	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.74	−0.150%	$1.5M	$392K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.80	−0.127%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.95	−0.069%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.90	−0.089%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0115%	1h	259.79	−0.132%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0152%	1h	259.92	−0.080%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDTlong	+0.0180%	8h	260.13	long leg	$4.0M	$3.3M	100x
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.319%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	−0.054%	$5K	$78K	20x	as long as short