Funding you earn now, next payment 21:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.042%
Price spread now: Phoenix against Bybit+0.008%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.008%, 7d avg −0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.073% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AMZNUSDT | 258.96 | 0.0303 | pay 0.0303% / 8h | 2h 03m | $3.7M | $3.2M | 100x |
| Short | Phoenix AMZN | 258.98 | 0.0309 | get 0.0039% / 1h | 3m 00s | $5K | $118K | 20x |
Bybit AMZNUSDT
Phoenix AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.26
- Price spread: +0.008% → −0.065%
- $7.25
- Slippage, 4 orders
- −$25.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$34.5
- Costs to cover
- 0.430%
- Break-even
- 199.0 days
Slippage from Bybit: live order book, 4 min ago; Phoenix: live order book, 12 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, 4 min ago | 2.51 bp | 13.0 bp −$13 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 2.70 bp | 8.6 bp −$9 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AMZN/USDC PERP | −0.0077% | 1h | 258.71 | −0.097% | $75K | $27K | 30x | as long as short |
| Aster AMZNUSDT | 0.0000% | 8h | 258.89 | −0.026% | $202K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 258.74 | −0.085% | $758K | $2.6M | 100x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 258.76 | −0.077% | $27K | $275K | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0040% | 1h | 258.86 | −0.039% | $941K | $2.7M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 258.76 | −0.077% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 258.83 | −0.050% | $304K | $311K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 258.92 | −0.015% | $635 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 258.61 | −0.135% | $1.3M | $1.3M | 10x | as long as short |
| Lighter RH AMZN | +0.0064% | 1h | 259.00 | +0.015% | $715K | $1.7M | 10x | as long as short |
Injective AMZN/USDC PERP
Aster AMZNUSDT
Gate AMZN_USDT
Deribit AMZN_USDC-PERPETUAL
Coinbase International AMZN-PERP-INTX
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
Lighter RH AMZNShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AMZN-USD | +0.0068% | 1h | 258.92 | −0.015% | $1.4M | $4.4M | 10x | as long as short |
| Hotstuff AMZN-PERP | +0.0088% | 1h | 258.92 | −0.015% | $33K | — | 20x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 258.77 | −0.073% | $1.5M | $652K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 258.74 | −0.085% | $92K | $139K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 258.96 | 0.000% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 258.91 | −0.020% | $14K | $510 | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0120% | 8h | 258.94 | −0.008% | $2.9M | $4.4M | 20x | as long as short |
| GRVT AMZN_USDT_Perp | +0.0126% | 8h | 259.00 | +0.015% | $12K | $1.7M | 10x | as long as short |
| Variational Omni AMZN | +0.0168% | 8h | 258.98 | +0.006% | $1.8M | $1.6M | — | as long as short |
| tradeXYZ xyz:AMZN | +0.0181% | 1h | 258.90 | −0.023% | $28.1M | $11.3M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0184% | 1h | 258.93 | −0.013% | $490K | $2.5M | 10x | as long as short |
| Binance AMZNUSDT | +0.0186% | 8h | 258.96 | −0.001% | $16.1M | $31.7M | 20x | as long as short |
| Nado AMZN-PERP | +0.0242% | 1h | 258.76 | −0.076% | $414K | $123K | 20x | as long as short |
| Bitget AMZNUSDT | +0.0274% | 8h | 259.00 | +0.015% | $4.8M | $4.1M | 100x | as long as short |
| Arcus AMZN-USD | +0.0302% | 1h | 258.75 | −0.081% | $196K | $239K | 10x | as long as short |
| Bybit AMZNUSDTlong | +0.0303% | 8h | 258.96 | long leg | $3.7M | $3.2M | 100x | |
| BloFin AMZN-USDT | +0.0306% | 8h | 258.95 | −0.004% | $179K | $189K | 20x | as long as short |
| Phoenix AMZNshort | +0.0309% | 1h | 258.98 | +0.008% | $5K | $118K | 20x | |
| Lighter AMZN | +0.0352% | 1h | 259.02 | +0.024% | $833K | $1.2M | 20x | as long as short |
| edgeX AMZNUSDC | +0.0678% | 4h | 258.96 | −0.001% | $28K | $248K | 10x | as long as short |
QFEX AMZN-USD
Hotstuff AMZN-PERP
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
OKX AMZN-USDT-SWAP
GRVT AMZN_USDT_Perp
Variational Omni AMZN
tradeXYZ xyz:AMZN
Extended AMZN_24_5-USD
Binance AMZNUSDT
Nado AMZN-PERP
Bitget AMZNUSDT
Arcus AMZN-USD
BloFin AMZN-USDT
Lighter AMZN
edgeX AMZNUSDC