Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0413%/8h= −45.2% APRpaid last 24h −0.064%

Price spread now: Polymarket Perps against Bybit−0.146%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.146%, 7d avg −0.090%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.056% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	260.02	0.0463	pay 0.0463% / 8h	7h 27m	$4.2M	$3.4M	100x
Short	Polymarket Perps AMZN-USD	259.64	0.0050	get 0.0006% / 1h	27m 08s	$321K	$282K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$86.69
Price spread: −0.146% → −0.090%: −$5.64
Slippage, 4 orders: −$8.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$119.89
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; Polymarket Perps: live order book, 70 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, just now	0.19 bp	11.5 bp −$12	16.9 bp −$169	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 70 min ago	1.15 bp	5.2 bp −$5	6.7 bp −$67	9.7 bp −$971	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	259.95	−0.029%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.85	−0.065%	$2.8M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.66	−0.138%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	−0.050%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.06	+0.015%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.65	−0.142%	$29K	$173K	10x	as long as short
Variational Omni AMZN	+0.0005%	8h	260.03	+0.004%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.79	−0.090%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0026%	8h	259.85	−0.064%	$16.2M	$30.0M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.82	−0.077%	$718K	$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	259.66	−0.138%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.74	−0.108%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.70	−0.123%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.69	−0.127%	$29.9M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USDshort	+0.0050%	1h	259.64	−0.146%	$321K	$282K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.80	−0.085%	$702	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.68	−0.131%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.78	−0.092%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.73	−0.112%	$917K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.79	−0.088%	$1.5M	$420K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.86	−0.062%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	−0.065%	$1K	$331	10x	as long as short
BloFin AMZN-USDT	+0.0103%	8h	259.87	−0.058%	$179K	$304K	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.80	−0.085%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0144%	1h	259.71	−0.119%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0168%	1h	259.84	−0.069%	$740K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.031%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	260.02	0.000%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0373%	4h	260.01	−0.005%	$28K	$250K	10x	as long as short
Bybit AMZNUSDTlong	+0.0463%	8h	260.02	long leg	$4.2M	$3.4M	100x