Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.066%

Price spread now: Vest against Bybit−0.104%7-day average −0.064% · you buy dearer than you sell

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.104%, 7d avg −0.064%

Together, before fees−0.059%+ Points / potential airdropVest: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Vest is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.048% in total (about -5.5% 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	259.40	0.0351	pay 0.0351% / 8h	16m 57s	$3.7M	$3.2M	100x
Short	Vest AMZN-USD-PERP	259.13	0.0046	get 0.0006% / 1h	16m 57s	—	$104K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$64.06
Price spread: −0.104% → −0.064%: −$4.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$81.11
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 6 min ago; Vest: 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, 6 min ago	3.66 bp	15.4 bp −$15	27.0 bp −$270	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	259.13	−0.104%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.11	−0.112%	$765K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.37	−0.012%	$719K	$1.6M	10x	as long as short
Hotstuff AMZN-PERP	+0.0032%	1h	259.23	−0.066%	$33K	—	20x	as long as short
Vest AMZN-USD-PERPshort	+0.0046%	1h	259.13	−0.104%	—	$104K	25x
Polymarket Perps AMZN-USD	+0.0050%	1h	259.17	−0.089%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.27	−0.050%	$625	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.94	−0.177%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.26	−0.054%	$1.4M	$4.5M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0059%	1h	259.22	−0.069%	$27K	$177K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.00	−0.154%	$940K	$2.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.15	−0.096%	$1.5M	$614K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.10	−0.116%	$92K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.31	−0.035%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.28	−0.047%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0135%	8h	259.40	0.000%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0160%	8h	259.25	−0.057%	$7K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0191%	1h	259.22	−0.069%	$28.5M	$10.9M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.03	−0.143%	$75K	$27K	30x	as long as short
Variational Omni AMZN	+0.0243%	8h	259.26	−0.052%	$1.8M	$1.4M	—	as long as short
Nado AMZN-PERP	+0.0245%	1h	259.16	−0.091%	$414K	$123K	20x	as long as short
Extended AMZN_24_5-USD	+0.0256%	1h	259.29	−0.042%	$497K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0256%	8h	259.34	−0.023%	$16.2M	$31.0M	20x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.15	−0.096%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0292%	8h	259.30	−0.039%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.35	−0.019%	$5K	$98K	20x	as long as short
Bybit AMZNUSDTlong	+0.0351%	8h	259.40	long leg	$3.7M	$3.2M	100x
Lighter AMZN	+0.0352%	1h	259.35	−0.018%	$834K	$1.1M	20x	as long as short
BloFin AMZN-USDT	+0.0377%	8h	259.34	−0.023%	$178K	$215K	20x	as long as short
edgeX AMZNUSDC	+0.0640%	4h	259.23	−0.067%	$28K	$248K	10x	as long as short