Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.013%

Price spread now: Binance against Coinbase International+0.042%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 2 days (all we have)+0.168%+$17 · spread now +0.042%, 7d avg +0.121%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.078% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.121%). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMZN-PERP-INTX	258.86	0.0040	pay 0.0005% / 1h	8m 37s	$941K	$2.7M	10x
Short	Binance AMZNUSDT	258.97	0.0184	get 0.0184% / 8h	2h 08m	$16.1M	$31.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: $30.28
Price spread: +0.042% → +0.121%: −$7.81
Slippage, 4 orders: −$14.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.85
Costs to cover: 0.343%
Break-even: 9.7 days

Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 3 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 Coinbase International live order book, 5 min ago	2.90 bp	9.2 bp −$9	11.5 bp −$115	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.96 bp	8.1 bp −$8	14.1 bp −$141	52.9 bp −$5,291	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	258.70	−0.062%	$75K	$27K	30x	as long as short
Deribit AMZN_USDC-PERPETUAL	−0.0020%	1h	258.75	−0.042%	$27K	$275K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	258.90	+0.017%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.77	−0.035%	$758K	$2.6M	100x	as long as short
Coinbase International AMZN-PERP-INTXlong	+0.0040%	1h	258.86	long leg	$941K	$2.7M	10x
Vest AMZN-USD-PERP	+0.0046%	1h	258.78	−0.031%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.83	−0.012%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.92	+0.023%	$638	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.69	−0.066%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0068%	1h	258.93	+0.027%	$1.4M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMZN	+0.0080%	1h	259.00	+0.054%	$733K	$1.7M	10x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	258.92	+0.023%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.79	−0.027%	$1.5M	$651K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.75	−0.042%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.99	+0.050%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.93	+0.026%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0120%	8h	258.98	+0.046%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0124%	8h	259.01	+0.058%	$12K	$1.7M	10x	as long as short
Variational Omni AMZN	+0.0167%	8h	258.99	+0.048%	$1.8M	$1.6M	—	as long as short
tradeXYZ xyz:AMZN	+0.0180%	1h	258.93	+0.027%	$28.1M	$11.3M	20x	as long as short
Extended AMZN_24_5-USD	+0.0184%	1h	258.94	+0.032%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDTshort	+0.0184%	8h	258.97	+0.042%	$16.1M	$31.7M	20x
Nado AMZN-PERP	+0.0246%	1h	258.76	−0.039%	$414K	$123K	20x	as long as short
Bitget AMZNUSDT	+0.0273%	8h	259.02	+0.062%	$4.8M	$4.1M	100x	as long as short
Bybit AMZNUSDT	+0.0301%	8h	258.98	+0.046%	$3.7M	$3.2M	100x	as long as short
Arcus AMZN-USD	+0.0302%	1h	258.79	−0.027%	$196K	$239K	10x	as long as short
BloFin AMZN-USDT	+0.0304%	8h	258.99	+0.050%	$179K	$189K	20x	as long as short
Phoenix AMZN	+0.0309%	1h	259.05	+0.073%	$5K	$118K	20x	as long as short
Lighter AMZN	+0.0360%	1h	259.02	+0.061%	$833K	$1.2M	20x	as long as short
edgeX AMZNUSDC	+0.0749%	4h	258.98	+0.046%	$28K	$247K	10x	as long as short