Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0226%/8h= +24.8% APRpaid last 24h +0.062%

Price spread now: BloFin against Coinbase International+0.035%58s7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.296% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.035%, 7d avg +0.113%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.078% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.113%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.098% in total) that is about 5.6 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% 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	Coinbase International AMZN-PERP-INTX	259.70	0.0040	pay 0.0005% / 1h	5m 26s	$924K	$2.4M	10x
Short	BloFin AMZN-USDT	259.79	0.0266	get 0.0266% / 8h	5h 05m	$179K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $47.51
Price spread: +0.035% → +0.113%: −$7.85
Slippage, 4 orders: −$7.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.04
Costs to cover: 0.296%
Break-even: 5.5 days

Slippage from Coinbase International: live order book, 3 min ago; BloFin: live order book, 33 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, 3 min ago	1.54 bp	7.6 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell BloFin live order book, 33 min ago	1.15 bp	8.1 bp −$8	12.9 bp −$129	31.9 bp −$3,192	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
Hotstuff AMZN-PERP	−0.0072%	1h	259.71	+0.004%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.70	+0.001%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.71	+0.004%	$764K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.061%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.65	−0.019%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0001%	8h	259.94	+0.092%	$4.8M	$3.9M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.90	+0.077%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.83	+0.050%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTXlong	+0.0040%	1h	259.70	long leg	$924K	$2.4M	10x
Arcus AMZN-USD	+0.0040%	1h	259.78	+0.031%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.69	−0.004%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.77	+0.027%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.75	+0.019%	$321K	$291K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.84	+0.054%	$646	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.66	−0.015%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0055%	8h	259.91	+0.081%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERP	+0.0068%	1h	259.70	−0.001%	$415K	$118K	20x	as long as short
Bybit AMZNUSDT	+0.0088%	8h	259.89	+0.073%	$3.8M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	0.000%	$1.5M	$547K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.65	−0.019%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.88	+0.069%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.82	+0.045%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.88	+0.071%	$823K	$1.1M	20x	as long as short
Variational Omni AMZN	+0.0129%	8h	259.90	+0.079%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.85	+0.059%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0147%	8h	259.92	+0.086%	$16.1M	$29.6M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.54	−0.062%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.87	+0.065%	$5K	$77K	20x	as long as short
BloFin AMZN-USDTshort	+0.0266%	8h	259.79	+0.035%	$179K	$204K	20x
edgeX AMZNUSDC	+0.0369%	4h	259.87	+0.065%	$28K	$248K	10x	as long as short