Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.067%

Price spread now: Bybit against Coinbase International+0.085%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.085%, 7d avg +0.124%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.085% now, against its 7-day average of +0.124%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, 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	259.70	0.0040	pay 0.0005% / 1h	11m 02s	$924K	$2.4M	10x
Short	Bybit AMZNUSDT	259.92	0.0094	get 0.0094% / 8h	5h 11m	$3.8M	$3.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: $11.28
Price spread: +0.085% → +0.124%: −$3.94
Slippage, 4 orders: −$11.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.21
Costs to cover: 0.325%
Break-even: 22.6 days

Slippage from Coinbase International: live order book, 3 min ago; Bybit: live order book, 1 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	10.0 bp −$100	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.54 bp	10.0 bp −$10	18.0 bp −$180	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
Aster AMZNUSDT	0.0000%	8h	259.75	+0.018%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.68	−0.008%	$764K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.87	+0.064%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.73	+0.012%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0007%	8h	259.90	+0.077%	$4.8M	$3.9M	100x	as long as short
Hotstuff AMZN-PERP	+0.0008%	1h	259.77	+0.027%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.88	+0.069%	$724K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.87	+0.065%	$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	259.77	+0.027%	$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	259.71	+0.004%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.79	+0.035%	$29.9M	$11.5M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.74	+0.015%	$320K	$290K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.83	+0.050%	$651	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.70	0.000%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0053%	8h	259.98	+0.108%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERP	+0.0053%	1h	259.70	−0.001%	$415K	$118K	20x	as long as short
Lighter AMZN	+0.0088%	1h	259.86	+0.060%	$823K	$1.1M	20x	as long as short
Bybit AMZNUSDTshort	+0.0094%	8h	259.92	+0.085%	$3.8M	$3.2M	100x
KuCoin AMZNUSDTM	+0.0100%	8h	259.71	+0.004%	$1.5M	$551K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.67	−0.012%	$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	259.81	+0.042%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0130%	8h	259.94	+0.094%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.87	+0.065%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0147%	8h	259.94	+0.092%	$16.1M	$29.6M	20x	as long as short
edgeX AMZNUSDC	+0.0175%	4h	259.85	+0.059%	$28K	$247K	10x	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	259.85	+0.058%	$5K	$77K	20x	as long as short
BloFin AMZN-USDT	+0.0267%	8h	259.79	+0.035%	$180K	$204K	20x	as long as short