Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h 0.000%

Price spread now: GRVT against Coinbase International+0.067%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.067%, 7d avg +0.126%

Together, before fees−0.189%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.059% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.126%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMZN-PERP-INTX	259.66	0.0024	pay 0.0003% / 1h	3m 14s	$911K	$2.3M	10x
Short	GRVT AMZN_USDT_Perp	259.83	0	get 0.0000% / 8h	1h 03m	$10K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$5.04
Price spread: +0.067% → +0.126%: −$5.93
Slippage, 4 orders: −$10.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$40.38
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; GRVT: live order book, 5 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, 1 min ago	0.19 bp	6.4 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.35 bp	8.0 bp −$8	19.1 bp −$191	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	259.73	+0.027%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.83	+0.065%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.67	+0.004%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.88	+0.085%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.88	+0.087%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perpshort	0.0000%	8h	259.83	+0.067%	$10K	$1.8M	10x
Binance AMZNUSDT	+0.0005%	8h	259.85	+0.073%	$15.9M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0008%	1h	259.78	+0.045%	$500K	$3.0M	10x	as long as short
Hotstuff AMZN-PERP	+0.0008%	1h	259.69	+0.012%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0020%	8h	259.86	+0.077%	$177K	$291K	20x	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-INTXlong	+0.0024%	1h	259.66	long leg	$911K	$2.3M	10x
Lighter RH AMZN	+0.0032%	1h	259.84	+0.069%	$726K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.70	+0.015%	$197K	$240K	10x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.77	+0.042%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.60	−0.023%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.68	+0.008%	$322K	$294K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.77	+0.042%	$677	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.56	−0.039%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	−0.019%	$1.5M	$426K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.58	−0.031%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.79	+0.050%	$1K	$320	10x	as long as short
tradeXYZ xyz:AMZN	+0.0102%	1h	259.71	+0.019%	$30.0M	$11.3M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.76	+0.037%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0133%	8h	259.96	+0.116%	$4.0M	$3.3M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0135%	1h	259.66	0.000%	$29K	$176K	10x	as long as short
Nado AMZN-PERP	+0.0136%	1h	259.61	−0.020%	$414K	$113K	20x	as long as short
Lighter AMZN	+0.0152%	1h	259.81	+0.059%	$749K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.54	−0.046%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0308%	1h	259.87	+0.081%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0763%	4h	259.84	+0.069%	$28K	$249K	10x	as long as short