Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.013%

Price spread now: KuCoin against Coinbase International0.000%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1191.192% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now 0.000%, 7d avg +0.027%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.027%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMZN-PERP-INTX	258.85	0.0064	pay 0.0008% / 1h	40m 44s	$939K	$2.7M	10x
Short	KuCoin AMZNUSDTM	258.85	0.0100	get 0.0100% / 8h	40m 44s	$1.5M	$630K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $7.56
Price spread: 0.000% → +0.027%: −$2.74
Slippage, 4 orders: −$97.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.41
Costs to cover: 1.192%
Break-even: 112.9 days

Slippage from Coinbase International: live order book, 3 min ago; KuCoin: 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, 3 min ago	1.35 bp	8.2 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.55 bp	49.4 bp −$49	doesn't fit	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	258.93	+0.032%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.97	+0.046%	$764K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.86	+0.004%	$27K	$177K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.88	+0.012%	—	$104K	25x	as long as short
Lighter RH AMZN	+0.0048%	1h	259.17	+0.124%	$717K	$1.6M	10x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.99	+0.054%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.04	+0.073%	$631	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.79	−0.023%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.08	+0.089%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTXlong	+0.0064%	1h	258.85	long leg	$939K	$2.7M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTMshort	+0.0100%	8h	258.85	0.000%	$1.5M	$630K	20x
ApeX Omni AMZNUSDT	+0.0100%	1h	258.80	−0.019%	$92K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.11	+0.100%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.07	+0.087%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0112%	1h	259.05	+0.077%	$33K	—	20x	as long as short
OKX AMZN-USDT-SWAP	+0.0129%	8h	259.15	+0.116%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0143%	8h	259.11	+0.100%	$7K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0202%	1h	259.00	+0.058%	$28.4M	$11.0M	20x	as long as short
Variational Omni AMZN	+0.0216%	8h	259.13	+0.106%	$1.8M	$1.4M	—	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.86	+0.004%	$75K	$27K	30x	as long as short
Extended AMZN_24_5-USD	+0.0232%	1h	259.12	+0.103%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0234%	8h	259.15	+0.117%	$16.1M	$31.2M	20x	as long as short
Nado AMZN-PERP	+0.0254%	1h	258.91	+0.024%	$414K	$122K	20x	as long as short
Arcus AMZN-USD	+0.0274%	1h	258.89	+0.015%	$196K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0284%	8h	259.17	+0.124%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.06	+0.081%	$5K	$98K	20x	as long as short
Bybit AMZNUSDT	+0.0339%	8h	259.01	+0.062%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0353%	8h	259.15	+0.116%	$177K	$187K	20x	as long as short
Lighter AMZN	+0.0368%	1h	259.14	+0.112%	$834K	$1.1M	20x	as long as short
edgeX AMZNUSDC	+0.0848%	4h	259.09	+0.094%	$28K	$248K	10x	as long as short