Funding you earn now, next payment 00:00 UTC+0.0267%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.027%
Price spread now: Phoenix against Coinbase International+0.039%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.039% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. 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 | 259.24 | 0.0072 | pay 0.0009% / 1h | 32m 13s | $939K | $2.5M | 10x |
| Short | Phoenix AMZN | 259.34 | 0.0339 | get 0.0042% / 1h | 32m 13s | $5K | $98K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $56.11
- Price spread: +0.039% → 0.000%
- $3.86
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $42.97
- Costs to cover
- 0.170%
- Break-even
- 1.6 days
Slippage unknown: Coinbase International: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.
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, 2 min ago | 3.09 bp | 8.4 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 259.27 | +0.010% | $203K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.29 | +0.019% | $766K | $2.6M | 100x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.56 | +0.123% | $717K | $1.5M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.24 | 0.000% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.21 | −0.012% | $309K | $285K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.41 | +0.066% | $626 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.06 | −0.069% | $1.3M | $1.2M | 10x | as long as short |
| QFEX AMZN-USD | +0.0055% | 1h | 259.37 | +0.050% | $1.4M | $4.3M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | +0.0059% | 1h | 259.29 | +0.019% | $27K | $173K | 10x | as long as short |
| Coinbase International AMZN-PERP-INTXlong | +0.0072% | 1h | 259.24 | long leg | $939K | $2.5M | 10x |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.35 | +0.042% | $1.5M | $604K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.19 | −0.019% | $93K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.44 | +0.077% | $1K | $320 | 10x | as long as short |
| GRVT AMZN_USDT_Perp | +0.0102% | 8h | 259.37 | +0.050% | $14K | $1.8M | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.36 | +0.045% | $14K | $510 | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0129% | 8h | 259.47 | +0.089% | $2.9M | $4.4M | 20x | as long as short |
| tradeXYZ xyz:AMZN | +0.0146% | 1h | 259.42 | +0.069% | $28.7M | $10.7M | 20x | as long as short |
| Bybit AMZNUSDT | +0.0191% | 8h | 259.51 | +0.104% | $3.7M | $3.2M | 100x | as long as short |
| Nado AMZN-PERP | +0.0196% | 1h | 259.24 | −0.001% | $414K | $122K | 20x | as long as short |
| Hotstuff AMZN-PERP | +0.0208% | 1h | 259.32 | +0.031% | $33K | — | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 258.78 | −0.177% | $75K | $27K | 30x | as long as short |
| Lighter AMZN | +0.0224% | 1h | 259.53 | +0.111% | $827K | $1.1M | 20x | as long as short |
| Arcus AMZN-USD | +0.0254% | 1h | 259.29 | +0.019% | $197K | $241K | 10x | as long as short |
| Bitget AMZNUSDT | +0.0257% | 8h | 259.42 | +0.069% | $4.8M | $3.8M | 100x | as long as short |
| Variational Omni AMZN | +0.0271% | 8h | 259.35 | +0.041% | $1.8M | $1.4M | — | as long as short |
| Extended AMZN_24_5-USD | +0.0272% | 1h | 259.37 | +0.049% | $498K | $3.9M | 10x | as long as short |
| Binance AMZNUSDT | +0.0275% | 8h | 259.51 | +0.104% | $16.2M | $29.9M | 20x | as long as short |
| Phoenix AMZNshort | +0.0339% | 1h | 259.34 | +0.039% | $5K | $98K | 20x | |
| edgeX AMZNUSDC | +0.0350% | 4h | 259.33 | +0.036% | $28K | $248K | 10x | as long as short |
| BloFin AMZN-USDT | +0.0395% | 8h | 259.41 | +0.066% | $179K | $215K | 20x | as long as short |
Coinbase International AMZN-PERP-INTX
Phoenix AMZN
Aster AMZNUSDT
Gate AMZN_USDT
Lighter RH AMZN
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Deribit AMZN_USDC-PERPETUAL
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
GRVT AMZN_USDT_Perp
OKX AMZN-USDT-SWAP
tradeXYZ xyz:AMZN
Bybit AMZNUSDT
Injective AMZN/USDC PERP
Lighter AMZN
Bitget AMZNUSDT
Variational Omni AMZN
Extended AMZN_24_5-USD
Binance AMZNUSDT
edgeX AMZNUSDC
BloFin AMZN-USDT