Settings8H · net · $10k
Funding arb · Price arb /

AMZN

RWAall AMZN markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AMZN-PERP-INTX259.240.0072pay 0.0009% / 1h32m 13s$939K$2.5M10x
ShortPhoenix AMZN259.340.0339get 0.0042% / 1h32m 13s$5K$98K20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago3.09 bp8.4 bp −$811.1 bp −$111doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster AMZNUSDT0.0000%8h259.27+0.010%$203K$211K20xas long as short
Gate AMZN_USDT0.0000%8h259.29+0.019%$766K$2.6M100xas long as short
Lighter RH AMZN+0.0032%1h259.56+0.123%$717K$1.5M10xas long as short
Vest AMZN-USD-PERP+0.0046%1h259.240.000%$104K25xas long as short
Polymarket Perps AMZN-USD+0.0050%1h259.21−0.012%$309K$285K10xas long as short
SoDEX AMZN-USD+0.0050%1h259.41+0.066%$626$5K10xas long as short
Ondo Perps AMZN-USD.P+0.0050%1h259.06−0.069%$1.3M$1.2M10xas long as short
QFEX AMZN-USD+0.0055%1h259.37+0.050%$1.4M$4.3M10xas long as short
Deribit AMZN_USDC-PERPETUAL+0.0059%1h259.29+0.019%$27K$173K10xas long as short
Coinbase International AMZN-PERP-INTXlong+0.0072%1h259.24long leg$939K$2.5M10x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AMZNUSDTM+0.0100%8h259.35+0.042%$1.5M$604K20xas long as short
ApeX Omni AMZNUSDT+0.0100%1h259.19−0.019%$93K$129K50xas long as short
Orderly PERP_AMZN_USDC_mythos+0.0100%8h259.44+0.077%$1K$32010xas long as short
GRVT AMZN_USDT_Perp+0.0102%8h259.37+0.050%$14K$1.8M10xas long as short
Aevo AMZN-PERP+0.0104%1h259.36+0.045%$14K$51010xas long as short
OKX AMZN-USDT-SWAP+0.0129%8h259.47+0.089%$2.9M$4.4M20xas long as short
tradeXYZ xyz:AMZN+0.0146%1h259.42+0.069%$28.7M$10.7M20xas long as short
Bybit AMZNUSDT+0.0191%8h259.51+0.104%$3.7M$3.2M100xas long as short
Nado AMZN-PERP+0.0196%1h259.24−0.001%$414K$122K20xas long as short
Hotstuff AMZN-PERP+0.0208%1h259.32+0.031%$33K20xas long as short
Injective AMZN/USDC PERP+0.0220%1h258.78−0.177%$75K$27K30xas long as short
Lighter AMZN+0.0224%1h259.53+0.111%$827K$1.1M20xas long as short
Arcus AMZN-USD+0.0254%1h259.29+0.019%$197K$241K10xas long as short
Bitget AMZNUSDT+0.0257%8h259.42+0.069%$4.8M$3.8M100xas long as short
Variational Omni AMZN+0.0271%8h259.35+0.041%$1.8M$1.4Mas long as short
Extended AMZN_24_5-USD+0.0272%1h259.37+0.049%$498K$3.9M10xas long as short
Binance AMZNUSDT+0.0275%8h259.51+0.104%$16.2M$29.9M20xas long as short
Phoenix AMZNshort+0.0339%1h259.34+0.039%$5K$98K20x
edgeX AMZNUSDC+0.0350%4h259.33+0.036%$28K$248K10xas long as short
BloFin AMZN-USDT+0.0395%8h259.41+0.066%$179K$215K20xas long as short