Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0427%/8h= −46.8% APRpaid last 24h +0.029%

Price spread now: Binance against Deribit+0.066%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.066%, 7d avg +0.049%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.062% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AMZN_USDC-PERPETUAL	260.44	0.0557	pay 0.0070% / 1h	18m 07s	$29K	$138K	10x
Short	Binance AMZNUSDT	260.61	0.0130	get 0.0130% / 8h	6h 18m	$16.3M	$30.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$89.73
Price spread: +0.066% → +0.049%: $1.71
Slippage, 4 orders: −$7.58
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$112.61
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Deribit: live order book, 33 min ago; Binance: 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 Deribit live order book, 33 min ago	2.88 bp	6.4 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.58 bp	5.8 bp −$6	11.5 bp −$115	44.8 bp −$4,483	doesn't fit

AMZN on 30 exchanges

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	260.43	−0.004%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.42	−0.008%	$779K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.65	+0.081%	$4.9M	$4.2M	100x	as long as short
OKX AMZN-USDT-SWAP	+0.0004%	8h	260.67	+0.088%	$2.9M	$4.7M	20x	as long as short
edgeX AMZNUSDC	+0.0024%	4h	260.54	+0.040%	$28K	$249K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.48	+0.015%	$717K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.40	−0.015%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.35	−0.035%	$323K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.46	+0.008%	$703	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.19	−0.096%	$1.3M	$1.0M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0063%	1h	260.50	+0.023%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.38	−0.023%	$923K	$2.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	260.40	−0.015%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.37	−0.027%	$1.5M	$465K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.32	−0.046%	$93K	$140K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.52	+0.031%	$1K	$331	10x	as long as short
tradeXYZ xyz:AMZN	+0.0102%	1h	260.38	−0.023%	$30.1M	$11.4M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.45	+0.004%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0105%	8h	260.62	+0.067%	$1.8M	$1.0M	—	as long as short
Extended AMZN_24_5-USD	+0.0128%	1h	260.50	+0.023%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDTshort	+0.0130%	8h	260.61	+0.066%	$16.3M	$30.4M	20x
Arcus AMZN-USD	+0.0142%	1h	260.33	−0.042%	$197K	$205K	10x	as long as short
Phoenix AMZN	+0.0215%	1h	260.48	+0.015%	$5K	$84K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.71	+0.104%	$75K	$27K	30x	as long as short
Nado AMZN-PERP	+0.0228%	1h	260.26	−0.069%	$412K	$112K	20x	as long as short
BloFin AMZN-USDT	+0.0246%	8h	260.65	+0.081%	$181K	$314K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0262%	8h	260.54	+0.037%	$12K	$1.8M	10x	as long as short
Lighter AMZN	+0.0280%	1h	260.51	+0.028%	$730K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0479%	8h	260.66	+0.084%	$4.3M	$3.5M	100x	as long as short
Deribit AMZN_USDC-PERPETUALlong	+0.0557%	1h	260.44	long leg	$29K	$138K	10x