Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.058%

Price spread now: BloFin against Deribit+0.054%57s7-day average +0.055% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.273% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.054%, 7d avg +0.055%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 57 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 5 days it paid 0.097% in total (about 7.3% a year). A funding rate is set anew for every payment. 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	Deribit AMZN_USDC-PERPETUAL	259.73	0	get 0.0000% / 1h	22m 07s	$28K	$175K	10x
Short	BloFin AMZN-USDT	259.87	0.0206	get 0.0206% / 8h	3h 22m	$178K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: $43.32
Price spread: +0.054% → +0.055%: −$0.07
Slippage, 4 orders: −$8.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.99
Costs to cover: 0.273%
Break-even: 4.4 days

Slippage from Deribit: live order book, 31 min ago; BloFin: live order book, 69 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, 31 min ago	0.19 bp	10.2 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell BloFin live order book, 69 min ago	0.19 bp	6.2 bp −$6	10.3 bp −$103	22.6 bp −$2,257	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	259.96	+0.089%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.83	+0.039%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.73	0.000%	$765K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	+0.062%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.84	+0.044%	$9K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUALlong	0.0000%	1h	259.73	long leg	$28K	$175K	10x
Lighter RH AMZN	+0.0032%	1h	259.94	+0.081%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.80	+0.027%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.72	−0.004%	$917K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.74	+0.004%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.83	+0.039%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.76	+0.012%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.86	+0.050%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.61	−0.046%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0068%	8h	259.81	+0.031%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0073%	1h	259.86	+0.050%	$29.8M	$11.3M	20x	as long as short
Nado AMZN-PERP	+0.0074%	1h	259.85	+0.047%	$414K	$112K	20x	as long as short
Binance AMZNUSDT	+0.0085%	8h	259.93	+0.075%	$16.0M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0088%	1h	259.83	+0.038%	$502K	$2.7M	10x	as long as short
Hotstuff AMZN-PERP	+0.0096%	1h	259.86	+0.050%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.68	−0.019%	$1.5M	$503K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.68	−0.019%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.86	+0.050%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.81	+0.029%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0136%	1h	259.93	+0.075%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0165%	8h	259.96	+0.089%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDTshort	+0.0206%	8h	259.87	+0.054%	$178K	$205K	20x
Injective AMZN/USDC PERP	+0.0220%	1h	259.51	−0.085%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.85	+0.046%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0435%	4h	259.81	+0.030%	$28K	$248K	10x	as long as short