Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0884%/8h= −96.8% APRpaid last 24h −0.185%

Price spread now: Binance against edgeX+0.028%50s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.327% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.028%, 7d avg +0.006%

Together, before fees−0.032%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.021% dearer against edgeX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of +0.006%): +$2 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.248%, so the current rate has only just turned against you. The two prices were read 50 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 0.248% in total (about 12.9% 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	edgeX AMZNUSDC	259.91	0.0907	pay 0.0453% / 4h	20m 48s	$28K	$249K	10x
Short	Binance AMZNUSDT	259.98	0.0023	get 0.0023% / 8h	20m 48s	$16.0M	$29.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$185.72
Price spread: +0.028% → +0.006%: $2.12
Slippage, 4 orders: −$13.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$216.32
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from edgeX: live order book, 16 min ago; Binance: live order book, 6 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 edgeX live order book, 16 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.19 bp	6.3 bp −$6	13.0 bp −$130	48.3 bp −$4,828	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
Deribit AMZN_USDC-PERPETUAL	−0.0135%	1h	259.72	−0.072%	$29K	$172K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.95	+0.016%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.99	+0.032%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.77	−0.053%	$764K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.02	+0.043%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.98	+0.026%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.96	+0.020%	$10K	$1.8M	10x	as long as short
Binance AMZNUSDTshort	+0.0023%	8h	259.98	+0.028%	$16.0M	$29.4M	20x
Extended AMZN_24_5-USD	+0.0024%	1h	259.91	+0.001%	$498K	$3.0M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.97	+0.024%	$739K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.84	−0.026%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.91	+0.001%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.86	−0.018%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.80	−0.042%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.90	−0.003%	$679	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.64	−0.103%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.91	+0.001%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.54	−0.142%	$915K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0092%	8h	259.97	+0.024%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.72	−0.072%	$1.5M	$398K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.80	−0.042%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.93	+0.008%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.88	−0.011%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0125%	1h	259.86	−0.019%	$414K	$114K	20x	as long as short
Hotstuff AMZN-PERP	+0.0144%	1h	259.84	−0.026%	$33K	—	20x	as long as short
Lighter AMZN	+0.0160%	1h	259.96	+0.020%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0186%	8h	260.07	+0.062%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.68	−0.088%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.032%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0907%	4h	259.91	long leg	$28K	$249K	10x