Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0684%/8h= −74.9% APRpaid last 24h −0.212%

Price spread now: Coinbase International against edgeX−0.127%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.127%, 7d avg −0.095%

Together, before fees+0.400%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Coinbase International is 0.032% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.307%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.307% in total (about 16.0% 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	259.83	0.0708	pay 0.0354% / 4h	2h 29m	$28K	$249K	10x
Short	Coinbase International AMZN-PERP-INTX	259.50	0.0024	get 0.0003% / 1h	29m 07s	$917K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$143.71
Price spread: −0.127% → −0.095%: −$3.15
Slippage, 4 orders: −$15.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$181.19
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from edgeX: live order book, 18 min ago; Coinbase International: live order book, 5 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, 18 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	1.73 bp	6.7 bp −$7	9.3 bp −$93	doesn't fit	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	259.82	−0.005%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.85	+0.008%	$2.8M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.65	−0.069%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.87	+0.016%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.88	+0.021%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.012%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.69	−0.054%	$28K	$175K	10x	as long as short
QFEX AMZN-USD	+0.0020%	1h	259.73	−0.038%	$1.4M	$3.7M	10x	as long as short
Binance AMZNUSDT	+0.0023%	8h	259.85	+0.007%	$15.9M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.78	−0.021%	$499K	$3.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTXshort	+0.0024%	1h	259.50	−0.127%	$917K	$2.3M	10x
Lighter RH AMZN	+0.0032%	1h	259.85	+0.008%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.73	−0.038%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.73	−0.038%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.68	−0.057%	$321K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.78	−0.019%	$683	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.58	−0.096%	$1.3M	$1.1M	10x	as long as short
Nado AMZN-PERP	+0.0092%	1h	259.74	−0.034%	$414K	$113K	20x	as long as short
BloFin AMZN-USDT	+0.0093%	8h	259.85	+0.008%	$177K	$205K	20x	as long as short
Bybit AMZNUSDT	+0.0099%	8h	259.90	+0.027%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.66	−0.065%	$1.5M	$471K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.70	−0.050%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.80	−0.011%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.77	−0.023%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.84	+0.004%	$748K	$1.3M	20x	as long as short
Hotstuff AMZN-PERP	+0.0144%	1h	259.79	−0.015%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0157%	1h	259.77	−0.023%	$30.0M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.03	+0.077%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.89	+0.023%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0708%	4h	259.83	long leg	$28K	$249K	10x