Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0435%/8h= −47.6% APRpaid last 24h −0.212%

Price spread now: GRVT against edgeX+0.033%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.033%, 7d avg +0.031%

Together, before fees+0.112%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.145%, 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 0.145% in total (about 7.6% 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	259.81	0.0435	pay 0.0217% / 4h	3h 25m	$28K	$248K	10x
Short	GRVT AMZN_USDT_Perp	259.89	0	get 0.0000% / 8h	3h 25m	$9K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$91.31
Price spread: +0.033% → +0.031%: $0.22
Slippage, 4 orders: −$17.57
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$126.66
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from edgeX: live order book, 27 min ago; GRVT: live order book, 3 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, 27 min ago	5.39 bp	10.3 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	0.77 bp	6.3 bp −$6	14.3 bp −$143	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	259.83	+0.010%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.87	+0.024%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.69	−0.045%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	+0.032%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perpshort	0.0000%	8h	259.89	+0.033%	$9K	$1.9M	10x
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.68	−0.049%	$28K	$175K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.86	+0.020%	$721K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.74	−0.026%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.66	−0.057%	$918K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.74	−0.026%	$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	259.74	−0.026%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.68	−0.049%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.76	−0.018%	$679	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.59	−0.084%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0068%	8h	259.81	+0.001%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0074%	1h	259.77	−0.014%	$29.8M	$11.3M	20x	as long as short
Nado AMZN-PERP	+0.0078%	1h	259.76	−0.019%	$414K	$112K	20x	as long as short
Extended AMZN_24_5-USD	+0.0088%	1h	259.74	−0.027%	$502K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0089%	8h	259.82	+0.005%	$16.0M	$29.8M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.66	−0.057%	$1.5M	$502K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.68	−0.049%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.80	−0.003%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.74	−0.027%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0120%	1h	259.79	−0.007%	$33K	—	20x	as long as short
Lighter AMZN	+0.0136%	1h	259.86	+0.021%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0171%	8h	259.92	+0.043%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0212%	8h	259.84	+0.013%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.27	−0.207%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.85	+0.016%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0435%	4h	259.81	long leg	$28K	$248K	10x