Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0654%/8h= −71.6% APRpaid last 24h −0.194%

Price spread now: Nado against edgeX−0.116%7-day average −0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.116%, 7d avg −0.022%

Together, before fees+0.095%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Nado is 0.094% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.045% in total (about 4.6% 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	259.96	0.0785	pay 0.0393% / 4h	3h 41m	$28K	$250K	10x
Short	Nado AMZN-PERP	259.66	0.0131	get 0.0016% / 1h	41m 01s	$414K	$114K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.116%Rate

Funding earned: −$137.27
Price spread: −0.116% → −0.022%: −$9.43
Slippage, 4 orders: −$29.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$191.72
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from edgeX: live order book, 56 min ago; Nado: live order book, 57 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, 56 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Nado live order book, 57 min ago	0.96 bp	12.1 bp −$12	48.8 bp −$488	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	259.87	−0.037%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.86	−0.040%	$2.8M	$4.8M	20x	as long as short
Hotstuff AMZN-PERP	0.0000%	1h	259.85	−0.044%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.71	−0.097%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	−0.028%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.93	−0.013%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.63	−0.128%	$29K	$173K	10x	as long as short
Variational Omni AMZN	+0.0010%	8h	260.01	+0.020%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0030%	8h	259.86	−0.041%	$16.1M	$29.8M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.83	−0.051%	$718K	$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
Extended AMZN_24_5-USD	+0.0032%	1h	259.78	−0.070%	$501K	$3.0M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.67	−0.113%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	−0.082%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.68	−0.109%	$29.9M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.60	−0.140%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.75	−0.082%	$699	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.67	−0.113%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.78	−0.070%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.61	−0.136%	$915K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.71	−0.097%	$1.5M	$405K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.82	−0.055%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.81	−0.059%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.75	−0.080%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0122%	8h	259.90	−0.024%	$178K	$303K	20x	as long as short
Nado AMZN-PERPshort	+0.0131%	1h	259.66	−0.116%	$414K	$114K	20x
Lighter AMZN	+0.0152%	1h	259.82	−0.056%	$743K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.35	+0.149%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.98	+0.007%	$5K	$78K	20x	as long as short
Bybit AMZNUSDT	+0.0450%	8h	259.98	+0.007%	$4.1M	$3.4M	100x	as long as short
edgeX AMZNUSDClong	+0.0785%	4h	259.96	long leg	$28K	$250K	10x