Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0638%/8h= −69.8% APRpaid last 24h −0.174%

Price spread now: Phoenix against edgeX+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.336%+$34 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phoenix is 0.041% dearer against edgeX than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.336%, 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 0.336% in total (about 17.5% 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	259.88	0.0915	pay 0.0457% / 4h	3h 26m	$28K	$247K	10x
Short	Phoenix AMZN	259.99	0.0277	get 0.0035% / 1h	26m 27s	$5K	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$133.89
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$145.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 26 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 26 min ago	5.39 bp	10.3 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.024%	$203K	$211K	20x	as long as short
Hotstuff AMZN-PERP	0.0000%	1h	259.75	−0.052%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.69	−0.075%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	+0.002%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.89	+0.004%	$9K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.68	−0.079%	$28K	$175K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0002%	8h	259.88	−0.002%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.84	−0.017%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.70	−0.071%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.66	−0.086%	$918K	$2.4M	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	259.76	−0.048%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	−0.052%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.69	−0.075%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.79	−0.036%	$681	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.59	−0.113%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0076%	8h	260.00	+0.043%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0076%	1h	259.77	−0.044%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0081%	1h	259.77	−0.046%	$414K	$112K	20x	as long as short
Extended AMZN_24_5-USD	+0.0088%	1h	259.77	−0.042%	$502K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0091%	8h	259.85	−0.013%	$16.0M	$29.8M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.67	−0.082%	$1.5M	$503K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.84	−0.017%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.78	−0.040%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.73	−0.058%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0144%	1h	259.85	−0.012%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0174%	8h	259.93	+0.018%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0212%	8h	259.84	−0.017%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.27	−0.236%	$75K	$27K	30x	as long as short
Phoenix AMZNshort	+0.0277%	1h	259.99	+0.041%	$5K	$78K	20x
edgeX AMZNUSDClong	+0.0915%	4h	259.88	long leg	$28K	$247K	10x