Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0385%/8h= −42.1% APRpaid last 24h −0.213%

Price spread now: Polymarket Perps against edgeX−0.041%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.041%, 7d avg −0.063%

Together, before fees+0.180%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.021% dearer against edgeX than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.063%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.209%, 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 0.209% in total (about 10.9% 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	259.81	0.0435	pay 0.0217% / 4h	3h 23m	$28K	$248K	10x
Short	Polymarket Perps AMZN-USD	259.70	0.0050	get 0.0006% / 1h	23m 31s	$322K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$80.81
Price spread: −0.041% → −0.063%: $2.13
Slippage, 4 orders: −$14.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$110.65
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from edgeX: live order book, 29 min ago; Polymarket Perps: live order book, 29 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, 29 min ago	5.39 bp	10.3 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 29 min ago	1.73 bp	5.7 bp −$6	6.8 bp −$68	8.1 bp −$805	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	259.86	+0.021%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.83	+0.009%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.70	−0.041%	$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_Perp	0.0000%	8h	259.84	+0.014%	$9K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.67	−0.053%	$28K	$175K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.90	+0.036%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.78	−0.010%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.72	−0.034%	$917K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.73	−0.030%	$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	259.79	−0.007%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USDshort	+0.0050%	1h	259.70	−0.041%	$322K	$278K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.83	+0.009%	$681	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.61	−0.076%	$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
Nado AMZN-PERP	+0.0075%	1h	259.77	−0.014%	$414K	$112K	20x	as long as short
tradeXYZ xyz:AMZN	+0.0075%	1h	259.83	+0.009%	$29.8M	$11.2M	20x	as long as short
Binance AMZNUSDT	+0.0086%	8h	259.86	+0.020%	$16.0M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0088%	1h	259.79	−0.007%	$502K	$2.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.64	−0.064%	$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	259.81	+0.001%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.76	−0.019%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0120%	1h	259.77	−0.014%	$33K	—	20x	as long as short
Lighter AMZN	+0.0136%	1h	259.90	+0.035%	$802K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0167%	8h	259.94	+0.051%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0209%	8h	259.83	+0.009%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.51	−0.114%	$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