Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.034%

Price spread now: Aster against Extended−0.072%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.072%, 7d avg +0.028%

Together, before fees−0.031%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.099% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% 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	Extended AMZN_24_5-USD	259.45	0.0272	pay 0.0034% / 1h	56m 47s	$497K	$2.5M	10x
Short	Aster AMZNUSDT	259.26	0	get 0.0000% / 8h	7h 56m	$203K	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$57.12
Price spread: −0.072% → +0.028%: −$9.93
Slippage, 4 orders: −$88.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$168.85
Costs to cover: 1.018%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 15 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 Extended live order book, 2 min ago	0.77 bp	6.5 bp −$6	37.6 bp −$376	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	4.43 bp	44.2 bp −$44	doesn't fit	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 AMZNUSDTshort	0.0000%	8h	259.26	−0.072%	$203K	$211K	20x
Gate AMZN_USDT	0.0000%	8h	259.25	−0.076%	$765K	$2.5M	100x	as long as short
Lighter RH AMZN	+0.0040%	1h	259.55	+0.040%	$718K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.22	−0.087%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.30	−0.057%	$305K	$296K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.42	−0.010%	$611	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.16	−0.111%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.37	−0.030%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.08	−0.141%	$939K	$2.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.27	−0.068%	$1.5M	$605K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AMZNUSDT	+0.0100%	1h	259.14	−0.118%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.49	+0.017%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.32	−0.049%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0137%	8h	259.51	+0.024%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0167%	8h	259.36	−0.034%	$14K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0213%	1h	259.40	−0.018%	$27K	$178K	10x	as long as short
Hotstuff AMZN-PERP	+0.0216%	1h	259.35	−0.037%	$33K	—	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.14	−0.118%	$75K	$27K	30x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.25	−0.076%	$197K	$242K	10x	as long as short
Variational Omni AMZN	+0.0261%	8h	259.39	−0.020%	$1.8M	$1.4M	—	as long as short
Nado AMZN-PERP	+0.0267%	1h	259.24	−0.081%	$414K	$123K	20x	as long as short
Extended AMZN_24_5-USDlong	+0.0272%	1h	259.45	long leg	$497K	$2.5M	10x
Binance AMZNUSDT	+0.0274%	8h	259.50	+0.021%	$16.1M	$30.8M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0279%	1h	259.38	−0.026%	$28.6M	$11.0M	20x	as long as short
Bitget AMZNUSDT	+0.0290%	8h	259.50	+0.020%	$4.8M	$3.9M	100x	as long as short
Lighter AMZN	+0.0296%	1h	259.54	+0.036%	$833K	$1.1M	20x	as long as short
Phoenix AMZN	+0.0309%	1h	259.43	−0.007%	$5K	$98K	20x	as long as short
Bybit AMZNUSDT	+0.0340%	8h	259.57	+0.047%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0394%	8h	259.36	−0.033%	$178K	$216K	20x	as long as short
edgeX AMZNUSDC	+0.0479%	4h	259.35	−0.037%	$28K	$247K	10x	as long as short