Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.020%

Price spread now: GRVT against Extended+0.016%52s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.294% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.016%, 7d avg +0.030%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% 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	259.43	0.0216	pay 0.0027% / 1h	58m 34s	$498K	$2.7M	10x
Short	GRVT AMZN_USDT_Perp	259.47	0	get 0.0000% / 8h	5h 58m	$11K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$45.36
Price spread: +0.016% → +0.030%: −$1.43
Slippage, 4 orders: −$15.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$76.23
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago	0.96 bp	7.3 bp −$7	38.6 bp −$386	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.54 bp	7.7 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit

AMZN on 29 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	259.37	−0.023%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.28	−0.057%	$761K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perpshort	0.0000%	8h	259.47	+0.016%	$11K	$1.8M	10x
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.30	−0.050%	$28K	$174K	10x	as long as short
Nado AMZN-PERP	+0.0002%	1h	259.37	−0.022%	$414K	$122K	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.50	+0.028%	$717K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.32	−0.042%	$936K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.37	−0.023%	$197K	$240K	10x	as long as short
Bitget AMZNUSDT	+0.0044%	8h	259.54	+0.043%	$4.8M	$3.8M	100x	as long as short
Polymarket Perps AMZN-USD	+0.0044%	1h	259.26	−0.065%	$317K	$287K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.39	−0.015%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.37	−0.023%	$33K	—	20x	as long as short
QFEX AMZN-USD	+0.0049%	1h	259.47	+0.016%	$1.4M	$4.1M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.39	−0.015%	$29.8M	$11.3M	20x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.49	+0.024%	$640	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.26	−0.065%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0084%	8h	259.50	+0.028%	$2.9M	$4.5M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.31	−0.046%	$1.5M	$575K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.34	−0.034%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.50	+0.028%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.42	−0.003%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0120%	1h	259.48	+0.019%	$823K	$1.1M	20x	as long as short
Variational Omni AMZN	+0.0213%	8h	259.46	+0.014%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0214%	8h	259.51	+0.030%	$16.1M	$29.9M	20x	as long as short
Extended AMZN_24_5-USDlong	+0.0216%	1h	259.43	long leg	$498K	$2.7M	10x
Injective AMZN/USDC PERP	+0.0220%	1h	259.23	−0.076%	$75K	$27K	30x	as long as short
Bybit AMZNUSDT	+0.0233%	8h	259.58	+0.058%	$3.8M	$3.2M	100x	as long as short
Phoenix AMZN	+0.0277%	1h	259.45	+0.008%	$5K	$77K	20x	as long as short
edgeX AMZNUSDC	+0.0473%	4h	259.43	−0.001%	$28K	$249K	10x	as long as short