Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.015%

Price spread now: QFEX against Gate+0.027%7-day average 0.000% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.027%, 7d avg 0.000%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.027% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AMZN_USDT	259.72	0	get 0.0000% / 8h	2h 33m	$764K	$2.7M	100x
Short	QFEX AMZN-USD	259.79	0.0020	get 0.0002% / 1h	33m 48s	$1.4M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $4.17
Price spread: +0.027% → 0.000%: $2.71
Slippage, 4 orders: −$21.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.79
Costs to cover: 0.467%
Break-even: 73.8 days

Slippage from Gate: live order book, 4 min ago; QFEX: 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 Gate live order book, 4 min ago	2.31 bp	20.5 bp −$20	47.6 bp −$476	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.31 bp	7.3 bp −$7	8.2 bp −$82	14.5 bp −$1,446	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	259.81	+0.036%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.92	+0.077%	$2.8M	$4.7M	20x	as long as short
Gate AMZN_USDTlong	0.0000%	8h	259.72	long leg	$764K	$2.7M	100x
Bitget AMZNUSDT	0.0000%	8h	259.87	+0.058%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.90	+0.071%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.81	+0.035%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.71	−0.004%	$28K	$175K	10x	as long as short
QFEX AMZN-USDshort	+0.0020%	1h	259.79	+0.027%	$1.4M	$3.7M	10x
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.50	−0.085%	$917K	$2.3M	10x	as long as short
Binance AMZNUSDT	+0.0029%	8h	259.88	+0.063%	$15.9M	$29.9M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMZN	+0.0032%	1h	259.92	+0.077%	$726K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	259.80	+0.032%	$499K	$3.1M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.73	+0.004%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	+0.012%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.70	−0.008%	$321K	$286K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.82	+0.039%	$680	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.63	−0.035%	$1.3M	$1.1M	10x	as long as short
Bybit AMZNUSDT	+0.0099%	8h	259.83	+0.042%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.66	−0.023%	$1.5M	$471K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.64	−0.031%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.82	+0.039%	$1K	$320	10x	as long as short
Nado AMZN-PERP	+0.0100%	1h	259.77	+0.019%	$414K	$112K	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.80	+0.031%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0117%	8h	259.89	+0.065%	$179K	$205K	20x	as long as short
Lighter AMZN	+0.0128%	1h	259.87	+0.057%	$748K	$1.3M	20x	as long as short
Hotstuff AMZN-PERP	+0.0128%	1h	259.79	+0.027%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0177%	1h	259.79	+0.027%	$30.0M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.64	−0.031%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.73	+0.004%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0998%	4h	259.79	+0.029%	$28K	$249K	10x	as long as short