Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.033%

Price spread now: Arcus against GRVT−0.041%7-day average −0.096% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.572%−$57 · spread now −0.041%, 7d avg −0.096%

Together, before fees−0.490%+ Points / potential airdropGRVT: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.055% dearer against GRVT than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.096%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 4 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AMZN_USDT_Perp	260.69	0.0158	pay 0.0158% / 8h	6h 54m	$12K	$1.8M	10x
Short	Arcus AMZN-USD	260.58	0.0142	get 0.0018% / 1h	54m 50s	$198K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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 GRVTbpFee ArcusbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$3.29
Price spread: −0.041% → −0.096%: $5.5
Slippage, 4 orders: −$13.75
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.04
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Arcus: live order book, 38 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 GRVT live order book, 3 min ago	1.34 bp	8.4 bp −$8	18.6 bp −$186	doesn't fit	doesn't fit
Sell Arcus live order book, 38 min ago	2.69 bp	6.9 bp −$7	7.2 bp −$72	15.2 bp −$1,518	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	260.33	−0.136%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.65	−0.015%	$2.9M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.42	−0.103%	$779K	$2.5M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.62	−0.026%	$4.9M	$4.2M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.59	−0.038%	$719K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0038%	8h	260.83	+0.056%	$1.8M	$1.2M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.54	−0.057%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.47	−0.084%	$323K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.61	−0.030%	$701	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.44	−0.095%	$1.3M	$1.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0063%	1h	260.67	−0.007%	$1.4M	$3.5M	10x	as long as short
Extended AMZN_24_5-USD	+0.0064%	1h	260.49	−0.076%	$504K	$3.0M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.67	−0.007%	$943K	$2.3M	10x	as long as short
Binance AMZNUSDT	+0.0065%	8h	260.55	−0.053%	$16.2M	$30.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0091%	1h	260.37	−0.122%	$30.0M	$11.4M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.39	−0.114%	$1.5M	$441K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.52	−0.064%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.67	−0.007%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.61	−0.030%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0128%	1h	260.51	−0.068%	$33K	—	20x	as long as short
Arcus AMZN-USDshort	+0.0142%	1h	260.58	−0.041%	$198K	$233K	10x
GRVT AMZN_USDT_Perplong	+0.0158%	8h	260.69	long leg	$12K	$1.8M	10x
BloFin AMZN-USDT	+0.0185%	8h	260.77	+0.031%	$179K	$312K	20x	as long as short
Nado AMZN-PERP	+0.0208%	1h	260.45	−0.091%	$413K	$114K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.85	+0.062%	$75K	$27K	30x	as long as short
edgeX AMZNUSDC	+0.0228%	4h	260.70	+0.006%	$28K	$248K	10x	as long as short
Phoenix AMZN	+0.0246%	1h	260.64	−0.018%	$5K	$84K	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0249%	1h	260.49	−0.076%	$29K	$139K	10x	as long as short
Lighter AMZN	+0.0264%	1h	260.52	−0.063%	$744K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0490%	8h	260.66	−0.011%	$4.3M	$3.5M	100x	as long as short