Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h +0.006%

Price spread now: Coinbase International against GRVT−0.143%76s7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as 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−$360.364% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.143%, 7d avg −0.121%

Together, before fees+0.291%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.022% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.121%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.179%, so the current rate has only just turned against you. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AMZN_USDT_Perp	259.45	0.0273	pay 0.0273% / 8h	7h 54m	$9K	$1.8M	10x
Short	Coinbase International AMZN-PERP-INTX	259.08	0.0072	get 0.0009% / 1h	54m 06s	$939K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$42.21
Price spread: −0.143% → −0.121%: −$2.17
Slippage, 4 orders: −$17.4
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.77
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Coinbase International: 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 GRVT live order book, 4 min ago	0.38 bp	7.6 bp −$8	18.5 bp −$185	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.82 bp	9.8 bp −$10	13.4 bp −$134	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 AMZNUSDT	0.0000%	8h	259.22	−0.090%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.24	−0.081%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.21	−0.093%	$27K	$178K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.44	−0.004%	$718K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.16	−0.112%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.20	−0.097%	$304K	$279K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.32	−0.050%	$610	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.09	−0.139%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.27	−0.070%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0072%	1h	259.08	−0.143%	$939K	$2.7M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.24	−0.081%	$1.5M	$606K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.21	−0.093%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.34	−0.043%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.31	−0.053%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0136%	8h	259.41	−0.016%	$2.9M	$4.4M	20x	as long as short
Bybit AMZNUSDT	+0.0178%	8h	259.46	+0.004%	$3.7M	$3.2M	100x	as long as short
Hotstuff AMZN-PERP	+0.0192%	1h	259.29	−0.062%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0218%	1h	259.32	−0.050%	$28.6M	$10.8M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.21	−0.093%	$75K	$27K	30x	as long as short
edgeX AMZNUSDC	+0.0220%	4h	259.43	−0.007%	$28K	$247K	10x	as long as short
Nado AMZN-PERP	+0.0243%	1h	259.16	−0.112%	$414K	$123K	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.31	−0.054%	$197K	$242K	10x	as long as short
Variational Omni AMZN	+0.0267%	8h	259.50	+0.021%	$1.8M	$1.4M	—	as long as short
Lighter AMZN	+0.0272%	1h	259.43	−0.007%	$833K	$1.1M	20x	as long as short
Extended AMZN_24_5-USD	+0.0272%	1h	259.30	−0.059%	$497K	$2.5M	10x	as long as short
GRVT AMZN_USDT_Perplong	+0.0273%	8h	259.45	long leg	$9K	$1.8M	10x
Binance AMZNUSDT	+0.0275%	8h	259.39	−0.023%	$16.1M	$30.8M	20x	as long as short
Bitget AMZNUSDT	+0.0291%	8h	259.33	−0.047%	$4.8M	$3.9M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.43	−0.008%	$5K	$98K	20x	as long as short
BloFin AMZN-USDT	+0.0395%	8h	259.32	−0.050%	$177K	$216K	20x	as long as short