Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.001%

Price spread now: Deribit against GRVT−0.104%7-day average −0.071% · 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−$33as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.104%, 7d avg −0.071%

Together, before fees+0.221%+ Points / potential airdropGRVT: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.033% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.071%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.116%, 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	259.98	0	get 0.0000% / 8h	19m 09s	$10K	$1.8M	10x
Short	Deribit AMZN_USDC-PERPETUAL	259.71	−0.0058	pay 0.0007% / 1h	19m 09s	$29K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$12.17
Price spread: −0.104% → −0.071%: −$3.27
Slippage, 4 orders: −$14.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.64
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Deribit: live order book, 19 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	0.96 bp	7.5 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	0.19 bp	3.7 bp −$4	4.4 bp −$44	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
Deribit AMZN_USDC-PERPETUALshort	−0.0058%	1h	259.71	−0.104%	$29K	$172K	10x
Aster AMZNUSDT	0.0000%	8h	259.91	−0.028%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.99	+0.004%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.76	−0.085%	$764K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.02	+0.015%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.98	−0.002%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perplong	0.0000%	8h	259.98	long leg	$10K	$1.8M	10x
Binance AMZNUSDT	+0.0022%	8h	259.97	−0.005%	$16.0M	$29.4M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.89	−0.035%	$498K	$3.0M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.95	−0.012%	$739K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.85	−0.050%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.88	−0.038%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.86	−0.046%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.81	−0.065%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.91	−0.027%	$685	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.64	−0.131%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.91	−0.027%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.038%	$916K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0087%	8h	260.00	+0.008%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.108%	$1.5M	$396K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.80	−0.069%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.93	−0.019%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.87	−0.042%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0121%	1h	259.85	−0.050%	$414K	$114K	20x	as long as short
Hotstuff AMZN-PERP	+0.0144%	1h	259.89	−0.035%	$33K	—	20x	as long as short
Lighter AMZN	+0.0160%	1h	259.94	−0.015%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0186%	8h	260.02	+0.015%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.68	−0.115%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.004%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0907%	4h	259.91	−0.028%	$28K	$249K	10x	as long as short