Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.068%

Price spread now: Hotstuff against GRVT−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.027% cheaper against GRVT than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 34 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AMZN_USDT_Perp	260.03	0	get 0.0000% / 8h	2h 12m	$10K	$1.8M	10x
Short	Hotstuff AMZN-PERP	259.96	0.0064	get 0.0008% / 1h	12m 47s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.027%Rate

Funding earned: $13.44
Price spread: −0.027% → 0.000%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$3.3
Costs to cover: 0.140%
Break-even: 8.7 days

Slippage unknown: GRVT: live order book, just now; Hotstuff: no order-book sample. Net counts fees only.

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, just now	1.35 bp	5.9 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	260.00	−0.012%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.12	+0.034%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.91	−0.047%	$766K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.10	+0.026%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	260.07	+0.017%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perplong	0.0000%	8h	260.03	long leg	$10K	$1.8M	10x
Binance AMZNUSDT	+0.0014%	8h	260.07	+0.015%	$15.9M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	260.01	−0.009%	$499K	$3.1M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0019%	1h	259.95	−0.031%	$28K	$176K	10x	as long as short
QFEX AMZN-USD	+0.0020%	1h	259.99	−0.016%	$1.4M	$3.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.73	−0.116%	$914K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.07	+0.015%	$726K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.92	−0.043%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.90	−0.051%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.86	−0.066%	$321K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.01	−0.008%	$669	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.83	−0.077%	$1.3M	$1.2M	10x	as long as short
BloFin AMZN-USDT	+0.0057%	8h	259.93	−0.039%	$177K	$205K	20x	as long as short
edgeX AMZNUSDC	+0.0058%	4h	260.05	+0.007%	$28K	$250K	10x	as long as short
Hotstuff AMZN-PERPshort	+0.0064%	1h	259.96	−0.027%	$33K	—	20x
Nado AMZN-PERP	+0.0091%	1h	259.89	−0.054%	$414K	$113K	20x	as long as short
Bybit AMZNUSDT	+0.0099%	8h	260.14	+0.042%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.77	−0.101%	$1.5M	$463K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.84	−0.074%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.03	−0.001%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.98	−0.020%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0128%	1h	260.05	+0.006%	$747K	$1.3M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0139%	1h	259.96	−0.027%	$30.0M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.19	+0.061%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	260.04	+0.003%	$5K	$78K	20x	as long as short