Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.075%

Price spread now: Orderly against Hotstuff+0.081%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Orderly is 0.081% dearer against Hotstuff than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff AMZN-PERP	259.10	0.0120	pay 0.0015% / 1h	25m 10s	$33K	—	20x
Short	Orderly PERP_AMZN_USDC_mythos	259.31	0.0100	get 0.0100% / 8h	25m 10s	$1K	$320	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Hotstuff. 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 HotstuffbpFee OrderlybpOrdersPrice spread, now +0.081%Rate

Funding earned: −$4.2
Price spread: +0.081% → 0.000%: $8.1
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.1
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Orderly: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Hotstuff and Orderly: 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	259.13	+0.012%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.09	−0.004%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.25	+0.058%	$27K	$177K	10x	as long as short
Lighter RH AMZN	+0.0040%	1h	259.39	+0.112%	$722K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.09	−0.004%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.20	+0.039%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.27	+0.066%	$630	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.73	−0.143%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.22	+0.046%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.00	−0.039%	$940K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.17	+0.027%	$1.5M	$619K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.92	−0.069%	$92K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythosshort	+0.0100%	8h	259.31	+0.081%	$1K	$320	10x
Aevo AMZN-PERP	+0.0104%	1h	259.27	+0.067%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERPlong	+0.0120%	1h	259.10	long leg	$33K	—	20x
OKX AMZN-USDT-SWAP	+0.0136%	8h	259.35	+0.096%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0154%	8h	259.15	+0.019%	$7K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0206%	1h	259.27	+0.066%	$28.5M	$10.9M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.07	−0.012%	$75K	$27K	30x	as long as short
Variational Omni AMZN	+0.0236%	8h	259.19	+0.033%	$1.8M	$1.4M	—	as long as short
Nado AMZN-PERP	+0.0245%	1h	258.96	−0.054%	$414K	$122K	20x	as long as short
Binance AMZNUSDT	+0.0248%	8h	259.38	+0.109%	$16.1M	$31.1M	20x	as long as short
Extended AMZN_24_5-USD	+0.0248%	1h	259.33	+0.089%	$497K	$2.5M	10x	as long as short
edgeX AMZNUSDC	+0.0261%	4h	259.11	+0.006%	$28K	$246K	10x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.19	+0.035%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0291%	8h	259.34	+0.093%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.16	+0.023%	$5K	$98K	20x	as long as short
Bybit AMZNUSDT	+0.0352%	8h	259.29	+0.073%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0368%	8h	259.36	+0.100%	$178K	$216K	20x	as long as short
Lighter AMZN	+0.0368%	1h	259.39	+0.111%	$834K	$1.1M	20x	as long as short