Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.011%

Price spread now: Coinbase International against KuCoin−0.065%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1311.307% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.065%, 7d avg −0.028%

Together, before fees+0.125%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AMZNUSDTM	259.58	0.0100	pay 0.0100% / 8h	5h 47m	$1.5M	$486K	20x
Short	Coinbase International AMZN-PERP-INTX	259.41	0.0080	get 0.0010% / 1h	47m 09s	$953K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$4.2
Price spread: −0.065% → −0.028%: −$3.73
Slippage, 4 orders: −$108.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$138.63
Costs to cover: 1.307%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	4.81 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.27 bp	8.3 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit

AMZN on 30 exchanges

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
Hotstuff AMZN-PERP	−0.1600%	1h	259.92	+0.131%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.72	+0.053%	$203K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.62	+0.015%	$813K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.71	+0.050%	$5.0M	$4.9M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.53	−0.019%	$37K	$145K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.63	+0.019%	$710K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.60	+0.008%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.56	−0.008%	$323K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.61	+0.012%	$705	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.35	−0.089%	$1.3M	$1.0M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AMZN-USDT-SWAP	+0.0055%	8h	259.69	+0.042%	$2.9M	$4.8M	20x	as long as short
QFEX AMZN-USD	+0.0061%	1h	259.66	+0.031%	$1.4M	$3.5M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0075%	1h	259.53	−0.019%	$30.1M	$11.6M	20x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0080%	1h	259.41	−0.065%	$953K	$2.4M	10x
KuCoin AMZNUSDTMlong	+0.0100%	8h	259.58	long leg	$1.5M	$486K	20x
ApeX Omni AMZNUSDT	+0.0100%	1h	259.89	+0.119%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.70	+0.046%	$1K	$877	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.59	+0.002%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0164%	8h	260.21	+0.245%	$1.8M	$1.0M	—	as long as short
Binance AMZNUSDT	+0.0197%	8h	259.69	+0.042%	$16.4M	$32.1M	20x	as long as short
Extended AMZN_24_5-USD	+0.0200%	1h	259.59	+0.005%	$503K	$3.0M	10x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.23	+0.250%	$76K	$23K	30x	as long as short
Nado AMZN-PERP	+0.0226%	1h	259.37	−0.082%	$403K	$118K	20x	as long as short
Lighter AMZN	+0.0232%	1h	259.66	+0.032%	$730K	$1.3M	20x	as long as short
Arcus AMZN-USD	+0.0246%	1h	259.56	−0.008%	$197K	$205K	10x	as long as short
Phoenix AMZN	+0.0276%	1h	259.78	+0.077%	$5K	$84K	20x	as long as short
BloFin AMZN-USDT	+0.0315%	8h	259.70	+0.046%	$182K	$303K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0365%	8h	259.99	+0.158%	$9K	$1.8M	10x	as long as short
Bybit AMZNUSDT	+0.0424%	8h	259.82	+0.092%	$4.3M	$3.6M	100x	as long as short
edgeX AMZNUSDC	+0.0885%	4h	260.12	+0.209%	$28K	$249K	10x	as long as short