Funding you earn now, next payment 06:00 UTC+0.0208%/8h= +22.7% APRpaid last 24h +0.029%
Price spread now: Phoenix against KuCoin+0.112%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.112% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AMZNUSDTM | 259.63 | 0.0100 | pay 0.0100% / 8h | 1h 17m | $1.5M | $436K | 20x |
| Short | Phoenix AMZN | 259.92 | 0.0308 | get 0.0038% / 1h | 17m 23s | $5K | $78K | 20x |
KuCoin AMZNUSDTM
Phoenix AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.61
- Price spread: +0.112% → 0.000%
- $11.17
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $35.78
- Costs to cover
- 0.190%
- Break-even
- 1.3 days
Slippage unknown: KuCoin: live order book, 8 min ago; Phoenix: 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 KuCoin live order book, 8 min ago | 9.63 bp | 135.3 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AMZN-PERP | −0.0008% | 1h | 259.70 | +0.027% | $33K | — | 20x | as long as short |
| Aster AMZNUSDT | 0.0000% | 8h | 259.73 | +0.039% | $202K | $207K | 20x | as long as short |
| Extended AMZN_24_5-USD | 0.0000% | 1h | 259.71 | +0.032% | $500K | $3.0M | 10x | as long as short |
| Binance AMZNUSDT | 0.0000% | 8h | 259.79 | +0.060% | $15.9M | $29.9M | 20x | as long as short |
| OKX AMZN-USDT-SWAP | 0.0000% | 8h | 259.84 | +0.081% | $2.8M | $4.8M | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.58 | −0.019% | $763K | $2.7M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.92 | +0.112% | $4.9M | $4.0M | 100x | as long as short |
| Variational Omni AMZN | 0.0000% | 8h | 259.94 | +0.117% | $1.8M | $1.1M | — | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 259.96 | +0.127% | $10K | $1.8M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.57 | −0.023% | $29K | $176K | 10x | as long as short |
Hotstuff AMZN-PERP
Aster AMZNUSDT
Extended AMZN_24_5-USD
Binance AMZNUSDT
OKX AMZN-USDT-SWAP
Gate AMZN_USDT
Bitget AMZNUSDT
Variational Omni AMZN
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUALShow 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 | 259.58 | −0.019% | $910K | $2.3M | 10x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.78 | +0.058% | $725K | $1.6M | 10x | as long as short |
| Arcus AMZN-USD | +0.0040% | 1h | 259.74 | +0.042% | $197K | $240K | 10x | as long as short |
| QFEX AMZN-USD | +0.0045% | 1h | 259.70 | +0.027% | $1.4M | $3.6M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.63 | 0.000% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.63 | 0.000% | $322K | $294K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.72 | +0.035% | $685 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.49 | −0.054% | $1.3M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:AMZN | +0.0068% | 1h | 259.70 | +0.027% | $30.0M | $11.3M | 20x | as long as short |
| Bybit AMZNUSDT | +0.0097% | 8h | 259.94 | +0.119% | $3.9M | $3.3M | 100x | as long as short |
| KuCoin AMZNUSDTMlong | +0.0100% | 8h | 259.63 | long leg | $1.5M | $436K | 20x | |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.68 | +0.019% | $93K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.74 | +0.042% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.69 | +0.024% | $14K | $510 | 10x | as long as short |
| Lighter AMZN | +0.0120% | 1h | 259.75 | +0.046% | $750K | $1.3M | 20x | as long as short |
| BloFin AMZN-USDT | +0.0120% | 8h | 259.95 | +0.123% | $177K | $280K | 20x | as long as short |
| Nado AMZN-PERP | +0.0121% | 1h | 259.56 | −0.025% | $414K | $113K | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.61 | −0.008% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNshort | +0.0308% | 1h | 259.92 | +0.112% | $5K | $78K | 20x | |
| edgeX AMZNUSDC | +0.0550% | 4h | 259.89 | +0.101% | $28K | $250K | 10x | as long as short |
Coinbase International AMZN-PERP-INTX
Lighter RH AMZN
Arcus AMZN-USD
QFEX AMZN-USD
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
tradeXYZ xyz:AMZN
Bybit AMZNUSDT
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
Lighter AMZN
BloFin AMZN-USDT
Nado AMZN-PERP
Injective AMZN/USDC PERP
edgeX AMZNUSDC