Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.018%

Price spread now: BloFin against Lighter−0.028%60s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.175% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.028%, 7d avg +0.013%

Together, before fees+0.222%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.041% cheaper against Lighter than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.013%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMZN	258.90	0.0248	pay 0.0031% / 1h	47m 56s	$832K	$1.1M	20x
Short	BloFin AMZN-USDT	258.83	0.0311	get 0.0311% / 8h	1h 47m	$179K	$189K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.028%Rate

Funding earned: $13.22
Price spread: −0.028% → +0.013%: −$4.08
Slippage, 4 orders: −$5.49
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.36
Costs to cover: 0.175%
Break-even: 11.4 days

Slippage from Lighter: live order book, 3 min ago; BloFin: live order book, 27 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 Lighter live order book, 3 min ago	0.50 bp	0.7 bp −$1	2.4 bp −$24	72.0 bp −$7,195	doesn't fit
Sell BloFin live order book, 27 min ago	1.16 bp	7.5 bp −$8	10.1 bp −$101	26.6 bp −$2,658	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
Aster AMZNUSDT	0.0000%	8h	258.80	−0.039%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.70	−0.078%	$762K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.88	−0.008%	$715K	$1.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.72	−0.070%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	258.79	−0.043%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.74	−0.063%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.79	−0.043%	$628	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.57	−0.128%	$1.3M	$1.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0056%	1h	258.74	−0.063%	$940K	$2.7M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0059%	1h	258.77	−0.051%	$27K	$264K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0066%	1h	258.83	−0.028%	$1.4M	$4.4M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.66	−0.093%	$1.5M	$653K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.68	−0.086%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.83	−0.028%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.80	−0.039%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0105%	1h	258.77	−0.051%	$28.1M	$11.2M	20x	as long as short
OKX AMZN-USDT-SWAP	+0.0116%	8h	258.85	−0.020%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0126%	8h	258.86	−0.016%	$9K	$1.7M	10x	as long as short
Variational Omni AMZN	+0.0176%	8h	258.87	−0.014%	$1.8M	$1.6M	—	as long as short
Binance AMZNUSDT	+0.0191%	8h	258.86	−0.016%	$16.1M	$31.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0192%	1h	258.82	−0.031%	$490K	$2.5M	10x	as long as short
Nado AMZN-PERP	+0.0202%	1h	258.70	−0.077%	$414K	$124K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.57	−0.128%	$74K	$27K	30x	as long as short
Lighter AMZNlong	+0.0248%	1h	258.90	long leg	$832K	$1.1M	20x
Bitget AMZNUSDT	+0.0273%	8h	258.90	−0.001%	$4.8M	$4.1M	100x	as long as short
Arcus AMZN-USD	+0.0284%	1h	258.71	−0.074%	$196K	$239K	10x	as long as short
BloFin AMZN-USDTshort	+0.0311%	8h	258.83	−0.028%	$179K	$189K	20x
Bybit AMZNUSDT	+0.0311%	8h	258.96	+0.022%	$3.7M	$3.3M	100x	as long as short
Phoenix AMZN	+0.0340%	1h	258.91	+0.003%	$5K	$118K	20x	as long as short
edgeX AMZNUSDC	+0.0539%	4h	258.84	−0.023%	$28K	$248K	10x	as long as short