AMZN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0325%/8h= −35.6% APRnext payment −$0.41 per $10,000 · paid last 24h −0.057%

Price spread now: Deribit against Lighter−0.093%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.093%, 7d avg −0.044%

Together, before fees+0.123%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Deribit is 0.050% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.009% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. 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	Lighter AMZN	259.95	0.0152	pay 0.0019% / 1h	17m 09s	$749K	$1.3M	20x
Short	Deribit AMZN_USDC-PERPETUAL	259.71	−0.0173	pay 0.0022% / 1h	17m 09s	$29K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$68.33
Price spread: −0.093% → −0.044%: −$4.95
Slippage, 4 orders: −$7.81
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.1
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Deribit: live order book, 21 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, 4 min ago	0.37 bp	0.5 bp −$1	1.8 bp −$18	73.9 bp −$7,390	doesn't fit
Sell Deribit live order book, 21 min ago	0.19 bp	3.7 bp −$4	4.4 bp −$44	doesn't fit	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
Deribit AMZN_USDC-PERPETUALshort	−0.0173%	1h	259.71	−0.093%	$29K	$172K	10x
Aster AMZNUSDT	0.0000%	8h	259.94	−0.006%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.97	+0.007%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.77	−0.070%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.03	+0.030%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.98	+0.008%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	+0.007%	$10K	$1.8M	10x	as long as short
edgeX AMZNUSDC	+0.0002%	4h	259.94	−0.005%	$28K	$249K	10x	as long as short
Binance AMZNUSDT	+0.0021%	8h	259.98	+0.012%	$16.0M	$29.4M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.91	−0.017%	$498K	$3.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMZN	+0.0032%	1h	259.97	+0.007%	$739K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.85	−0.040%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.89	−0.024%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.86	−0.036%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.81	−0.055%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.91	−0.017%	$687	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.76	−0.074%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.91	−0.017%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.028%	$916K	$2.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0080%	1h	259.85	−0.040%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0083%	8h	260.00	+0.018%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.72	−0.090%	$1.5M	$395K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.81	−0.055%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.96	+0.003%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.89	−0.026%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0117%	1h	259.86	−0.035%	$414K	$114K	20x	as long as short
Lighter AMZNlong	+0.0152%	1h	259.95	long leg	$749K	$1.3M	20x
Bybit AMZNUSDT	+0.0184%	8h	260.09	+0.053%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.68	−0.105%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.014%	$5K	$78K	20x	as long as short