Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.044%

Price spread now: Orderly against Lighter−0.028%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.028% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMZN	259.80	0.0120	pay 0.0015% / 1h	47m 29s	$750K	$1.3M	20x
Short	Orderly PERP_AMZN_USDC_mythos	259.73	0.0100	get 0.0100% / 8h	1h 47m	$1K	$320	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.028%Rate

Funding earned: −$4.2
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.97
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 min ago; 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 Lighter live order book, 4 min ago	0.75 bp	1.0 bp −$1	2.3 bp −$23	70.8 bp −$7,082	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Deribit AMZN_USDC-PERPETUAL	−0.0097%	1h	259.55	−0.097%	$28K	$176K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.77	−0.011%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.77	−0.012%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.63	−0.066%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.79	−0.005%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.82	+0.009%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.85	+0.018%	$10K	$1.8M	10x	as long as short
Binance AMZNUSDT	+0.0012%	8h	259.82	+0.007%	$15.9M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	259.74	−0.024%	$498K	$3.1M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.73	−0.028%	$911K	$2.3M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AMZNUSDC	+0.0027%	4h	259.73	−0.027%	$28K	$249K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.82	+0.007%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.69	−0.043%	$197K	$240K	10x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.73	−0.028%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.72	−0.032%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.69	−0.043%	$30.0M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.63	−0.066%	$318K	$288K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.74	−0.024%	$686	$5K	10x	as long as short
BloFin AMZN-USDT	+0.0050%	8h	259.74	−0.024%	$177K	$206K	20x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.50	−0.116%	$1.3M	$1.2M	10x	as long as short
Bybit AMZNUSDT	+0.0098%	8h	259.78	−0.008%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.73	−0.028%	$1.5M	$457K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.61	−0.074%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythosshort	+0.0100%	8h	259.73	−0.028%	$1K	$320	10x
Aevo AMZN-PERP	+0.0104%	1h	259.72	−0.030%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0112%	1h	259.70	−0.039%	$33K	—	20x	as long as short
Lighter AMZNlong	+0.0120%	1h	259.80	long leg	$750K	$1.3M	20x
Nado AMZN-PERP	+0.0144%	1h	259.66	−0.055%	$414K	$113K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.71	−0.035%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0308%	1h	259.85	+0.018%	$5K	$78K	20x	as long as short