Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h −0.009%
Price spread now: Phoenix against Lighter+0.129%74s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.052%+$5 on $10k
+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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.129% dearer against Lighter than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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 | 259.69 | 0.0168 | pay 0.0021% / 1h | 24m 04s | $738K | $1.3M | 20x |
| Short | Phoenix AMZN | 260.02 | 0.0246 | get 0.0031% / 1h | 24m 04s | $5K | $78K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $16.45
- Price spread: +0.129% → 0.000%
- $12.9
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $22.35
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 2 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 Lighter live order book, 2 min ago | 0.31 bp | 0.3 bp $0 | 2.3 bp −$23 | 90.0 bp −$9,004 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AMZNUSDT | 0.0000% | 8h | 259.81 | +0.050% | $204K | $209K | 20x | as long as short |
| OKX AMZN-USDT-SWAP | 0.0000% | 8h | 259.80 | +0.044% | $2.8M | $4.8M | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.54 | −0.056% | $770K | $2.6M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.80 | +0.044% | $4.9M | $4.1M | 100x | as long as short |
| Variational Omni AMZN | 0.0000% | 8h | 259.73 | +0.015% | $1.8M | $1.1M | — | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 259.87 | +0.071% | $10K | $1.8M | 10x | as long as short |
| Binance AMZNUSDT | +0.0021% | 8h | 259.75 | +0.025% | $16.2M | $29.8M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0024% | 1h | 259.69 | +0.002% | $501K | $3.0M | 10x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.68 | −0.002% | $718K | $1.6M | 10x | as long as short |
| Arcus AMZN-USD | +0.0040% | 1h | 259.54 | −0.056% | $197K | $233K | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.53 | −0.060% | — | $104K | 25x | as long as short |
| tradeXYZ xyz:AMZN | +0.0050% | 1h | 259.55 | −0.052% | $29.8M | $11.4M | 20x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.47 | −0.083% | $321K | $282K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.66 | −0.010% | $696 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.39 | −0.114% | $1.3M | $1.1M | 10x | as long as short |
| QFEX AMZN-USD | +0.0052% | 1h | 259.62 | −0.025% | $1.4M | $3.5M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0088% | 1h | 259.63 | −0.021% | $917K | $2.3M | 10x | as long as short |
| BloFin AMZN-USDT | +0.0094% | 8h | 259.81 | +0.048% | $179K | $304K | 20x | as long as short |
| Hotstuff AMZN-PERP | +0.0096% | 1h | 259.53 | −0.060% | $33K | — | 20x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.61 | −0.029% | $1.5M | $421K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.70 | +0.006% | $93K | $130K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.71 | +0.010% | $1K | $331 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.67 | −0.007% | $14K | $510 | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | +0.0135% | 1h | 259.62 | −0.025% | $29K | $155K | 10x | as long as short |
| Nado AMZN-PERP | +0.0146% | 1h | 259.52 | −0.065% | $414K | $114K | 20x | as long as short |
| Lighter AMZNlong | +0.0168% | 1h | 259.69 | long leg | $738K | $1.3M | 20x | |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 260.10 | +0.160% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNshort | +0.0246% | 1h | 260.02 | +0.129% | $5K | $78K | 20x | |
| edgeX AMZNUSDC | +0.0373% | 4h | 259.80 | +0.044% | $28K | $248K | 10x | as long as short |
| Bybit AMZNUSDT | +0.0458% | 8h | 259.89 | +0.079% | $4.3M | $3.5M | 100x | as long as short |
Lighter AMZN
Phoenix AMZN
Aster AMZNUSDT
OKX AMZN-USDT-SWAP
Gate AMZN_USDT
Bitget AMZNUSDT
Variational Omni AMZN
GRVT AMZN_USDT_Perp
Binance AMZNUSDT
Extended AMZN_24_5-USD
Lighter RH AMZN
tradeXYZ xyz:AMZN
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Coinbase International AMZN-PERP-INTX
BloFin AMZN-USDT
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Deribit AMZN_USDC-PERPETUAL
Injective AMZN/USDC PERP
edgeX AMZNUSDC
Bybit AMZNUSDT