Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.057%

Price spread now: Variational Omni against Lighter−0.019%7-day average +0.028% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.019%, 7d avg +0.028%

Together, before fees+0.099%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.046% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMZN	258.90	0.0264	pay 0.0033% / 1h	13m 18s	$832K	$1.1M	20x
Short	Variational Omni AMZN	258.86	0.0196	get 0.0196% / 8h	1h 13m	$1.8M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.019%Rate

Funding earned: −$14.38
Price spread: −0.019% → +0.028%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.99
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; Variational Omni: RFQ quote, 1 min ago. 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	0.14 bp	0.3 bp $0	1.6 bp −$16	64.7 bp −$6,474	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.11 bp	doesn't fit	9.2 bp −$92	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
Aster AMZNUSDT	0.0000%	8h	258.92	+0.007%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.70	−0.078%	$763K	$2.7M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.87	−0.013%	$715K	$1.7M	10x	as long as short
Hotstuff AMZN-PERP	+0.0032%	1h	258.79	−0.044%	$33K	—	20x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.66	−0.094%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.74	−0.063%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.80	−0.040%	$627	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.50	−0.156%	$1.3M	$1.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0056%	1h	258.71	−0.075%	$940K	$2.7M	10x	as long as short
QFEX AMZN-USD	+0.0066%	1h	258.81	−0.036%	$1.4M	$4.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	258.62	−0.109%	$1.5M	$640K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.69	−0.082%	$92K	$134K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.85	−0.020%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.81	−0.035%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0114%	8h	258.89	−0.005%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0133%	8h	258.92	+0.005%	$10K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0136%	1h	258.78	−0.048%	$28.4M	$11.1M	20x	as long as short
Variational Omni AMZNshort	+0.0196%	8h	258.86	−0.019%	$1.8M	$1.4M	—
Extended AMZN_24_5-USD	+0.0208%	1h	258.83	−0.029%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0210%	8h	258.88	−0.009%	$16.1M	$31.4M	20x	as long as short
Nado AMZN-PERP	+0.0217%	1h	258.66	−0.095%	$414K	$123K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.61	−0.113%	$74K	$27K	30x	as long as short
Lighter AMZNlong	+0.0264%	1h	258.90	long leg	$832K	$1.1M	20x
Bitget AMZNUSDT	+0.0278%	8h	258.89	−0.005%	$4.8M	$4.0M	100x	as long as short
Arcus AMZN-USD	+0.0284%	1h	258.73	−0.067%	$196K	$233K	10x	as long as short
Bybit AMZNUSDT	+0.0326%	8h	258.95	+0.018%	$3.7M	$3.3M	100x	as long as short
BloFin AMZN-USDT	+0.0330%	8h	258.86	−0.017%	$179K	$188K	20x	as long as short
Phoenix AMZN	+0.0340%	1h	258.89	−0.005%	$5K	$118K	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0485%	1h	258.83	−0.028%	$27K	$226K	10x	as long as short
edgeX AMZNUSDC	+0.0524%	4h	258.90	0.000%	$28K	$248K	10x	as long as short