Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter RH−0.022%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.022%, 7d avg +0.015%

Together, before fees−0.009%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.037% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AMZN	259.90	0.0032	pay 0.0004% / 1h	28m 12s	$726K	$1.6M	10x
Short	Aster AMZNUSDT	259.84	0	get 0.0000% / 8h	2h 28m	$203K	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$6.72
Price spread: −0.022% → +0.015%: −$3.7
Slippage, 4 orders: −$86.44
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$104.85
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Aster: live order book, 18 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 RH live order book, 5 min ago	1.73 bp	2.3 bp −$2	8.0 bp −$80	doesn't fit	doesn't fit
Sell Aster live order book, 18 min ago	3.27 bp	42.6 bp −$43	doesn't fit	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-PERPETUAL	−0.0058%	1h	259.70	−0.077%	$28K	$175K	10x	as long as short
Aster AMZNUSDTshort	0.0000%	8h	259.84	−0.022%	$203K	$211K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	259.84	−0.023%	$2.8M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.67	−0.088%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.87	−0.012%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.88	−0.006%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	−0.015%	$10K	$1.8M	10x	as long as short
QFEX AMZN-USD	+0.0020%	1h	259.78	−0.046%	$1.4M	$3.7M	10x	as long as short
Binance AMZNUSDT	+0.0022%	8h	259.86	−0.015%	$15.9M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.79	−0.043%	$499K	$3.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.50	−0.154%	$917K	$2.3M	10x	as long as short
Lighter RH AMZNlong	+0.0032%	1h	259.90	long leg	$726K	$1.6M	10x
Arcus AMZN-USD	+0.0040%	1h	259.72	−0.069%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	−0.058%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	−0.069%	$321K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.82	−0.031%	$686	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.58	−0.123%	$1.3M	$1.1M	10x	as long as short
Nado AMZN-PERP	+0.0090%	1h	259.77	−0.051%	$414K	$113K	20x	as long as short
BloFin AMZN-USDT	+0.0093%	8h	259.85	−0.019%	$177K	$205K	20x	as long as short
Hotstuff AMZN-PERP	+0.0096%	1h	259.73	−0.065%	$33K	—	20x	as long as short
Bybit AMZNUSDT	+0.0099%	8h	259.96	+0.023%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.67	−0.088%	$1.5M	$471K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.70	−0.077%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	−0.019%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.78	−0.047%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.88	−0.008%	$748K	$1.3M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0153%	1h	259.81	−0.035%	$30.0M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.03	+0.050%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.89	−0.004%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0708%	4h	259.83	−0.027%	$28K	$249K	10x	as long as short