Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.068%

Price spread now: BloFin against Lighter RH−0.004%91s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.253% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.004%, 7d avg +0.021%

Together, before fees+0.323%+ Points / potential airdropLighter RH: Points live · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.024% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.021%). If the spread goes back, that is −$2 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.237% in total) that is about 17 hours. The two prices were read 91 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 RH AMZN	259.89	0.0032	pay 0.0004% / 1h	53m 33s	$725K	$1.6M	10x
Short	BloFin AMZN-USDT	259.88	0.0061	get 0.0061% / 8h	1h 53m	$177K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $6.02
Price spread: −0.004% → +0.021%: −$2.45
Slippage, 4 orders: −$13.25
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.67
Costs to cover: 0.253%
Break-even: 32.2 days

Slippage from Lighter RH: live order book, 4 min ago; BloFin: live order book, 22 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, 4 min ago	2.31 bp	2.8 bp −$3	6.7 bp −$67	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	0.19 bp	6.7 bp −$7	8.9 bp −$89	26.0 bp −$2,598	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	259.83	−0.023%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.90	+0.004%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.70	−0.073%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.91	+0.008%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.87	−0.010%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.95	+0.023%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.65	−0.092%	$29K	$176K	10x	as long as short
Binance AMZNUSDT	+0.0015%	8h	259.88	−0.005%	$15.9M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	259.81	−0.032%	$498K	$3.1M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.73	−0.062%	$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
Lighter RH AMZNlong	+0.0032%	1h	259.89	long leg	$725K	$1.6M	10x
Hotstuff AMZN-PERP	+0.0040%	1h	259.78	−0.042%	$33K	—	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.76	−0.050%	$197K	$240K	10x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.80	−0.035%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.77	−0.046%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.76	−0.050%	$30.0M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.69	−0.077%	$318K	$288K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.80	−0.035%	$682	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.65	−0.092%	$1.3M	$1.2M	10x	as long as short
BloFin AMZN-USDTshort	+0.0061%	8h	259.88	−0.004%	$177K	$206K	20x
KuCoin AMZNUSDTM	+0.0100%	8h	259.76	−0.050%	$1.5M	$458K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.68	−0.081%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.84	−0.019%	$1K	$320	10x	as long as short
Bybit AMZNUSDT	+0.0100%	8h	260.00	+0.042%	$3.7M	$3.2M	100x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.80	−0.033%	$14K	$510	10x	as long as short
edgeX AMZNUSDC	+0.0106%	4h	259.84	−0.020%	$28K	$248K	10x	as long as short
Lighter AMZN	+0.0120%	1h	259.86	−0.011%	$748K	$1.3M	20x	as long as short
Nado AMZN-PERP	+0.0209%	1h	259.72	−0.066%	$414K	$113K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.71	−0.069%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.94	+0.019%	$5K	$78K	20x	as long as short