Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.069%

Price spread now: Bybit against Lighter RH+0.077%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 7 days−0.130%−$13 · spread now +0.077%, 7d avg +0.054%

Together, before fees−0.040%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.023% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.054%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AMZN	259.84	0.0032	pay 0.0004% / 1h	27m 51s	$718K	$1.6M	10x
Short	Bybit AMZNUSDT	260.04	0.0463	get 0.0463% / 8h	7h 27m	$4.1M	$3.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: $90.47
Price spread: +0.077% → +0.054%: $2.32
Slippage, 4 orders: −$17.73
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $64.07
Costs to cover: 0.287%
Break-even: 2.0 days

Slippage from Lighter RH: live order book, 5 min ago; Bybit: live order book, 5 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	1.92 bp	2.2 bp −$2	6.2 bp −$62	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.50 bp	11.9 bp −$12	12.6 bp −$126	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	259.95	+0.041%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.87	+0.012%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.70	−0.054%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.94	+0.038%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.06	+0.084%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.64	−0.077%	$29K	$173K	10x	as long as short
Variational Omni AMZN	+0.0005%	8h	260.03	+0.073%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.79	−0.018%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0027%	8h	259.86	+0.006%	$16.2M	$30.0M	20x	as long as short
Lighter RH AMZNlong	+0.0032%	1h	259.84	long leg	$718K	$1.6M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.67	−0.065%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.76	−0.031%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.70	−0.054%	$29.9M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.64	−0.077%	$321K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.80	−0.015%	$699	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.68	−0.062%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.82	−0.008%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.74	−0.038%	$916K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.78	−0.023%	$1.5M	$418K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.86	+0.008%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	+0.004%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.78	−0.022%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0115%	8h	259.95	+0.042%	$179K	$304K	20x	as long as short
Nado AMZN-PERP	+0.0145%	1h	259.70	−0.053%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0168%	1h	259.84	+0.001%	$740K	$1.3M	20x	as long as short
Hotstuff AMZN-PERP	+0.0208%	1h	259.79	−0.019%	$33K	—	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.100%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	260.02	+0.069%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0373%	4h	260.01	+0.064%	$28K	$250K	10x	as long as short
Bybit AMZNUSDTshort	+0.0463%	8h	260.04	+0.077%	$4.1M	$3.4M	100x