Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.033%

Price spread now: Aster against Nado+0.006%48s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1091.092% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.006%, 7d avg +0.027%

Together, before fees+0.033%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.021% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 48 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	Nado AMZN-PERP	259.91	0.0128	pay 0.0016% / 1h	21m 34s	$414K	$114K	20x
Short	Aster AMZNUSDT	259.93	0	get 0.0000% / 8h	21m 34s	$202K	$207K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$26.84
Price spread: +0.006% → +0.027%: −$2.11
Slippage, 4 orders: −$94.19
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$138.14
Costs to cover: 1.092%
Break-even: never at this rate

Slippage from Nado: live order book, 16 min ago; Aster: live order book, 15 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 Nado live order book, 16 min ago	0.96 bp	12.4 bp −$12	87.1 bp −$871	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	2.12 bp	36.1 bp −$36	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	−0.0096%	1h	259.76	−0.058%	$29K	$172K	10x	as long as short
Aster AMZNUSDTshort	0.0000%	8h	259.93	+0.006%	$202K	$207K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	259.95	+0.015%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.77	−0.054%	$764K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.01	+0.038%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.94	+0.009%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.96	+0.019%	$10K	$1.8M	10x	as long as short
Binance AMZNUSDT	+0.0023%	8h	259.97	+0.023%	$16.0M	$29.4M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.91	−0.001%	$498K	$3.0M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.94	+0.011%	$739K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.84	−0.027%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.88	−0.012%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.85	−0.024%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.83	−0.031%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.94	+0.011%	$680	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.64	−0.104%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.91	−0.001%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.54	−0.143%	$915K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0095%	8h	259.96	+0.019%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.72	−0.074%	$1.5M	$398K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.81	−0.039%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.94	+0.011%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.89	−0.009%	$14K	$510	10x	as long as short
Nado AMZN-PERPlong	+0.0128%	1h	259.91	long leg	$414K	$114K	20x
Hotstuff AMZN-PERP	+0.0144%	1h	259.84	−0.027%	$33K	—	20x	as long as short
Lighter AMZN	+0.0168%	1h	259.95	+0.014%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0186%	8h	260.06	+0.057%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.68	−0.089%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.89	−0.008%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0583%	4h	259.90	−0.006%	$28K	$248K	10x	as long as short