Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h −0.005%

Price spread now: Coinbase International against OKX−0.054%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.054%, 7d avg −0.111%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMZN-USDT-SWAP	259.89	0	get 0.0000% / 8h	7h 43m	$2.8M	$4.8M	20x
Short	Coinbase International AMZN-PERP-INTX	259.75	0.0088	get 0.0011% / 1h	43m 19s	$917K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.054%Rate

Funding earned: $18.48
Price spread: −0.054% → −0.111%: $5.73
Slippage, 4 orders: −$13.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.37
Costs to cover: 0.336%
Break-even: 10.5 days

Slippage from OKX: live order book, 4 min ago; Coinbase International: 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 OKX live order book, 4 min ago	0.19 bp	7.2 bp −$7	17.3 bp −$173	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.19 bp	8.2 bp −$8	11.4 bp −$114	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	+0.022%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAPlong	0.0000%	8h	259.89	long leg	$2.8M	$4.8M	20x
Hotstuff AMZN-PERP	0.0000%	1h	259.85	−0.015%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.74	−0.058%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.87	−0.008%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.02	+0.050%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.67	−0.085%	$29K	$173K	10x	as long as short
Variational Omni AMZN	+0.0010%	8h	260.01	+0.048%	$1.8M	$1.1M	—	as long as short
Lighter RH AMZN	+0.0032%	1h	259.82	−0.027%	$714K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	259.77	−0.048%	$501K	$3.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AMZNUSDT	+0.0034%	8h	259.82	−0.027%	$16.1M	$29.7M	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.75	−0.054%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	−0.054%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.72	−0.065%	$29.9M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.71	−0.069%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.77	−0.046%	$690	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.77	−0.046%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.78	−0.042%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0088%	1h	259.75	−0.054%	$917K	$2.3M	10x
KuCoin AMZNUSDTM	+0.0100%	8h	259.77	−0.046%	$1.5M	$404K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.82	−0.027%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	−0.015%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.79	−0.040%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0138%	8h	259.81	−0.031%	$178K	$303K	20x	as long as short
Nado AMZN-PERP	+0.0138%	1h	259.78	−0.041%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0160%	1h	259.79	−0.038%	$743K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.35	+0.177%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.98	+0.035%	$5K	$78K	20x	as long as short
Bybit AMZNUSDT	+0.0435%	8h	260.02	+0.050%	$4.1M	$3.3M	100x	as long as short
edgeX AMZNUSDC	+0.0785%	4h	259.96	+0.028%	$28K	$250K	10x	as long as short