Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.018%

Price spread now: QFEX against OKX−0.008%7-day average −0.053% · you buy dearer than you sell

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

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

costs, in and out, $10k−$330.327% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.008%, 7d avg −0.053%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.046% dearer against OKX than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.053%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 3 days (−0.015% in total) that is about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMZN-USDT-SWAP	258.85	0.0116	pay 0.0116% / 8h	1h 48m	$2.9M	$4.4M	20x
Short	QFEX AMZN-USD	258.83	0.0066	get 0.0008% / 1h	48m 26s	$1.4M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$10.41
Price spread: −0.008% → −0.053%: $4.57
Slippage, 4 orders: −$12.71
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.55
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; QFEX: 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	12.0 bp −$12	21.6 bp −$216	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.16 bp	6.2 bp −$6	6.4 bp −$64	13.8 bp −$1,378	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	258.81	−0.017%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.70	−0.058%	$762K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.75	−0.039%	$27K	$264K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.92	+0.027%	$715K	$1.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.72	−0.050%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	258.79	−0.023%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.74	−0.042%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.83	−0.008%	$625	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.57	−0.108%	$1.3M	$1.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0056%	1h	258.74	−0.042%	$940K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USDshort	+0.0066%	1h	258.83	−0.008%	$1.4M	$4.4M	10x
KuCoin AMZNUSDTM	+0.0100%	8h	258.68	−0.066%	$1.5M	$653K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.68	−0.066%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.83	−0.008%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.80	−0.019%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0106%	1h	258.76	−0.035%	$28.1M	$11.2M	20x	as long as short
OKX AMZN-USDT-SWAPlong	+0.0116%	8h	258.85	long leg	$2.9M	$4.4M	20x
GRVT AMZN_USDT_Perp	+0.0126%	8h	258.86	+0.004%	$9K	$1.7M	10x	as long as short
Variational Omni AMZN	+0.0176%	8h	258.87	+0.006%	$1.8M	$1.6M	—	as long as short
Binance AMZNUSDT	+0.0191%	8h	258.85	0.000%	$16.1M	$31.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0192%	1h	258.81	−0.015%	$490K	$2.5M	10x	as long as short
Nado AMZN-PERP	+0.0202%	1h	258.70	−0.056%	$414K	$124K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.57	−0.108%	$74K	$27K	30x	as long as short
Lighter AMZN	+0.0248%	1h	258.95	+0.040%	$833K	$1.1M	20x	as long as short
Bitget AMZNUSDT	+0.0273%	8h	258.92	+0.027%	$4.8M	$4.1M	100x	as long as short
Arcus AMZN-USD	+0.0284%	1h	258.71	−0.054%	$196K	$239K	10x	as long as short
BloFin AMZN-USDT	+0.0311%	8h	258.83	−0.008%	$179K	$189K	20x	as long as short
Bybit AMZNUSDT	+0.0311%	8h	258.96	+0.042%	$3.7M	$3.3M	100x	as long as short
Phoenix AMZN	+0.0340%	1h	258.91	+0.023%	$5K	$118K	20x	as long as short
edgeX AMZNUSDC	+0.0539%	4h	258.84	−0.003%	$28K	$248K	10x	as long as short