Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0259%/8h= +28.3% APRpaid last 24h +0.213%

Price spread now: edgeX against Ondo Perps+0.114%54s7-day average +0.083% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.114%, 7d avg +0.083%

Together, before fees−0.244%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.031% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.083%. Mind the row above: over the last 7 days funding on this pair cost −0.214%, so the current rate has only just turned in your favour. The two prices were read 54 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	Ondo Perps AMZN-USD.P	259.68	0.0050	pay 0.0006% / 1h	35m 49s	$1.3M	$1.1M	10x
Short	edgeX AMZNUSDC	259.98	0.0309	get 0.0154% / 4h	35m 49s	$28K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $54.3
Price spread: +0.114% → +0.083%: $3.11
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $43.41
Costs to cover: 0.140%
Break-even: 1.4 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 1 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 1 min ago	5.39 bp	10.4 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	260.02	+0.132%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.01	+0.127%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.86	+0.069%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.06	+0.146%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.06	+0.144%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.82	+0.054%	$29K	$172K	10x	as long as short
Variational Omni AMZN	+0.0001%	8h	260.05	+0.141%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0030%	8h	260.06	+0.146%	$16.0M	$29.5M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.04	+0.139%	$734K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	259.99	+0.119%	$500K	$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
Arcus AMZN-USD	+0.0040%	1h	259.87	+0.073%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.84	+0.062%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.85	+0.065%	$321K	$292K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.94	+0.100%	$681	$5K	10x	as long as short
Ondo Perps AMZN-USD.Plong	+0.0050%	1h	259.68	long leg	$1.3M	$1.1M	10x
QFEX AMZN-USD	+0.0050%	1h	259.91	+0.089%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.54	−0.054%	$915K	$2.3M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0095%	1h	259.88	+0.077%	$30.0M	$11.2M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.81	+0.050%	$1.5M	$407K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.76	+0.031%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.99	+0.119%	$1K	$320	10x	as long as short
Hotstuff AMZN-PERP	+0.0104%	1h	259.82	+0.054%	$33K	—	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.94	+0.099%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0114%	8h	260.02	+0.131%	$177K	$300K	20x	as long as short
Nado AMZN-PERP	+0.0175%	1h	259.83	+0.056%	$415K	$113K	20x	as long as short
Bybit AMZNUSDT	+0.0187%	8h	260.13	+0.173%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.22	+0.208%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0232%	1h	260.02	+0.131%	$750K	$1.3M	20x	as long as short
Phoenix AMZN	+0.0277%	1h	259.93	+0.096%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0309%	4h	259.98	+0.114%	$28K	$249K	10x