Funding you earn now, next payment 05:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: Arcus against Phoenix−0.046%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Arcus is 0.046% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Phoenix AMZN | 259.94 | 0.0246 | pay 0.0031% / 1h | 55m 51s | $5K | $78K | 20x |
| Short | Arcus AMZN-USD | 259.82 | 0.0040 | get 0.0005% / 1h | 55m 51s | $197K | $240K | 10x |
Phoenix AMZN
Arcus AMZN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.25
- Price spread: −0.046% → 0.000%
- −$4.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$59.36
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Arcus: live order book, 52 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 52 min ago | 4.04 bp | 9.4 bp −$9 | 13.2 bp −$132 | doesn't fit | doesn't fit |
Phoenix: 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 | 259.80 | −0.053% | $203K | $211K | 20x | as long as short |
| OKX AMZN-USDT-SWAP | 0.0000% | 8h | 259.87 | −0.027% | $2.8M | $4.8M | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.67 | −0.104% | $764K | $2.7M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 260.01 | +0.027% | $4.9M | $4.0M | 100x | as long as short |
| Variational Omni AMZN | 0.0000% | 8h | 259.87 | −0.029% | $1.8M | $1.1M | — | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 260.03 | +0.035% | $10K | $1.8M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.67 | −0.104% | $29K | $176K | 10x | as long as short |
| Binance AMZNUSDT | +0.0016% | 8h | 259.86 | −0.031% | $15.9M | $29.9M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0016% | 1h | 259.79 | −0.056% | $498K | $3.1M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0024% | 1h | 259.73 | −0.081% | $911K | $2.3M | 10x | as long as short |
Aster AMZNUSDT
OKX AMZN-USDT-SWAP
Gate AMZN_USDT
Bitget AMZNUSDT
Variational Omni AMZN
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
Binance AMZNUSDT
Extended AMZN_24_5-USD
Coinbase International AMZN-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AMZN | +0.0032% | 1h | 259.87 | −0.027% | $725K | $1.6M | 10x | as long as short |
| Arcus AMZN-USDshort | +0.0040% | 1h | 259.82 | −0.046% | $197K | $240K | 10x | |
| QFEX AMZN-USD | +0.0045% | 1h | 259.80 | −0.054% | $1.4M | $3.6M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.76 | −0.069% | — | $104K | 25x | as long as short |
| Hotstuff AMZN-PERP | +0.0048% | 1h | 259.85 | −0.035% | $33K | — | 20x | as long as short |
| tradeXYZ xyz:AMZN | +0.0050% | 1h | 259.76 | −0.069% | $30.0M | $11.3M | 20x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.69 | −0.096% | $318K | $288K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.79 | −0.058% | $683 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.65 | −0.112% | $1.3M | $1.2M | 10x | as long as short |
| BloFin AMZN-USDT | +0.0064% | 8h | 259.91 | −0.012% | $177K | $206K | 20x | as long as short |
| Bybit AMZNUSDT | +0.0099% | 8h | 259.96 | +0.008% | $3.7M | $3.2M | 100x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.74 | −0.077% | $1.5M | $462K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.86 | −0.031% | $93K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.78 | −0.062% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.74 | −0.076% | $14K | $510 | 10x | as long as short |
| Lighter AMZN | +0.0120% | 1h | 259.86 | −0.031% | $746K | $1.3M | 20x | as long as short |
| Nado AMZN-PERP | +0.0201% | 1h | 259.70 | −0.092% | $414K | $113K | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.71 | −0.088% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNlong | +0.0246% | 1h | 259.94 | long leg | $5K | $78K | 20x | |
| edgeX AMZNUSDC | +0.0816% | 4h | 259.98 | +0.014% | $28K | $248K | 10x | as long as short |
Lighter RH AMZN
QFEX AMZN-USD
Vest AMZN-USD-PERP
Hotstuff AMZN-PERP
tradeXYZ xyz:AMZN
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
BloFin AMZN-USDT
Bybit AMZNUSDT
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
Lighter AMZN
Nado AMZN-PERP
Injective AMZN/USDC PERP
edgeX AMZNUSDC