Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0309%/8h= −33.9% APRpaid last 24h −0.037%

Price spread now: Aster against Phoenix−0.007%65s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

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

costs, in and out, $10k−$1031.034% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.007%, 7d avg +0.049%

Together, before fees−0.182%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.056% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 65 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	258.91	0.0309	pay 0.0039% / 1h	22m 23s	$5K	$118K	20x
Short	Aster AMZNUSDT	258.89	0	get 0.0000% / 8h	2h 22m	$202K	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$64.93
Price spread: −0.007% → +0.049%: −$5.63
Slippage, 4 orders: −$88.45
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$174.01
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from Phoenix: live order book, 59 min ago; Aster: live order book, 64 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 Phoenix live order book, 59 min ago	2.71 bp	8.4 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	3.86 bp	42.6 bp −$43	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
Injective AMZN/USDC PERP	−0.0077%	1h	258.61	−0.116%	$74K	$27K	30x	as long as short
Aster AMZNUSDTshort	0.0000%	8h	258.89	−0.007%	$202K	$211K	20x
Gate AMZN_USDT	0.0000%	8h	258.76	−0.058%	$757K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.85	−0.023%	$27K	$275K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	258.86	−0.019%	$941K	$2.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.85	−0.023%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.82	−0.035%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.94	+0.012%	$620	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.59	−0.124%	$1.3M	$1.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0064%	1h	258.91	0.000%	$33K	—	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0068%	1h	258.95	+0.015%	$1.4M	$4.4M	10x	as long as short
Lighter RH AMZN	+0.0088%	1h	259.09	+0.070%	$712K	$1.7M	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0094%	8h	258.98	+0.028%	$12K	$1.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.78	−0.050%	$1.5M	$650K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.72	−0.073%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.98	+0.027%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.95	+0.014%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0115%	8h	258.95	+0.015%	$2.9M	$4.4M	20x	as long as short
Variational Omni AMZN	+0.0145%	8h	258.96	+0.021%	$1.6M	$1.4M	—	as long as short
Binance AMZNUSDT	+0.0168%	8h	259.01	+0.039%	$16.0M	$31.5M	20x	as long as short
Extended AMZN_24_5-USD	+0.0168%	1h	258.97	+0.024%	$490K	$2.5M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0170%	1h	258.92	+0.004%	$28.1M	$11.3M	20x	as long as short
Nado AMZN-PERP	+0.0237%	1h	258.78	−0.052%	$414K	$123K	20x	as long as short
Bitget AMZNUSDT	+0.0264%	8h	258.97	+0.023%	$4.8M	$4.0M	100x	as long as short
BloFin AMZN-USDT	+0.0287%	8h	258.93	+0.008%	$179K	$189K	20x	as long as short
Bybit AMZNUSDT	+0.0291%	8h	258.98	+0.027%	$3.7M	$3.2M	100x	as long as short
Arcus AMZN-USD	+0.0302%	1h	258.83	−0.031%	$196K	$239K	10x	as long as short
Phoenix AMZNlong	+0.0309%	1h	258.91	long leg	$5K	$118K	20x
Lighter AMZN	+0.0368%	1h	259.09	+0.068%	$833K	$1.2M	20x	as long as short
edgeX AMZNUSDC	+0.0393%	4h	258.97	+0.023%	$28K	$247K	10x	as long as short