AMZN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0289%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h −0.017%

Price spread now: Deribit against Phoenix+0.015%7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.015%, 7d avg −0.001%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.053% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMZN	259.16	0.0309	pay 0.0039% / 1h	22m 40s	$5K	$98K	20x
Short	Deribit AMZN_USDC-PERPETUAL	259.20	0.0020	get 0.0003% / 1h	22m 40s	$27K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$60.62
Price spread: +0.015% → −0.001%: $1.68
Slippage, 4 orders: −$16.62
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$89.56
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Phoenix: live order book, 47 min ago; Deribit: live order book, 56 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, 47 min ago	2.70 bp	8.4 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Deribit live order book, 56 min ago	0.19 bp	10.2 bp −$10	13.2 bp −$132	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	259.13	−0.012%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.15	−0.004%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUALshort	+0.0020%	1h	259.20	+0.015%	$27K	$177K	10x
Lighter RH AMZN	+0.0032%	1h	259.37	+0.081%	$723K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.10	−0.023%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.21	+0.019%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.28	+0.046%	$626	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.93	−0.089%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.33	+0.066%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.00	−0.062%	$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
KuCoin AMZNUSDTM	+0.0100%	8h	259.12	−0.015%	$1.5M	$619K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.12	−0.015%	$92K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.32	+0.062%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.28	+0.046%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0135%	8h	259.40	+0.093%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0154%	8h	259.15	−0.004%	$7K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0200%	1h	259.23	+0.027%	$28.5M	$10.9M	20x	as long as short
Hotstuff AMZN-PERP	+0.0208%	1h	259.26	+0.039%	$33K	—	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.07	−0.035%	$75K	$27K	30x	as long as short
Variational Omni AMZN	+0.0236%	8h	259.19	+0.010%	$1.8M	$1.4M	—	as long as short
Nado AMZN-PERP	+0.0241%	1h	259.22	+0.022%	$415K	$122K	20x	as long as short
Extended AMZN_24_5-USD	+0.0248%	1h	259.30	+0.052%	$497K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0253%	8h	259.36	+0.079%	$16.1M	$31.0M	20x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.21	+0.019%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0291%	8h	259.34	+0.069%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZNlong	+0.0309%	1h	259.16	long leg	$5K	$98K	20x
Bybit AMZNUSDT	+0.0349%	8h	259.30	+0.054%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0368%	1h	259.35	+0.073%	$834K	$1.1M	20x	as long as short
BloFin AMZN-USDT	+0.0371%	8h	259.37	+0.081%	$178K	$216K	20x	as long as short
edgeX AMZNUSDC	+0.0549%	4h	259.26	+0.038%	$28K	$247K	10x	as long as short