Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0269%/8h= −29.5% APRpaid last 24h +0.040%

Price spread now: edgeX against Phoenix−0.022%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.022%, 7d avg +0.038%

Together, before fees−0.290%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and edgeX is 0.061% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMZN	259.03	0.0309	pay 0.0039% / 1h	59m 13s	$5K	$118K	20x
Short	edgeX AMZNUSDC	258.97	0.0040	get 0.0020% / 4h	1h 59m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$56.52
Price spread: −0.022% → +0.038%: −$6.08
Slippage, 4 orders: −$21.44
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$100.04
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Phoenix: live order book, 16 min ago; edgeX: live order book, 23 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, 16 min ago	2.70 bp	8.6 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	5.41 bp	10.2 bp −$10	14.6 bp −$146	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	258.88	−0.057%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.76	−0.104%	$758K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.72	−0.120%	$27K	$275K	10x	as long as short
edgeX AMZNUSDCshort	+0.0040%	4h	258.97	−0.022%	$28K	$248K	10x
Vest AMZN-USD-PERP	+0.0046%	1h	258.74	−0.112%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.80	−0.089%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.87	−0.062%	$637	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.69	−0.131%	$1.3M	$1.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0056%	1h	258.86	−0.066%	$941K	$2.7M	10x	as long as short
QFEX AMZN-USD	+0.0068%	1h	258.94	−0.035%	$1.4M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff AMZN-PERP	+0.0088%	1h	258.84	−0.073%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0088%	1h	258.93	−0.039%	$715K	$1.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.75	−0.108%	$1.5M	$653K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.71	−0.124%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.97	−0.023%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.93	−0.040%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0122%	8h	258.96	−0.027%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0128%	8h	258.99	−0.016%	$12K	$1.7M	10x	as long as short
Variational Omni AMZN	+0.0171%	8h	258.98	−0.019%	$1.8M	$1.6M	—	as long as short
Binance AMZNUSDT	+0.0191%	8h	258.96	−0.027%	$16.1M	$31.7M	20x	as long as short
Extended AMZN_24_5-USD	+0.0192%	1h	258.92	−0.041%	$490K	$2.5M	10x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.65	−0.147%	$74K	$27K	30x	as long as short
tradeXYZ xyz:AMZN	+0.0270%	1h	258.84	−0.073%	$28.2M	$11.3M	20x	as long as short
Bitget AMZNUSDT	+0.0277%	8h	258.98	−0.019%	$4.8M	$4.1M	100x	as long as short
Arcus AMZN-USD	+0.0284%	1h	258.73	−0.116%	$196K	$239K	10x	as long as short
Bybit AMZNUSDT	+0.0309%	8h	259.05	+0.008%	$3.7M	$3.2M	100x	as long as short
Phoenix AMZNlong	+0.0309%	1h	259.03	long leg	$5K	$118K	20x
BloFin AMZN-USDT	+0.0311%	8h	258.96	−0.027%	$179K	$189K	20x	as long as short
Nado AMZN-PERP	+0.0319%	1h	258.66	−0.144%	$414K	$123K	20x	as long as short
Lighter AMZN	+0.0352%	1h	258.96	−0.029%	$832K	$1.1M	20x	as long as short