Funding you earn now, next payment 23:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.040%
Price spread now: Gate against Phoenix−0.054%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.054%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.057% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AMZN | 259.05 | 0.0309 | pay 0.0039% / 1h | 46m 56s | $5K | $98K | 20x |
| Short | Gate AMZN_USDT | 258.91 | 0 | get 0.0000% / 8h | 46m 56s | $764K | $2.6M | 100x |
Phoenix AMZN
Gate AMZN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$64.85
- Price spread: −0.054% → +0.003%
- −$5.75
- Slippage, 4 orders
- −$19.41
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$112
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 23 min ago; Gate: live order book, 1 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, 23 min ago | 2.70 bp | 8.4 bp −$8 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.93 bp | 13.3 bp −$13 | 29.7 bp −$297 | 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 | 258.92 | −0.050% | $202K | $211K | 20x | as long as short |
| Gate AMZN_USDTshort | 0.0000% | 8h | 258.91 | −0.054% | $764K | $2.6M | 100x | |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 258.83 | −0.085% | $27K | $198K | 10x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.12 | +0.027% | $715K | $1.6M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 258.85 | −0.077% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 258.94 | −0.042% | $304K | $315K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 258.99 | −0.023% | $633 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 258.84 | −0.081% | $1.3M | $1.3M | 10x | as long as short |
| QFEX AMZN-USD | +0.0053% | 1h | 259.03 | −0.008% | $1.4M | $4.5M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0064% | 1h | 258.90 | −0.058% | $940K | $2.7M | 10x | as long as short |
Aster AMZNUSDT
Deribit AMZN_USDC-PERPETUAL
Lighter RH AMZN
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USD
Coinbase International AMZN-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AMZNUSDTM | +0.0100% | 8h | 258.81 | −0.093% | $1.5M | $633K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 258.79 | −0.100% | $92K | $134K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.05 | 0.000% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.05 | −0.001% | $14K | $510 | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0125% | 8h | 259.17 | +0.046% | $2.9M | $4.4M | 20x | as long as short |
| Hotstuff AMZN-PERP | +0.0128% | 1h | 259.01 | −0.015% | $33K | — | 20x | as long as short |
| GRVT AMZN_USDT_Perp | +0.0133% | 8h | 259.07 | +0.008% | $17K | $1.8M | 10x | as long as short |
| Variational Omni AMZN | +0.0204% | 8h | 259.12 | +0.027% | $1.8M | $1.4M | — | as long as short |
| tradeXYZ xyz:AMZN | +0.0208% | 1h | 258.99 | −0.023% | $28.4M | $11.0M | 20x | as long as short |
| edgeX AMZNUSDC | +0.0210% | 4h | 259.08 | +0.011% | $28K | $248K | 10x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.30 | +0.097% | $75K | $27K | 30x | as long as short |
| Extended AMZN_24_5-USD | +0.0224% | 1h | 259.07 | +0.009% | $490K | $2.5M | 10x | as long as short |
| Binance AMZNUSDT | +0.0224% | 8h | 259.10 | +0.018% | $16.1M | $31.3M | 20x | as long as short |
| Nado AMZN-PERP | +0.0257% | 1h | 258.86 | −0.074% | $414K | $123K | 20x | as long as short |
| Arcus AMZN-USD | +0.0274% | 1h | 258.88 | −0.066% | $196K | $233K | 10x | as long as short |
| Bitget AMZNUSDT | +0.0280% | 8h | 259.01 | −0.015% | $4.8M | $4.0M | 100x | as long as short |
| Phoenix AMZNlong | +0.0309% | 1h | 259.05 | long leg | $5K | $98K | 20x | |
| Bybit AMZNUSDT | +0.0336% | 8h | 259.01 | −0.015% | $3.7M | $3.3M | 100x | as long as short |
| BloFin AMZN-USDT | +0.0344% | 8h | 259.12 | +0.027% | $177K | $187K | 20x | as long as short |
| Lighter AMZN | +0.0368% | 1h | 259.14 | +0.036% | $834K | $1.1M | 20x | as long as short |
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
OKX AMZN-USDT-SWAP
Hotstuff AMZN-PERP
GRVT AMZN_USDT_Perp
Variational Omni AMZN
tradeXYZ xyz:AMZN
edgeX AMZNUSDC
Injective AMZN/USDC PERP
Extended AMZN_24_5-USD
Binance AMZNUSDT
Nado AMZN-PERP
Arcus AMZN-USD
Bitget AMZNUSDT
Bybit AMZNUSDT
BloFin AMZN-USDT
Lighter AMZN