Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.029%

Price spread now: KuCoin against Phoenix−0.085%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

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 KuCoin is 0.085% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% a year). A funding rate is set anew for every payment. 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	259.92	0.0308	pay 0.0038% / 1h	16m 12s	$5K	$78K	20x
Short	KuCoin AMZNUSDTM	259.70	0.0100	get 0.0100% / 8h	1h 16m	$1.5M	$435K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$43.61
Price spread: −0.085% → 0.000%: −$8.46
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	9.63 bp	88.9 bp −$89	doesn't fit	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	259.73	−0.073%	$202K	$207K	20x	as long as short
Extended AMZN_24_5-USD	0.0000%	1h	259.76	−0.060%	$500K	$3.0M	10x	as long as short
Binance AMZNUSDT	0.0000%	8h	259.83	−0.033%	$15.9M	$29.9M	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.87	−0.019%	$2.8M	$4.8M	20x	as long as short
Hotstuff AMZN-PERP	0.0000%	1h	259.76	−0.062%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.64	−0.108%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.91	−0.004%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.94	+0.006%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.96	+0.015%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.65	−0.104%	$29K	$176K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.67	−0.096%	$911K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.86	−0.023%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.72	−0.077%	$197K	$240K	10x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.78	−0.054%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.70	−0.085%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.68	−0.092%	$322K	$294K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.77	−0.058%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.49	−0.165%	$1.3M	$1.2M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0068%	1h	259.77	−0.058%	$30.0M	$11.3M	20x	as long as short
Bybit AMZNUSDT	+0.0098%	8h	259.98	+0.023%	$3.9M	$3.3M	100x	as long as short
KuCoin AMZNUSDTMshort	+0.0100%	8h	259.70	−0.085%	$1.5M	$435K	20x
ApeX Omni AMZNUSDT	+0.0100%	1h	259.68	−0.092%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.80	−0.046%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.76	−0.061%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0120%	1h	259.82	−0.037%	$750K	$1.3M	20x	as long as short
BloFin AMZN-USDT	+0.0120%	8h	259.79	−0.050%	$177K	$280K	20x	as long as short
Nado AMZN-PERP	+0.0121%	1h	259.67	−0.094%	$414K	$113K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.61	−0.119%	$75K	$27K	30x	as long as short
Phoenix AMZNlong	+0.0308%	1h	259.92	long leg	$5K	$78K	20x
edgeX AMZNUSDC	+0.0550%	4h	259.89	−0.010%	$28K	$250K	10x	as long as short