AMZN

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0245%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.037%

Price spread now: Lighter RH against Phoenix+0.042%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.042% dearer against Phoenix than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.161% in total) that is about 44 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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	259.50	0.0277	pay 0.0035% / 1h	19m 30s	$5K	$78K	20x
Short	Lighter RH AMZN	259.61	0.0032	get 0.0004% / 1h	19m 30s	$717K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$51.53
Price spread: +0.042% → 0.000%: $4.24
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$54.3
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Lighter RH: live order book, 3 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 Lighter RH live order book, 3 min ago	1.93 bp	2.2 bp −$2	6.0 bp −$60	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 29 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	259.40	−0.040%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.40	−0.039%	$767K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.41	−0.035%	$28K	$174K	10x	as long as short
Lighter RH AMZNshort	+0.0032%	1h	259.61	+0.042%	$717K	$1.5M	10x
Arcus AMZN-USD	+0.0040%	1h	259.48	−0.008%	$197K	$241K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.44	−0.023%	—	$104K	25x	as long as short
GRVT AMZN_USDT_Perp	+0.0047%	8h	259.59	+0.033%	$13K	$1.8M	10x	as long as short
QFEX AMZN-USD	+0.0049%	1h	259.48	−0.008%	$1.4M	$4.2M	10x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.38	−0.046%	$317K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.54	+0.015%	$628	$5K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.36	−0.054%	$1.3M	$1.2M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.40	−0.039%	$940K	$2.4M	10x	as long as short
Bitget AMZNUSDT	+0.0098%	8h	259.62	+0.046%	$4.8M	$3.8M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.40	−0.039%	$1.5M	$591K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.43	−0.027%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.53	+0.012%	$1K	$320	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0103%	8h	259.53	+0.012%	$2.9M	$4.5M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.50	−0.002%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0135%	1h	259.41	−0.035%	$29.9M	$11.3M	20x	as long as short
Nado AMZN-PERP	+0.0144%	1h	259.37	−0.051%	$414K	$122K	20x	as long as short
Lighter AMZN	+0.0200%	1h	259.60	+0.040%	$824K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.86	+0.139%	$75K	$27K	30x	as long as short
Variational Omni AMZN	+0.0244%	8h	259.58	+0.033%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0244%	8h	259.54	+0.015%	$16.1M	$29.7M	20x	as long as short
Extended AMZN_24_5-USD	+0.0248%	1h	259.46	−0.014%	$498K	$2.7M	10x	as long as short
Hotstuff AMZN-PERP	+0.0272%	1h	259.48	−0.008%	$33K	—	20x	as long as short
Phoenix AMZNlong	+0.0277%	1h	259.50	long leg	$5K	$78K	20x
Bybit AMZNUSDT	+0.0295%	8h	259.61	+0.042%	$3.8M	$3.2M	100x	as long as short
edgeX AMZNUSDC	+0.0337%	4h	259.55	+0.021%	$28K	$248K	10x	as long as short