Funding you earn now, next payment 08:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h −0.041%
Price spread now: OKX against Phoenix−0.023%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.087%−$9 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 −$7 a day on $10k at the current rate, and OKX is 0.023% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 -0.087% in total (about -4.6% 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 | 259.98 | 0.0246 | pay 0.0031% / 1h | 42m 40s | $5K | $78K | 20x |
| Short | OKX AMZN-USDT-SWAP | 259.92 | 0 | get 0.0000% / 8h | 7h 42m | $2.8M | $4.8M | 20x |
Phoenix AMZN
OKX AMZN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$51.73
- Price spread: −0.023% → 0.000%
- −$2.31
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$71.04
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.19 bp | 12.1 bp −$12 | 19.0 bp −$190 | 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 | 259.96 | −0.009% | $204K | $209K | 20x | as long as short |
| OKX AMZN-USDT-SWAPshort | 0.0000% | 8h | 259.92 | −0.023% | $2.8M | $4.8M | 20x | |
| Hotstuff AMZN-PERP | 0.0000% | 1h | 259.85 | −0.050% | $33K | — | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.73 | −0.096% | $765K | $2.6M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.91 | −0.027% | $4.9M | $4.1M | 100x | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 260.02 | +0.015% | $10K | $1.8M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.67 | −0.119% | $29K | $173K | 10x | as long as short |
| Variational Omni AMZN | +0.0010% | 8h | 260.01 | +0.013% | $1.8M | $1.1M | — | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.92 | −0.023% | $714K | $1.6M | 10x | as long as short |
| Extended AMZN_24_5-USD | +0.0032% | 1h | 259.74 | −0.091% | $501K | $3.0M | 10x | as long as short |
Aster AMZNUSDT
Hotstuff AMZN-PERP
Gate AMZN_USDT
Bitget AMZNUSDT
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
Variational Omni AMZN
Lighter RH AMZN
Extended AMZN_24_5-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AMZNUSDT | +0.0032% | 8h | 259.86 | −0.046% | $16.1M | $29.8M | 20x | as long as short |
| Arcus AMZN-USD | +0.0040% | 1h | 259.75 | −0.088% | $197K | $233K | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.75 | −0.088% | — | $104K | 25x | as long as short |
| tradeXYZ xyz:AMZN | +0.0050% | 1h | 259.73 | −0.096% | $29.9M | $11.3M | 20x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.71 | −0.104% | $321K | $287K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.77 | −0.081% | $690 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.77 | −0.081% | $1.3M | $1.1M | 10x | as long as short |
| QFEX AMZN-USD | +0.0052% | 1h | 259.78 | −0.077% | $1.4M | $3.5M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0088% | 1h | 259.75 | −0.088% | $917K | $2.3M | 10x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.75 | −0.088% | $1.5M | $404K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.82 | −0.062% | $93K | $130K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.85 | −0.050% | $1K | $331 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.79 | −0.075% | $14K | $510 | 10x | as long as short |
| BloFin AMZN-USDT | +0.0138% | 8h | 259.81 | −0.065% | $178K | $303K | 20x | as long as short |
| Nado AMZN-PERP | +0.0138% | 1h | 259.78 | −0.076% | $414K | $114K | 20x | as long as short |
| Lighter AMZN | +0.0160% | 1h | 259.90 | −0.031% | $743K | $1.3M | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 260.35 | +0.142% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNlong | +0.0246% | 1h | 259.98 | long leg | $5K | $78K | 20x | |
| Bybit AMZNUSDT | +0.0448% | 8h | 260.02 | +0.015% | $4.1M | $3.4M | 100x | as long as short |
| edgeX AMZNUSDC | +0.0785% | 4h | 259.96 | −0.007% | $28K | $250K | 10x | as long as short |
Binance AMZNUSDT
Arcus AMZN-USD
Vest AMZN-USD-PERP
tradeXYZ xyz:AMZN
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USD
Coinbase International AMZN-PERP-INTX
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
BloFin AMZN-USDT
Nado AMZN-PERP
Lighter AMZN
Injective AMZN/USDC PERP
Bybit AMZNUSDT
edgeX AMZNUSDC