Funding you earn now, next payment 07:00 UTC−0.0227%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.035%
Price spread now: tradeXYZ against Phoenix−0.058%81s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.125%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 81 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 -0.125% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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 | 259.97 | 0.0277 | pay 0.0035% / 1h | 7m 56s | $5K | $78K | 20x |
| Short | tradeXYZ xyz:AMZN | 259.82 | 0.0050 | get 0.0006% / 1h | 7m 56s | $30.0M | $11.2M | 20x |
Phoenix AMZN
tradeXYZ xyz:AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$47.68
- Price spread: −0.058% → 0.000%
- −$5.77
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$78.45
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.38 bp | 10.1 bp −$10 | 12.6 bp −$126 | 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 | 260.01 | +0.015% | $203K | $208K | 20x | as long as short |
| OKX AMZN-USDT-SWAP | 0.0000% | 8h | 260.02 | +0.019% | $2.8M | $4.8M | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.80 | −0.065% | $766K | $2.6M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.99 | +0.008% | $4.9M | $4.0M | 100x | as long as short |
| Variational Omni AMZN | 0.0000% | 8h | 260.01 | +0.017% | $1.8M | $1.1M | — | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 260.00 | +0.010% | $10K | $1.8M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.73 | −0.092% | $29K | $173K | 10x | as long as short |
| Extended AMZN_24_5-USD | +0.0024% | 1h | 259.89 | −0.031% | $498K | $3.0M | 10x | as long as short |
| Binance AMZNUSDT | +0.0026% | 8h | 259.96 | −0.004% | $16.0M | $29.5M | 20x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.88 | −0.035% | $739K | $1.6M | 10x | as long as short |
Aster AMZNUSDT
OKX AMZN-USDT-SWAP
Gate AMZN_USDT
Bitget AMZNUSDT
Variational Omni AMZN
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
Extended AMZN_24_5-USD
Binance AMZNUSDT
Lighter RH AMZNShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AMZN-PERP | +0.0032% | 1h | 259.81 | −0.062% | $33K | — | 20x | as long as short |
| Arcus AMZN-USD | +0.0040% | 1h | 259.87 | −0.038% | $197K | $233K | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.79 | −0.069% | — | $104K | 25x | as long as short |
| tradeXYZ xyz:AMZNshort | +0.0050% | 1h | 259.82 | −0.058% | $30.0M | $11.2M | 20x | |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.78 | −0.073% | $321K | $287K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.89 | −0.031% | $684 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.70 | −0.104% | $1.3M | $1.1M | 10x | as long as short |
| QFEX AMZN-USD | +0.0050% | 1h | 259.90 | −0.027% | $1.4M | $3.6M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0064% | 1h | 259.88 | −0.035% | $916K | $2.3M | 10x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.76 | −0.081% | $1.5M | $391K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.76 | −0.081% | $93K | $130K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.93 | −0.015% | $1K | $331 | 10x | as long as short |
| BloFin AMZN-USDT | +0.0102% | 8h | 259.95 | −0.008% | $178K | $301K | 20x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.87 | −0.037% | $14K | $510 | 10x | as long as short |
| Nado AMZN-PERP | +0.0122% | 1h | 259.70 | −0.104% | $414K | $114K | 20x | as long as short |
| Lighter AMZN | +0.0160% | 1h | 259.87 | −0.038% | $749K | $1.3M | 20x | as long as short |
| Bybit AMZNUSDT | +0.0186% | 8h | 260.04 | +0.027% | $4.0M | $3.3M | 100x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.30 | −0.258% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNlong | +0.0277% | 1h | 259.97 | long leg | $5K | $78K | 20x | |
| edgeX AMZNUSDC | +0.0497% | 4h | 259.99 | +0.007% | $28K | $248K | 10x | as long as short |
Hotstuff AMZN-PERP
Arcus AMZN-USD
Vest AMZN-USD-PERP
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
BloFin AMZN-USDT
Aevo AMZN-PERP
Nado AMZN-PERP
Lighter AMZN
Bybit AMZNUSDT
Injective AMZN/USDC PERP
edgeX AMZNUSDC