Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.7% APRpaid last 24h −0.009%
Price spread now: Variational Omni against Phoenix+0.033%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.033% dearer against Phoenix than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 20m 34s | $5K | $78K | 20x |
| Short | Variational Omni AMZN | 259.58 | 0.0244 | get 0.0244% / 8h | 6h 20m | $1.8M | $1.1M | — |
Phoenix AMZN
Variational Omni AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$7.02
- Price spread: +0.033% → 0.000%
- $3.28
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.74
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 2.12 bp | doesn't fit | 11.3 bp −$113 | 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 | 259.47 | −0.013% | $203K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.41 | −0.035% | $767K | $2.6M | 100x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.37 | −0.050% | $28K | $174K | 10x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.61 | +0.042% | $717K | $1.5M | 10x | as long as short |
| Arcus AMZN-USD | +0.0040% | 1h | 259.48 | −0.008% | $197K | $241K | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.46 | −0.015% | — | $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 | 259.54 | +0.015% | $1.4M | $4.2M | 10x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.45 | −0.019% | $317K | $287K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.52 | +0.008% | $628 | $5K | 10x | as long as short |
Aster AMZNUSDT
Gate AMZN_USDT
Deribit AMZN_USDC-PERPETUAL
Lighter RH AMZN
Arcus AMZN-USD
Vest AMZN-USD-PERP
GRVT AMZN_USDT_Perp
QFEX AMZN-USD
Polymarket Perps AMZN-USD
SoDEX AMZN-USDShow 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 |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.45 | −0.019% | $1.5M | $592K | 20x | as long as short |
| Bitget AMZNUSDT | +0.0100% | 8h | 259.62 | +0.046% | $4.8M | $3.8M | 100x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.41 | −0.035% | $93K | $130K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.58 | +0.031% | $1K | $320 | 10x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0103% | 8h | 259.62 | +0.046% | $2.9M | $4.5M | 20x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.51 | +0.004% | $14K | $510 | 10x | as long as short |
| tradeXYZ xyz:AMZN | +0.0139% | 1h | 259.45 | −0.019% | $29.9M | $11.3M | 20x | as long as short |
| Nado AMZN-PERP | +0.0146% | 1h | 259.44 | −0.023% | $414K | $122K | 20x | as long as short |
| edgeX AMZNUSDC | +0.0194% | 4h | 259.56 | +0.023% | $28K | $248K | 10x | as long as short |
| Lighter AMZN | +0.0200% | 1h | 259.61 | +0.041% | $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 AMZNshort | +0.0244% | 8h | 259.58 | +0.033% | $1.8M | $1.1M | — | |
| Binance AMZNUSDT | +0.0247% | 8h | 259.58 | +0.032% | $16.1M | $29.7M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0248% | 1h | 259.52 | +0.007% | $498K | $2.7M | 10x | as long as short |
| Phoenix AMZNlong | +0.0277% | 1h | 259.50 | long leg | $5K | $78K | 20x | |
| Hotstuff AMZN-PERP | +0.0280% | 1h | 259.44 | −0.023% | $33K | — | 20x | as long as short |
| Bybit AMZNUSDT | +0.0298% | 8h | 259.61 | +0.042% | $3.8M | $3.2M | 100x | as long as short |
Ondo Perps AMZN-USD.P
Coinbase International AMZN-PERP-INTX
KuCoin AMZNUSDTM
Bitget AMZNUSDT
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
OKX AMZN-USDT-SWAP
Aevo AMZN-PERP
tradeXYZ xyz:AMZN
Nado AMZN-PERP
edgeX AMZNUSDC
Lighter AMZN
Injective AMZN/USDC PERP
Binance AMZNUSDT
Extended AMZN_24_5-USD
Hotstuff AMZN-PERP
Bybit AMZNUSDT