Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h −0.007%

Price spread now: GRVT against Polymarket Perps+0.097%63s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.308% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.097%, 7d avg +0.079%

Together, before fees−0.107%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour. 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 -0.079% in total (about -4.1% 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	Polymarket Perps AMZN-USD	259.20	0.0050	pay 0.0006% / 1h	53m 54s	$304K	$279K	10x
Short	GRVT AMZN_USDT_Perp	259.45	0.0273	get 0.0273% / 8h	7h 53m	$9K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Polymarket Perps. 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 Polymarket PerpsbpFee GRVTbpOrdersPrice spread, now +0.097%Rate

Funding earned: $46.83
Price spread: +0.097% → +0.079%: $1.74
Slippage, 4 orders: −$13.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $17.73
Costs to cover: 0.308%
Break-even: 4.3 days

Slippage from Polymarket Perps: live order book, 18 min ago; GRVT: live order book, 4 min ago.

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 Polymarket Perps live order book, 18 min ago	1.54 bp	8.5 bp −$9	9.2 bp −$92	10.9 bp −$1,091	doesn't fit
Sell GRVT live order book, 4 min ago	0.38 bp	9.1 bp −$9	20.1 bp −$201	doesn't fit	doesn't fit

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	259.25	+0.018%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.24	+0.015%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.21	+0.004%	$27K	$178K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.44	+0.093%	$718K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.16	−0.015%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USDlong	+0.0050%	1h	259.20	long leg	$304K	$279K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.32	+0.046%	$610	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.09	−0.042%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.27	+0.027%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.08	−0.046%	$939K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.21	+0.004%	$1.5M	$606K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.21	+0.004%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.34	+0.054%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.31	+0.044%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0136%	8h	259.41	+0.081%	$2.9M	$4.4M	20x	as long as short
Bybit AMZNUSDT	+0.0178%	8h	259.46	+0.100%	$3.7M	$3.2M	100x	as long as short
Hotstuff AMZN-PERP	+0.0192%	1h	259.29	+0.035%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0218%	1h	259.32	+0.046%	$28.6M	$10.8M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.21	+0.004%	$75K	$27K	30x	as long as short
edgeX AMZNUSDC	+0.0220%	4h	259.43	+0.090%	$28K	$247K	10x	as long as short
Nado AMZN-PERP	+0.0243%	1h	259.16	−0.016%	$414K	$123K	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.31	+0.042%	$197K	$242K	10x	as long as short
Variational Omni AMZN	+0.0267%	8h	259.50	+0.118%	$1.8M	$1.4M	—	as long as short
Lighter AMZN	+0.0272%	1h	259.43	+0.090%	$833K	$1.1M	20x	as long as short
Extended AMZN_24_5-USD	+0.0272%	1h	259.35	+0.057%	$497K	$2.5M	10x	as long as short
GRVT AMZN_USDT_Perpshort	+0.0273%	8h	259.45	+0.097%	$9K	$1.8M	10x
Binance AMZNUSDT	+0.0275%	8h	259.42	+0.085%	$16.1M	$30.8M	20x	as long as short
Bitget AMZNUSDT	+0.0291%	8h	259.33	+0.050%	$4.8M	$3.9M	100x	as long as short
Phoenix AMZN	+0.0309%	1h	259.43	+0.089%	$5K	$98K	20x	as long as short
BloFin AMZN-USDT	+0.0395%	8h	259.32	+0.046%	$177K	$216K	20x	as long as short