Settings8H · net · $10k
Funding arb · Price arb /

AMZN

RWAall AMZN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0227%/8h= +24.9% APRnext payment +$0.28 per $10,000 · paid last 24h +0.046%
Price spread now: Phoenix against Polymarket Perps+0.069%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.069% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps AMZN-USD259.810.0050pay 0.0006% / 1h19m 15s$321K$287K10x
ShortPhoenix AMZN259.990.0277get 0.0035% / 1h19m 15s$5K$78K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$47.68
Price spread: +0.069% → 0.000%
$6.93
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$39.61
Costs to cover
0.150%
Break-even
1.2 days
Slippage unknown: Polymarket Perps: live order book, 18 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 18 min ago1.15 bp5.2 bp −$55.4 bp −$549.0 bp −$899doesn't fit
Sell Phoenix no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AMZN_USDC-PERPETUAL−0.0058%1h259.71−0.038%$29K$172K10xas long as short
Aster AMZNUSDT0.0000%8h259.91+0.037%$202K$207K20xas long as short
OKX AMZN-USDT-SWAP0.0000%8h259.99+0.069%$2.8M$4.8M20xas long as short
Gate AMZN_USDT0.0000%8h259.76−0.019%$764K$2.6M100xas long as short
Bitget AMZNUSDT0.0000%8h260.02+0.081%$4.9M$4.0M100xas long as short
Variational Omni AMZN0.0000%8h259.98+0.064%$1.8M$1.1Mas long as short
GRVT AMZN_USDT_Perp0.0000%8h259.98+0.065%$10K$1.8M10xas long as short
Binance AMZNUSDT+0.0022%8h259.96+0.057%$16.0M$29.4M20xas long as short
Extended AMZN_24_5-USD+0.0024%1h259.89+0.030%$498K$3.0M10xas long as short
Lighter RH AMZN+0.0032%1h259.95+0.054%$739K$1.6M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus AMZN-USD+0.0040%1h259.85+0.015%$197K$233K10xas long as short
Vest AMZN-USD-PERP+0.0046%1h259.88+0.027%$104K25xas long as short
tradeXYZ xyz:AMZN+0.0050%1h259.83+0.008%$30.0M$11.2M20xas long as short
Polymarket Perps AMZN-USDlong+0.0050%1h259.81long leg$321K$287K10x
SoDEX AMZN-USD+0.0050%1h259.91+0.038%$685$5K10xas long as short
Ondo Perps AMZN-USD.P+0.0050%1h259.64−0.065%$1.3M$1.1M10xas long as short
QFEX AMZN-USD+0.0050%1h259.91+0.038%$1.4M$3.6M10xas long as short
Coinbase International AMZN-PERP-INTX+0.0064%1h259.88+0.027%$916K$2.3M10xas long as short
BloFin AMZN-USDT+0.0087%8h260.00+0.073%$178K$301K20xas long as short
KuCoin AMZNUSDTM+0.0100%8h259.70−0.042%$1.5M$396K20xas long as short
ApeX Omni AMZNUSDT+0.0100%1h259.80−0.004%$93K$130K50xas long as short
Orderly PERP_AMZN_USDC_mythos+0.0100%8h259.93+0.046%$1K$33110xas long as short
Aevo AMZN-PERP+0.0104%1h259.87+0.023%$14K$51010xas long as short
Nado AMZN-PERP+0.0121%1h259.85+0.015%$414K$114K20xas long as short
Hotstuff AMZN-PERP+0.0144%1h259.89+0.031%$33K20xas long as short
Lighter AMZN+0.0160%1h259.94+0.050%$749K$1.3M20xas long as short
Bybit AMZNUSDT+0.0186%8h260.02+0.081%$4.0M$3.3M100xas long as short
Injective AMZN/USDC PERP+0.0220%1h259.68−0.050%$75K$27K30xas long as short
Phoenix AMZNshort+0.0277%1h259.99+0.069%$5K$78K20x
edgeX AMZNUSDC+0.0907%4h259.91+0.038%$28K$249K10xas long as short