Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.029%

Price spread now: Binance against QFEX+0.042%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$5 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.042%, 7d avg +0.048%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.055%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AMZN-USD	259.96	0.0052	pay 0.0007% / 1h	32m 27s	$1.4M	$3.5M	10x
Short	Binance AMZNUSDT	260.07	0.0030	get 0.0030% / 8h	7h 32m	$16.2M	$30.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$4.63
Price spread: +0.042% → +0.048%: −$0.61
Slippage, 4 orders: −$3.98
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.22
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Binance: live order book, 9 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 QFEX live order book, 6 min ago	1.15 bp	6.2 bp −$6	6.5 bp −$65	13.4 bp −$1,340	doesn't fit
Sell Binance live order book, 9 min ago	0.19 bp	5.7 bp −$6	12.2 bp −$122	50.4 bp −$5,036	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	260.09	+0.050%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.10	+0.054%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.96	0.000%	$767K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.10	+0.054%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.11	+0.058%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.93	−0.012%	$29K	$173K	10x	as long as short
Variational Omni AMZN	+0.0006%	8h	260.15	+0.075%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDTshort	+0.0030%	8h	260.07	+0.042%	$16.2M	$30.0M	20x
Lighter RH AMZN	+0.0032%	1h	260.04	+0.031%	$719K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	259.99	+0.012%	$501K	$3.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.89	−0.027%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.95	−0.004%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.92	−0.015%	$30.0M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.94	−0.008%	$321K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.93	−0.012%	$700	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.72	−0.092%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USDlong	+0.0052%	1h	259.96	long leg	$1.4M	$3.5M	10x
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.74	−0.085%	$916K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.92	−0.015%	$1.5M	$413K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.85	−0.042%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.08	+0.046%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.06	+0.040%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0126%	8h	260.05	+0.035%	$179K	$304K	20x	as long as short
Nado AMZN-PERP	+0.0149%	1h	259.93	−0.011%	$414K	$114K	20x	as long as short
Hotstuff AMZN-PERP	+0.0160%	1h	259.91	−0.019%	$33K	—	20x	as long as short
Lighter AMZN	+0.0176%	1h	260.03	+0.028%	$743K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.054%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	260.03	+0.027%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0516%	4h	260.10	+0.053%	$28K	$249K	10x	as long as short
Bybit AMZNUSDT	+0.0527%	8h	260.24	+0.108%	$4.1M	$3.4M	100x	as long as short