Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h +0.009%

Price spread now: Bitget against QFEX+0.046%7-day average +0.055% · 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−$34as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.046%, 7d avg +0.055%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.026% in total (about 2.9% 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	QFEX AMZN-USD	258.93	0.0068	pay 0.0009% / 1h	11m 14s	$1.4M	$4.4M	10x
Short	Bitget AMZNUSDT	259.05	0.0273	get 0.0273% / 8h	2h 11m	$4.8M	$4.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.046%Rate

Funding earned: $42.98
Price spread: +0.046% → +0.055%: −$0.83
Slippage, 4 orders: −$10.83
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $9.32
Costs to cover: 0.328%
Break-even: 5.5 days

Slippage from QFEX: live order book, 12 min ago; Bitget: live order book, 7 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, 12 min ago	2.12 bp	7.1 bp −$7	8.0 bp −$80	13.9 bp −$1,392	doesn't fit
Sell Bitget live order book, 7 min ago	1.54 bp	10.7 bp −$11	14.5 bp −$145	52.6 bp −$5,255	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
Injective AMZN/USDC PERP	−0.0077%	1h	258.70	−0.089%	$75K	$27K	30x	as long as short
Aster AMZNUSDT	0.0000%	8h	258.91	−0.008%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.79	−0.054%	$758K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.76	−0.066%	$27K	$275K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	258.86	−0.027%	$941K	$2.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.78	−0.058%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.84	−0.035%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.92	−0.004%	$638	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.73	−0.077%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USDlong	+0.0068%	1h	258.93	long leg	$1.4M	$4.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff AMZN-PERP	+0.0088%	1h	258.92	−0.004%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0088%	1h	259.02	+0.035%	$733K	$1.7M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.79	−0.054%	$1.5M	$651K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.76	−0.066%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.99	+0.023%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.94	+0.004%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0120%	8h	259.06	+0.050%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0122%	8h	259.02	+0.035%	$12K	$1.7M	10x	as long as short
Variational Omni AMZN	+0.0163%	8h	259.11	+0.068%	$1.8M	$1.6M	—	as long as short
tradeXYZ xyz:AMZN	+0.0179%	1h	258.92	−0.004%	$28.1M	$11.3M	20x	as long as short
Binance AMZNUSDT	+0.0184%	8h	258.96	+0.012%	$16.1M	$31.7M	20x	as long as short
Extended AMZN_24_5-USD	+0.0184%	1h	258.93	−0.001%	$490K	$2.5M	10x	as long as short
Nado AMZN-PERP	+0.0247%	1h	258.76	−0.065%	$414K	$123K	20x	as long as short
edgeX AMZNUSDC	+0.0261%	4h	259.07	+0.054%	$28K	$249K	10x	as long as short
Bitget AMZNUSDTshort	+0.0273%	8h	259.05	+0.046%	$4.8M	$4.1M	100x
Bybit AMZNUSDT	+0.0297%	8h	259.07	+0.054%	$3.7M	$3.2M	100x	as long as short
Arcus AMZN-USD	+0.0302%	1h	258.80	−0.050%	$196K	$239K	10x	as long as short
BloFin AMZN-USDT	+0.0304%	8h	259.06	+0.050%	$179K	$189K	20x	as long as short
Phoenix AMZN	+0.0309%	1h	259.05	+0.046%	$5K	$118K	20x	as long as short
Lighter AMZN	+0.0368%	1h	259.04	+0.042%	$833K	$1.2M	20x	as long as short