Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0786%/8h= +86.1% APRpaid last 24h +0.213%

Price spread now: edgeX against QFEX+0.028%57s7-day average +0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.347% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.145%−$15 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.028%, 7d avg +0.004%

Together, before fees−0.137%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.024% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 4 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour. The two prices were read 57 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 4 days it paid -0.145% in total (about -14.6% 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	259.67	0.0020	pay 0.0002% / 1h	48m 38s	$1.4M	$3.7M	10x
Short	edgeX AMZNUSDC	259.74	0.0806	get 0.0403% / 4h	2h 48m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $165.12
Price spread: +0.028% → +0.004%: $2.37
Slippage, 4 orders: −$15.74
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $132.75
Costs to cover: 0.347%
Break-even: 1.4 days

Slippage from QFEX: live order book, 5 min ago; edgeX: live order book, 64 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, 5 min ago	2.12 bp	7.1 bp −$7	8.3 bp −$83	14.3 bp −$1,432	doesn't fit
Sell edgeX live order book, 64 min ago	5.39 bp	10.3 bp −$10	14.8 bp −$148	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	259.67	+0.001%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.78	+0.042%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.59	−0.031%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.82	+0.058%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.79	+0.044%	$10K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.57	−0.039%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0009%	8h	259.77	+0.040%	$1.8M	$1.1M	—	as long as short
QFEX AMZN-USDlong	+0.0020%	1h	259.67	long leg	$1.4M	$3.7M	10x
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.72	+0.019%	$918K	$2.4M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.76	+0.035%	$724K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AMZN_24_5-USD	+0.0032%	1h	259.68	+0.003%	$501K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0036%	8h	259.74	+0.026%	$16.0M	$29.8M	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.66	−0.004%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	−0.039%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.60	−0.027%	$317K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.73	+0.023%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.51	−0.062%	$1.2M	$1.2M	10x	as long as short
Nado AMZN-PERP	+0.0083%	1h	259.57	−0.040%	$414K	$112K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	−0.023%	$1.5M	$479K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.56	−0.042%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.73	+0.023%	$1K	$320	10x	as long as short
Bybit AMZNUSDT	+0.0103%	8h	259.81	+0.054%	$3.7M	$3.2M	100x	as long as short
Hotstuff AMZN-PERP	+0.0104%	1h	259.69	+0.008%	$33K	—	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.66	−0.005%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0143%	8h	259.75	+0.031%	$179K	$205K	20x	as long as short
Lighter AMZN	+0.0144%	1h	259.70	+0.012%	$756K	$1.3M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0212%	1h	259.74	+0.027%	$29.9M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.51	−0.062%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.78	+0.042%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0806%	4h	259.74	+0.028%	$28K	$248K	10x