Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: Variational Omni against QFEX+0.021%7-day average +0.047% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.021%, 7d avg +0.047%

Together, before fees+0.001%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.026% cheaper against QFEX than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.047%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.013% in total) that is about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AMZN-USD	258.92	0.0068	pay 0.0009% / 1h	5m 12s	$1.4M	$4.4M	10x
Short	Variational Omni AMZN	258.98	0.0168	get 0.0168% / 8h	2h 05m	$1.8M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: $20.96
Price spread: +0.021% → +0.047%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.4
Costs to cover: 0.100%
Break-even: 4.2 days

Slippage unknown: QFEX: live order book, 8 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 8 min ago	1.54 bp	6.5 bp −$7	9.6 bp −$96	16.2 bp −$1,621	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.74 bp	doesn't fit	15.4 bp −$154	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
Injective AMZN/USDC PERP	−0.0077%	1h	258.71	−0.081%	$75K	$27K	30x	as long as short
Deribit AMZN_USDC-PERPETUAL	−0.0020%	1h	258.74	−0.070%	$27K	$275K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	258.89	−0.011%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.76	−0.062%	$758K	$2.6M	100x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	258.86	−0.023%	$941K	$2.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.78	−0.054%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.82	−0.039%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.92	0.000%	$637	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.69	−0.089%	$1.3M	$1.3M	10x	as long as short
Lighter RH AMZN	+0.0064%	1h	259.00	+0.031%	$733K	$1.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USDlong	+0.0068%	1h	258.92	long leg	$1.4M	$4.4M	10x
Hotstuff AMZN-PERP	+0.0088%	1h	258.92	0.000%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.78	−0.054%	$1.5M	$652K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.76	−0.062%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.97	+0.019%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.90	−0.007%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0120%	8h	258.98	+0.023%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0125%	8h	259.01	+0.035%	$12K	$1.7M	10x	as long as short
Variational Omni AMZNshort	+0.0168%	8h	258.98	+0.021%	$1.8M	$1.6M	—
tradeXYZ xyz:AMZN	+0.0180%	1h	258.91	−0.004%	$28.1M	$11.3M	20x	as long as short
Extended AMZN_24_5-USD	+0.0184%	1h	258.93	+0.004%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0185%	8h	258.96	+0.015%	$16.1M	$31.7M	20x	as long as short
Nado AMZN-PERP	+0.0243%	1h	258.77	−0.059%	$414K	$123K	20x	as long as short
Bitget AMZNUSDT	+0.0273%	8h	259.01	+0.035%	$4.8M	$4.1M	100x	as long as short
Arcus AMZN-USD	+0.0302%	1h	258.76	−0.062%	$196K	$239K	10x	as long as short
Bybit AMZNUSDT	+0.0302%	8h	258.96	+0.015%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0305%	8h	259.00	+0.031%	$179K	$189K	20x	as long as short
Phoenix AMZN	+0.0309%	1h	258.98	+0.023%	$5K	$118K	20x	as long as short
Lighter AMZN	+0.0352%	1h	259.02	+0.038%	$833K	$1.2M	20x	as long as short
edgeX AMZNUSDC	+0.0582%	4h	258.96	+0.017%	$28K	$247K	10x	as long as short