Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.025%

Price spread now: Gate against tradeXYZ−0.046%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.046%, 7d avg +0.042%

Together, before fees−0.049%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.089% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.2% 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	tradeXYZ xyz:AMZN	259.69	0.0217	pay 0.0027% / 1h	44m 57s	$29.9M	$11.3M	20x
Short	Gate AMZN_USDT	259.57	0	get 0.0000% / 8h	2h 44m	$764K	$2.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$45.64
Price spread: −0.046% → +0.042%: −$8.87
Slippage, 4 orders: −$13.23
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.74
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 3 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 tradeXYZ live order book, 4 min ago	0.19 bp	9.7 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.70 bp	15.6 bp −$16	31.4 bp −$314	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	259.73	+0.014%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.75	+0.023%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDTshort	0.0000%	8h	259.57	−0.046%	$764K	$2.7M	100x
Bitget AMZNUSDT	0.0000%	8h	259.82	+0.050%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.75	+0.024%	$10K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.52	−0.065%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0007%	8h	259.75	+0.023%	$1.8M	$1.1M	—	as long as short
QFEX AMZN-USD	+0.0020%	1h	259.66	−0.012%	$1.4M	$3.7M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.64	−0.019%	$917K	$2.4M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.76	+0.027%	$725K	$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	259.66	−0.011%	$501K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0036%	8h	259.73	+0.015%	$16.0M	$29.8M	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.63	−0.023%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.58	−0.042%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.60	−0.035%	$317K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.69	0.000%	$680	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.50	−0.073%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.64	−0.019%	$1.5M	$476K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.50	−0.073%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.66	−0.012%	$1K	$320	10x	as long as short
Bybit AMZNUSDT	+0.0102%	8h	259.82	+0.050%	$3.7M	$3.2M	100x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.66	−0.010%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0104%	1h	259.56	−0.051%	$414K	$112K	20x	as long as short
Hotstuff AMZN-PERP	+0.0112%	1h	259.70	+0.004%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0142%	8h	259.75	+0.023%	$179K	$205K	20x	as long as short
Lighter AMZN	+0.0144%	1h	259.72	+0.010%	$748K	$1.3M	20x	as long as short
tradeXYZ xyz:AMZNlong	+0.0217%	1h	259.69	long leg	$29.9M	$11.3M	20x
Injective AMZN/USDC PERP	+0.0220%	1h	259.45	−0.092%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.78	+0.035%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0680%	4h	259.68	−0.005%	$28K	$249K	10x	as long as short