Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.1% APRpaid last 24h +0.005%

Price spread now: Injective against Variational Omni−0.117%106s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.1 days of funding at the current rate (+$4 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMZN	259.73	0.0092	pay 0.0092% / 8h	3h 51m	$1.8M	$1.1M	—
Short	Injective AMZN/USDC PERP	259.42	0.0220	get 0.0028% / 1h	51m 20s	$75K	$27K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −0.117%Rate

Funding earned: $26.95
Price spread: −0.117% → 0.000%: −$11.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $15.19
Costs to cover: 0.000%
Break-even: 3.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Injective: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago	2.10 bp	doesn't fit	9.4 bp −$94	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	259.53	−0.076%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.52	−0.079%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.021%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.70	−0.008%	$14K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.51	−0.083%	$28K	$175K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0025%	8h	259.72	−0.002%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.69	−0.013%	$719K	$1.5M	10x	as long as short
Hotstuff AMZN-PERP	+0.0032%	1h	259.58	−0.056%	$33K	—	20x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.65	−0.029%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.60	−0.048%	$917K	$2.4M	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	259.58	−0.056%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.51	−0.083%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.54	−0.071%	$322K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.66	−0.025%	$668	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.40	−0.125%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZNlong	+0.0092%	8h	259.73	long leg	$1.8M	$1.1M	—
KuCoin AMZNUSDTM	+0.0100%	8h	259.53	−0.075%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.52	−0.079%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.64	−0.033%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.61	−0.044%	$14K	$510	10x	as long as short
Extended AMZN_24_5-USD	+0.0112%	1h	259.63	−0.038%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0112%	8h	259.67	−0.021%	$16.1M	$29.7M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0116%	1h	259.57	−0.060%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0126%	1h	259.51	−0.084%	$415K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0165%	8h	259.84	+0.044%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0168%	1h	259.67	−0.020%	$803K	$1.0M	20x	as long as short
Injective AMZN/USDC PERPshort	+0.0220%	1h	259.42	−0.117%	$75K	$27K	30x
BloFin AMZN-USDT	+0.0232%	8h	259.74	+0.006%	$178K	$204K	20x	as long as short
Phoenix AMZN	+0.0277%	1h	259.73	+0.002%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0866%	4h	259.68	−0.017%	$28K	$248K	10x	as long as short