Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.057%

Price spread now: Lighter against Variational Omni−0.005%7-day average −0.028% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now −0.005%, 7d avg −0.028%

Together, before fees−0.076%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.023% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMZN	258.96	0.0195	pay 0.0195% / 8h	1h 16m	$1.8M	$1.4M	—
Short	Lighter AMZN	258.95	0.0264	get 0.0033% / 1h	16m 54s	$833K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.005%Rate

Funding earned: $14.59
Price spread: −0.005% → −0.028%: $2.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $16.84
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter: live order book, 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 Variational Omni RFQ quote, 2 min ago	2.11 bp	doesn't fit	11.0 bp −$110	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.17 bp	0.5 bp −$1	1.7 bp −$17	79.0 bp −$7,903	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	258.92	−0.017%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.73	−0.091%	$763K	$2.7M	100x	as long as short
Hotstuff AMZN-PERP	+0.0024%	1h	258.83	−0.052%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.93	−0.014%	$721K	$1.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.70	−0.102%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.80	−0.064%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.85	−0.044%	$633	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.63	−0.129%	$1.3M	$1.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0056%	1h	258.71	−0.098%	$940K	$2.7M	10x	as long as short
QFEX AMZN-USD	+0.0066%	1h	258.87	−0.037%	$1.4M	$4.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AMZNUSDC	+0.0068%	4h	258.93	−0.012%	$28K	$248K	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.64	−0.125%	$1.5M	$643K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.77	−0.075%	$92K	$134K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.91	−0.021%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.86	−0.042%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0114%	8h	258.89	−0.029%	$2.9M	$4.4M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0130%	1h	258.81	−0.060%	$28.4M	$11.1M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0133%	8h	258.93	−0.015%	$10K	$1.8M	10x	as long as short
Variational Omni AMZNlong	+0.0195%	8h	258.96	long leg	$1.8M	$1.4M	—
Extended AMZN_24_5-USD	+0.0208%	1h	258.89	−0.028%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0210%	8h	258.87	−0.037%	$16.1M	$31.5M	20x	as long as short
Nado AMZN-PERP	+0.0214%	1h	258.71	−0.098%	$414K	$123K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.68	−0.110%	$75K	$27K	30x	as long as short
Lighter AMZNshort	+0.0264%	1h	258.95	−0.005%	$833K	$1.1M	20x
Bitget AMZNUSDT	+0.0277%	8h	258.89	−0.029%	$4.8M	$4.0M	100x	as long as short
Arcus AMZN-USD	+0.0284%	1h	258.76	−0.079%	$196K	$236K	10x	as long as short
Bybit AMZNUSDT	+0.0326%	8h	258.99	+0.010%	$3.7M	$3.3M	100x	as long as short
BloFin AMZN-USDT	+0.0330%	8h	258.94	−0.010%	$179K	$188K	20x	as long as short
Phoenix AMZN	+0.0340%	1h	258.94	−0.010%	$5K	$118K	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0484%	1h	258.88	−0.033%	$27K	$226K	10x	as long as short