Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni−0.110%7-day average −0.127% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.110%, 7d avg −0.127%

Together, before fees+0.046%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.127%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMZN	258.98	0.0168	pay 0.0168% / 8h	2h 03m	$1.8M	$1.6M	—
Short	Ondo Perps AMZN-USD.P	258.69	0.0050	get 0.0006% / 1h	3m 56s	$1.3M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$24.72
Price spread: −0.110% → −0.127%: $1.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$28.07
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Ondo Perps: 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, 5 min ago	2.74 bp	doesn't fit	16.5 bp −$165	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Injective AMZN/USDC PERP	−0.0077%	1h	258.71	−0.102%	$75K	$27K	30x	as long as short
Aster AMZNUSDT	0.0000%	8h	258.89	−0.031%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.74	−0.091%	$758K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.76	−0.083%	$27K	$275K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	258.86	−0.044%	$941K	$2.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.78	−0.075%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.82	−0.060%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.94	−0.014%	$635	$5K	10x	as long as short
Ondo Perps AMZN-USD.Pshort	+0.0050%	1h	258.69	−0.110%	$1.3M	$1.3M	10x
Lighter RH AMZN	+0.0064%	1h	259.00	+0.010%	$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-USD	+0.0068%	1h	258.92	−0.021%	$1.4M	$4.4M	10x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	258.92	−0.021%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.78	−0.075%	$1.5M	$652K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.76	−0.083%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.97	−0.002%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.92	−0.022%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0120%	8h	258.94	−0.014%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0125%	8h	259.01	+0.014%	$12K	$1.7M	10x	as long as short
Variational Omni AMZNlong	+0.0168%	8h	258.98	long leg	$1.8M	$1.6M	—
tradeXYZ xyz:AMZN	+0.0180%	1h	258.92	−0.021%	$28.1M	$11.3M	20x	as long as short
Extended AMZN_24_5-USD	+0.0184%	1h	258.93	−0.016%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0185%	8h	258.97	−0.003%	$16.1M	$31.7M	20x	as long as short
Nado AMZN-PERP	+0.0242%	1h	258.76	−0.082%	$414K	$123K	20x	as long as short
Bitget AMZNUSDT	+0.0273%	8h	259.00	+0.010%	$4.8M	$4.1M	100x	as long as short
Arcus AMZN-USD	+0.0302%	1h	258.76	−0.083%	$196K	$239K	10x	as long as short
Bybit AMZNUSDT	+0.0303%	8h	258.96	−0.006%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0305%	8h	259.00	+0.010%	$179K	$189K	20x	as long as short
Phoenix AMZN	+0.0309%	1h	258.98	+0.002%	$5K	$118K	20x	as long as short
Lighter AMZN	+0.0352%	1h	259.02	+0.019%	$833K	$1.2M	20x	as long as short
edgeX AMZNUSDC	+0.0582%	4h	258.96	−0.004%	$28K	$247K	10x	as long as short