Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.053%

Price spread now: Bybit against ApeX Omni+0.104%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.104%, 7d avg +0.061%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.043% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AMZNUSDT	259.55	0.0100	pay 0.0013% / 1h	5m 37s	$93K	$129K	50x
Short	Bybit AMZNUSDT	259.82	0.0143	get 0.0143% / 8h	4h 05m	$3.7M	$3.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.104%Rate

Funding earned: $9.09
Price spread: +0.104% → +0.061%: $4.32
Slippage, 4 orders: −$31.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.04
Costs to cover: 0.525%
Break-even: 37.1 days

Slippage from ApeX Omni: live order book, 50 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 50 min ago	2.50 bp	14.6 bp −$15	409.5 bp −$4,095	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.69 bp	11.9 bp −$12	23.6 bp −$236	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
Deribit AMZN_USDC-PERPETUAL	−0.0058%	1h	259.45	−0.039%	$28K	$174K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.59	+0.016%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.54	−0.004%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.089%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.073%	$10K	$1.8M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.73	+0.069%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	+0.019%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0036%	8h	259.76	+0.081%	$2.9M	$4.7M	20x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.65	+0.039%	$1.4M	$3.8M	10x	as long as short
Hotstuff AMZN-PERP	+0.0040%	1h	259.66	+0.042%	$33K	—	20x	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	259.59	+0.015%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	+0.008%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.56	+0.004%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.71	+0.062%	$663	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.48	−0.027%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	+0.023%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDTlong	+0.0100%	1h	259.55	long leg	$93K	$129K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.68	+0.050%	$1K	$320	10x	as long as short
Variational Omni AMZN	+0.0102%	8h	259.73	+0.067%	$1.8M	$1.1M	—	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.63	+0.030%	$14K	$510	10x	as long as short
Extended AMZN_24_5-USD	+0.0120%	1h	259.64	+0.034%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0120%	8h	259.72	+0.064%	$16.1M	$29.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0129%	1h	259.69	+0.054%	$29.8M	$11.1M	20x	as long as short
Nado AMZN-PERP	+0.0134%	1h	259.57	+0.009%	$415K	$112K	20x	as long as short
Bybit AMZNUSDTshort	+0.0143%	8h	259.82	+0.104%	$3.7M	$3.2M	100x
edgeX AMZNUSDC	+0.0183%	4h	259.68	+0.049%	$28K	$248K	10x	as long as short
Phoenix AMZN	+0.0185%	1h	259.77	+0.085%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0200%	1h	259.71	+0.063%	$803K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.43	−0.046%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0242%	8h	259.72	+0.065%	$179K	$204K	20x	as long as short