Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: QFEX against Aster−0.037%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.037%, 7d avg −0.012%

Together, before fees+0.031%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.026% cheaper against Aster than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.024% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AMZNUSDT	260.06	0	get 0.0000% / 8h	9m 29s	$203K	$208K	20x
Short	QFEX AMZN-USD	259.96	0.0050	get 0.0006% / 1h	9m 29s	$1.4M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $10.58
Price spread: −0.037% → −0.012%: −$2.56
Slippage, 4 orders: −$80.18
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$90.16
Costs to cover: 0.982%
Break-even: 66.6 days

Slippage from Aster: live order book, 27 min ago; QFEX: live order book, 4 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 Aster live order book, 27 min ago	2.12 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.73 bp	6.7 bp −$7	7.1 bp −$71	13.6 bp −$1,356	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 AMZNUSDTlong	0.0000%	8h	260.06	long leg	$203K	$208K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	260.02	−0.014%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.80	−0.099%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.00	−0.022%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	260.01	−0.016%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.00	−0.023%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.79	−0.103%	$29K	$173K	10x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.93	−0.050%	$498K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0026%	8h	259.96	−0.037%	$16.0M	$29.5M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.96	−0.037%	$740K	$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
Hotstuff AMZN-PERP	+0.0032%	1h	259.84	−0.083%	$33K	—	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.89	−0.064%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.80	−0.099%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.84	−0.083%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.83	−0.087%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.94	−0.045%	$687	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.70	−0.137%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USDshort	+0.0050%	1h	259.96	−0.037%	$1.4M	$3.6M	10x
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.068%	$916K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0093%	8h	260.05	−0.003%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.77	−0.110%	$1.5M	$391K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.76	−0.114%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.97	−0.033%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.90	−0.059%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0122%	1h	259.79	−0.103%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0160%	1h	259.96	−0.038%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0185%	8h	260.04	−0.006%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.291%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.97	−0.033%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0497%	4h	259.99	−0.027%	$28K	$248K	10x	as long as short