Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.034%

Price spread now: Coinbase International against Bitget−0.096%47s7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.096%, 7d avg −0.118%

Together, before fees+0.210%+$21 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 Coinbase International is 0.022% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.118%. The two prices were read 47 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	Bitget AMZNUSDT	260.03	0	get 0.0000% / 8h	3h 16m	$4.9M	$4.0M	100x
Short	Coinbase International AMZN-PERP-INTX	259.78	0.0040	get 0.0005% / 1h	16m 29s	$918K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.096%Rate

Funding earned: $8.4
Price spread: −0.096% → −0.118%: $2.2
Slippage, 4 orders: −$9.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.58
Costs to cover: 0.312%
Break-even: 24.1 days

Slippage from Bitget: live order book, 2 min ago; Coinbase International: 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 Bitget live order book, 2 min ago	0.58 bp	9.3 bp −$9	13.8 bp −$138	32.4 bp −$3,235	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.19 bp	5.2 bp −$5	8.4 bp −$84	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	−0.0366%	1h	259.77	−0.100%	$28K	$175K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.05	+0.006%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.09	+0.023%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.89	−0.054%	$765K	$2.7M	100x	as long as short
Bitget AMZNUSDTlong	0.0000%	8h	260.03	long leg	$4.9M	$4.0M	100x
GRVT AMZN_USDT_Perp	0.0000%	8h	259.94	−0.035%	$9K	$1.9M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.99	−0.015%	$733K	$1.6M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.95	−0.031%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0040%	1h	259.78	−0.096%	$918K	$2.4M	10x
Arcus AMZN-USD	+0.0040%	1h	259.86	−0.065%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.98	−0.019%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.87	−0.062%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.96	−0.027%	$688	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.82	−0.081%	$1.3M	$1.2M	10x	as long as short
Nado AMZN-PERP	+0.0058%	1h	260.01	−0.008%	$415K	$112K	20x	as long as short
Variational Omni AMZN	+0.0060%	8h	259.98	−0.021%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0065%	1h	259.98	−0.019%	$29.9M	$11.3M	20x	as long as short
Extended AMZN_24_5-USD	+0.0072%	1h	259.99	−0.016%	$498K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0074%	8h	260.06	+0.012%	$16.0M	$29.9M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.81	−0.085%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.90	−0.050%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.00	−0.012%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.95	−0.031%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0120%	1h	260.08	+0.020%	$805K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0150%	8h	260.07	+0.015%	$3.7M	$3.2M	100x	as long as short
Hotstuff AMZN-PERP	+0.0168%	1h	259.94	−0.035%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0196%	8h	259.93	−0.038%	$178K	$205K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.64	−0.150%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	260.00	−0.012%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0623%	4h	259.91	−0.046%	$28K	$249K	10x	as long as short