Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: Deribit against Bitget−0.104%7-day average −0.063% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.104%, 7d avg −0.063%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.041% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AMZNUSDT	259.85	0	get 0.0000% / 8h	1h 44m	$4.9M	$4.0M	100x
Short	Deribit AMZN_USDC-PERPETUAL	259.58	0	get 0.0000% / 1h	44m 09s	$28K	$176K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.063%: −$4.14
Slippage, 4 orders: −$18.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.86
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 64 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, 4 min ago	1.35 bp	11.6 bp −$12	15.4 bp −$154	35.7 bp −$3,574	doesn't fit
Sell Deribit live order book, 64 min ago	0.19 bp	3.7 bp −$4	4.3 bp −$43	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
Hotstuff AMZN-PERP	−0.0008%	1h	259.65	−0.077%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.76	−0.036%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.77	−0.031%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.61	−0.092%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDTlong	0.0000%	8h	259.85	long leg	$4.9M	$4.0M	100x
Variational Omni AMZN	0.0000%	8h	259.81	−0.017%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.85	0.000%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUALshort	0.0000%	1h	259.58	−0.104%	$28K	$176K	10x
Extended AMZN_24_5-USD	+0.0008%	1h	259.73	−0.045%	$502K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0009%	8h	259.79	−0.024%	$15.9M	$29.9M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.73	−0.046%	$911K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.80	−0.019%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.68	−0.065%	$197K	$240K	10x	as long as short
BloFin AMZN-USDT	+0.0041%	8h	259.79	−0.023%	$177K	$206K	20x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.70	−0.058%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.67	−0.069%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.67	−0.069%	$30.0M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.60	−0.096%	$317K	$288K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.73	−0.046%	$682	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.50	−0.135%	$1.3M	$1.2M	10x	as long as short
Bybit AMZNUSDT	+0.0094%	8h	259.84	−0.004%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.058%	$1.5M	$457K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.66	−0.073%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.73	−0.046%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.70	−0.059%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.78	−0.027%	$750K	$1.3M	20x	as long as short
Nado AMZN-PERP	+0.0130%	1h	259.65	−0.078%	$414K	$113K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.53	−0.123%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0308%	1h	259.82	−0.012%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0742%	4h	259.77	−0.031%	$28K	$250K	10x	as long as short