Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0343%/8h= −37.5% APRpaid last 24h −0.032%

Price spread now: Arcus against BloFin−0.015%7-day average −0.073% · 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−$30as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now −0.015%, 7d avg −0.073%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.058% dearer against BloFin than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.073%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 3 days (−0.104% in total) that is about 46 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.104% in total (about -11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AMZN-USDT	259.40	0.0383	pay 0.0383% / 8h	6h 58m	$177K	$214K	20x
Short	Arcus AMZN-USD	259.36	0.0040	get 0.0005% / 1h	58m 40s	$197K	$241K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$71.98
Price spread: −0.015% → −0.073%: $5.76
Slippage, 4 orders: −$19.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$101.82
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Arcus: live order book, 10 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 BloFin live order book, 1 min ago	0.19 bp	8.8 bp −$9	11.9 bp −$119	28.9 bp −$2,895	doesn't fit
Sell Arcus live order book, 10 min ago	4.24 bp	10.2 bp −$10	13.0 bp −$130	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
Aster AMZNUSDT	0.0000%	8h	259.26	−0.055%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.23	−0.066%	$766K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.47	+0.027%	$718K	$1.5M	10x	as long as short
Arcus AMZN-USDshort	+0.0040%	1h	259.36	−0.015%	$197K	$241K	10x
Vest AMZN-USD-PERP	+0.0046%	1h	259.26	−0.054%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.28	−0.046%	$312K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.44	+0.015%	$638	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.17	−0.089%	$1.3M	$1.2M	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0055%	8h	259.47	+0.027%	$12K	$1.8M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.38	−0.008%	$1.4M	$4.3M	10x	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	+0.0072%	1h	259.27	−0.050%	$940K	$2.4M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.21	−0.073%	$1.5M	$602K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.28	−0.046%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.47	+0.027%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.38	−0.008%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0113%	8h	259.45	+0.019%	$2.9M	$4.4M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0136%	1h	259.33	−0.027%	$28K	$173K	10x	as long as short
Hotstuff AMZN-PERP	+0.0160%	1h	259.39	−0.004%	$33K	—	20x	as long as short
Bitget AMZNUSDT	+0.0178%	8h	259.46	+0.023%	$4.8M	$3.8M	100x	as long as short
Nado AMZN-PERP	+0.0184%	1h	259.25	−0.058%	$414K	$122K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.79	+0.150%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0248%	1h	259.45	+0.018%	$825K	$1.1M	20x	as long as short
Bybit AMZNUSDT	+0.0253%	8h	259.57	+0.066%	$3.7M	$3.2M	100x	as long as short
Variational Omni AMZN	+0.0257%	8h	259.49	+0.033%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0263%	8h	259.48	+0.031%	$16.2M	$29.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0264%	1h	259.39	−0.004%	$498K	$2.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0285%	1h	259.41	+0.004%	$29.4M	$10.9M	20x	as long as short
Phoenix AMZN	+0.0339%	1h	259.52	+0.046%	$5K	$77K	20x	as long as short
BloFin AMZN-USDTlong	+0.0383%	8h	259.40	long leg	$177K	$214K	20x
edgeX AMZNUSDC	+0.0974%	4h	259.45	+0.019%	$28K	$249K	10x	as long as short