Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.053%

Price spread now: ApeX Omni against Bybit−0.100%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Bybit Short on ApeX Omni

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)+0.033%+$3 · spread now −0.100%, 7d avg −0.061%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.039% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.061%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	259.82	0.0138	pay 0.0138% / 8h	4h 11m	$3.7M	$3.2M	100x
Short	ApeX Omni AMZNUSDT	259.56	0.0100	get 0.0013% / 1h	11m 11s	$93K	$129K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.100%Rate

Funding earned: −$8.04
Price spread: −0.100% → −0.061%: −$3.93
Slippage, 4 orders: −$34.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.85
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 44 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 Bybit live order book, 1 min ago	3.46 bp	12.8 bp −$13	20.9 bp −$209	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	2.50 bp	13.6 bp −$14	444.8 bp −$4,448	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	259.59	−0.088%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.57	−0.096%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	−0.015%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.73	−0.034%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.50	−0.123%	$28K	$174K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.73	−0.035%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	−0.085%	$917K	$2.4M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.66	−0.062%	$1.4M	$3.8M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.60	−0.085%	$197K	$240K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0041%	8h	259.79	−0.012%	$2.9M	$4.7M	20x	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	259.57	−0.096%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.62	−0.077%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.54	−0.108%	$322K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.66	−0.062%	$660	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.52	−0.115%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	−0.081%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDTshort	+0.0100%	1h	259.56	−0.100%	$93K	$129K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.65	−0.065%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.62	−0.076%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0108%	8h	259.73	−0.037%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0122%	1h	259.63	−0.073%	$29.8M	$11.0M	20x	as long as short
Binance AMZNUSDT	+0.0126%	8h	259.71	−0.043%	$16.1M	$29.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0128%	1h	259.65	−0.067%	$498K	$2.7M	10x	as long as short
Bybit AMZNUSDTlong	+0.0138%	8h	259.82	long leg	$3.7M	$3.2M	100x
Nado AMZN-PERP	+0.0141%	1h	259.58	−0.093%	$415K	$112K	20x	as long as short
Phoenix AMZN	+0.0185%	1h	259.71	−0.042%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0208%	1h	259.72	−0.040%	$809K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.44	−0.146%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0246%	8h	259.73	−0.035%	$179K	$204K	20x	as long as short
edgeX AMZNUSDC	+0.0711%	4h	259.69	−0.048%	$28K	$249K	10x	as long as short