Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.061%

Price spread now: BloFin against Coinbase International−0.012%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.012%, 7d avg +0.111%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.122% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.111%). If the spread goes back, that is −$12 on $10k: about 3.1 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.099% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMZN-PERP-INTX	259.92	0.0040	pay 0.0005% / 1h	3m 01s	$918K	$2.4M	10x
Short	BloFin AMZN-USDT	259.89	0.0171	get 0.0171% / 8h	3h 03m	$178K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $27.53
Price spread: −0.012% → +0.111%: −$12.25
Slippage, 4 orders: −$5.01
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.73
Costs to cover: 0.270%
Break-even: 10.0 days

Slippage from Coinbase International: live order book, 1 min ago; BloFin: live order book, 18 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 Coinbase International live order book, 1 min ago	1.35 bp	6.9 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell BloFin live order book, 18 min ago	0.19 bp	6.4 bp −$6	8.8 bp −$88	25.5 bp −$2,551	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	259.87	−0.018%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.87	−0.019%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.72	−0.077%	$765K	$2.8M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.94	+0.008%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	−0.023%	$11K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.68	−0.092%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0029%	8h	259.93	+0.002%	$1.8M	$1.1M	—	as long as short
Lighter RH AMZN	+0.0032%	1h	259.86	−0.023%	$724K	$1.6M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.80	−0.046%	$1.4M	$3.7M	10x	as long as short
Coinbase International AMZN-PERP-INTXlong	+0.0040%	1h	259.92	long leg	$918K	$2.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.78	−0.054%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.83	−0.035%	—	$104K	25x	as long as short
Nado AMZN-PERP	+0.0047%	1h	259.76	−0.063%	$414K	$112K	20x	as long as short
Extended AMZN_24_5-USD	+0.0048%	1h	259.84	−0.030%	$501K	$3.1M	10x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.75	−0.065%	$317K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.86	−0.023%	$683	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.62	−0.115%	$1.3M	$1.2M	10x	as long as short
Binance AMZNUSDT	+0.0051%	8h	259.91	−0.004%	$16.0M	$29.9M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0054%	1h	259.87	−0.019%	$29.9M	$11.3M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.085%	$1.5M	$492K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.84	−0.031%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.82	−0.038%	$1K	$320	10x	as long as short
Lighter AMZN	+0.0104%	1h	259.88	−0.015%	$798K	$1.1M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.81	−0.043%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0120%	8h	259.96	+0.015%	$3.7M	$3.2M	100x	as long as short
edgeX AMZNUSDC	+0.0134%	4h	259.81	−0.041%	$28K	$249K	10x	as long as short
Hotstuff AMZN-PERP	+0.0144%	1h	259.84	−0.031%	$33K	—	20x	as long as short
BloFin AMZN-USDTshort	+0.0171%	8h	259.89	−0.012%	$178K	$206K	20x
Injective AMZN/USDC PERP	+0.0220%	1h	259.60	−0.123%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.97	+0.019%	$5K	$78K	20x	as long as short