Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0533%/8h= +58.4% APRpaid last 24h +0.210%

Price spread now: edgeX against Coinbase International+0.084%77s7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$380.381% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.326%−$33 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.084%, 7d avg +0.096%

Together, before fees−0.404%+ Points / potential airdropedgeX: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.326%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMZN-PERP-INTX	260.38	0.0064	pay 0.0008% / 1h	6m 10s	$923K	$2.3M	10x
Short	edgeX AMZNUSDC	260.60	0.0597	get 0.0299% / 4h	2h 06m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.084%Rate

Funding earned: $111.99
Price spread: +0.084% → +0.096%: −$1.16
Slippage, 4 orders: −$19.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $72.7
Costs to cover: 0.381%
Break-even: 2.5 days

Slippage from Coinbase International: live order book, 1 min ago; edgeX: 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 Coinbase International live order book, 1 min ago	3.07 bp	9.7 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell edgeX live order book, 44 min ago	5.38 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit

AMZN on 30 exchanges

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	−0.1600%	1h	260.18	−0.077%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.59	+0.079%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.51	+0.050%	$778K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.63	+0.096%	$4.9M	$4.2M	100x	as long as short
OKX AMZN-USDT-SWAP	+0.0017%	8h	260.64	+0.100%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.63	+0.096%	$717K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.48	+0.038%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.39	+0.004%	$323K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.52	+0.054%	$707	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.44	+0.023%	$1.3M	$1.0M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0063%	1h	260.65	+0.104%	$1.4M	$3.5M	10x	as long as short
Coinbase International AMZN-PERP-INTXlong	+0.0064%	1h	260.38	long leg	$923K	$2.3M	10x
tradeXYZ xyz:AMZN	+0.0097%	1h	260.41	+0.012%	$30.1M	$11.4M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.41	+0.012%	$1.5M	$473K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.38	0.000%	$93K	$140K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.55	+0.065%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.54	+0.060%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0123%	8h	260.68	+0.113%	$1.8M	$1.0M	—	as long as short
Arcus AMZN-USD	+0.0142%	1h	260.42	+0.015%	$198K	$205K	10x	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	260.52	+0.052%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0146%	8h	260.69	+0.121%	$16.3M	$30.4M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0211%	1h	260.44	+0.023%	$29K	$138K	10x	as long as short
Phoenix AMZN	+0.0215%	1h	260.55	+0.065%	$5K	$84K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.72	+0.131%	$75K	$27K	30x	as long as short
Nado AMZN-PERP	+0.0227%	1h	260.50	+0.045%	$413K	$112K	20x	as long as short
Lighter AMZN	+0.0264%	1h	260.66	+0.106%	$731K	$1.3M	20x	as long as short
BloFin AMZN-USDT	+0.0265%	8h	260.70	+0.123%	$181K	$314K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0294%	8h	260.64	+0.099%	$12K	$1.8M	10x	as long as short
Bybit AMZNUSDT	+0.0436%	8h	260.65	+0.104%	$4.3M	$3.5M	100x	as long as short
edgeX AMZNUSDCshort	+0.0597%	4h	260.60	+0.084%	$28K	$248K	10x