Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.012%

Price spread now: OKX against Deribit+0.108%56s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.108%, 7d avg +0.056%

Together, before fees−0.209%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.052% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 5 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AMZN_USDC-PERPETUAL	259.50	0	get 0.0000% / 1h	10m 26s	$28K	$174K	10x
Short	OKX AMZN-USDT-SWAP	259.78	0.0039	get 0.0039% / 8h	4h 10m	$2.9M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Deribit. 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 DeribitbpFee OKXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $8.24
Price spread: +0.108% → +0.056%: $5.19
Slippage, 4 orders: −$14.43
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18
Costs to cover: 0.314%
Break-even: 22.3 days

Slippage from Deribit: live order book, 48 min ago; OKX: live order book, 2 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 Deribit live order book, 48 min ago	0.19 bp	9.8 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.19 bp	10.3 bp −$10	17.9 bp −$179	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	259.60	+0.037%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.57	+0.027%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.108%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.73	+0.089%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUALlong	0.0000%	1h	259.50	long leg	$28K	$174K	10x
Lighter RH AMZN	+0.0032%	1h	259.74	+0.092%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	+0.039%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAPshort	+0.0039%	8h	259.78	+0.108%	$2.9M	$4.7M	20x
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	+0.039%	$197K	$240K	10x	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	+0.027%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.62	+0.046%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.56	+0.023%	$323K	$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	+0.008%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.63	+0.050%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.56	+0.023%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.64	+0.054%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.62	+0.047%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0108%	8h	259.73	+0.087%	$1.8M	$1.1M	—	as long as short
tradeXYZ xyz:AMZN	+0.0122%	1h	259.64	+0.054%	$29.8M	$11.0M	20x	as long as short
Binance AMZNUSDT	+0.0125%	8h	259.72	+0.087%	$16.1M	$29.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0128%	1h	259.66	+0.061%	$498K	$2.7M	10x	as long as short
Bybit AMZNUSDT	+0.0138%	8h	259.83	+0.127%	$3.7M	$3.2M	100x	as long as short
Nado AMZN-PERP	+0.0140%	1h	259.58	+0.032%	$415K	$112K	20x	as long as short
Phoenix AMZN	+0.0185%	1h	259.71	+0.081%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0208%	1h	259.73	+0.087%	$809K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.44	−0.023%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0246%	8h	259.73	+0.089%	$179K	$204K	20x	as long as short
edgeX AMZNUSDC	+0.0711%	4h	259.69	+0.075%	$28K	$249K	10x	as long as short