Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0806%/8h= −88.2% APRpaid last 24h −0.218%

Price spread now: Lighter RH against edgeX+0.005%80s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as 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−$250.252% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.005%, 7d avg −0.006%

Together, before fees+0.118%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.170%, so the current rate has only just turned against you. The two prices were read 80 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 0.170% in total (about 8.9% 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	edgeX AMZNUSDC	260.08	0.0838	pay 0.0419% / 4h	2h 08m	$28K	$248K	10x
Short	Lighter RH AMZN	260.09	0.0032	get 0.0004% / 1h	8m 05s	$726K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$169.21
Price spread: +0.005% → −0.006%: $1.1
Slippage, 4 orders: −$16.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$193.37
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from edgeX: live order book, 39 min ago; Lighter RH: live order book, 5 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 edgeX live order book, 39 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.73 bp	2.1 bp −$2	6.4 bp −$64	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	260.01	−0.025%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.16	+0.032%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.93	−0.057%	$767K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.11	+0.012%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	260.14	+0.026%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.07	−0.003%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.86	−0.084%	$28K	$176K	10x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	260.04	−0.015%	$499K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0017%	8h	260.11	+0.011%	$15.9M	$29.9M	20x	as long as short
QFEX AMZN-USD	+0.0020%	1h	260.04	−0.015%	$1.4M	$3.6M	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	+0.0024%	1h	259.73	−0.134%	$914K	$2.3M	10x	as long as short
Lighter RH AMZNshort	+0.0032%	1h	260.09	+0.005%	$726K	$1.6M	10x
Arcus AMZN-USD	+0.0040%	1h	259.96	−0.045%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.90	−0.068%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.91	−0.065%	$321K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.04	−0.015%	$682	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.81	−0.103%	$1.3M	$1.2M	10x	as long as short
BloFin AMZN-USDT	+0.0063%	8h	260.01	−0.026%	$176K	$205K	20x	as long as short
Hotstuff AMZN-PERP	+0.0072%	1h	259.96	−0.045%	$33K	—	20x	as long as short
Nado AMZN-PERP	+0.0099%	1h	259.88	−0.076%	$414K	$113K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.83	−0.095%	$1.5M	$463K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.87	−0.080%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.06	−0.007%	$1K	$320	10x	as long as short
Bybit AMZNUSDT	+0.0104%	8h	260.16	+0.032%	$3.7M	$3.2M	100x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.02	−0.022%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0137%	1h	259.97	−0.042%	$30.0M	$11.3M	20x	as long as short
Lighter AMZN	+0.0144%	1h	260.08	−0.001%	$747K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.26	+0.070%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	260.04	−0.015%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0838%	4h	260.08	long leg	$28K	$248K	10x