Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.195%

Price spread now: Nado against edgeX−0.019%7-day average −0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.019%, 7d avg −0.021%

Together, before fees+0.039%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.071%, 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	edgeX AMZNUSDC	259.97	0.0224	pay 0.0112% / 4h	33m 00s	$28K	$249K	10x
Short	Nado AMZN-PERP	259.92	0.0168	get 0.0021% / 1h	33m 00s	$415K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.019%Rate

Funding earned: −$11.78
Price spread: −0.019% → −0.021%: $0.23
Slippage, 4 orders: −$29.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.56
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Nado: 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, 4 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.96 bp	12.1 bp −$12	48.8 bp −$488	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	259.97	−0.001%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.06	+0.034%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.86	−0.043%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.03	+0.023%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	260.06	+0.034%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.88	−0.035%	$29K	$172K	10x	as long as short
Variational Omni AMZN	+0.0001%	8h	260.05	+0.028%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0030%	8h	260.01	+0.017%	$16.0M	$29.5M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.04	+0.027%	$734K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	259.96	−0.004%	$498K	$3.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.90	−0.027%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.94	−0.012%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.88	−0.035%	$321K	$292K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.94	−0.012%	$679	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.68	−0.112%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.97	0.000%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.54	−0.166%	$915K	$2.3M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0081%	1h	259.87	−0.039%	$30.0M	$11.2M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.80	−0.066%	$1.5M	$404K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.87	−0.039%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.00	+0.011%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.97	+0.001%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0120%	8h	260.01	+0.015%	$178K	$301K	20x	as long as short
Nado AMZN-PERPshort	+0.0168%	1h	259.92	−0.019%	$415K	$113K	20x
Hotstuff AMZN-PERP	+0.0184%	1h	259.90	−0.027%	$33K	—	20x	as long as short
Bybit AMZNUSDT	+0.0187%	8h	260.08	+0.042%	$4.0M	$3.3M	100x	as long as short
Lighter AMZN	+0.0216%	1h	259.99	+0.007%	$750K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.69	−0.108%	$75K	$27K	30x	as long as short
edgeX AMZNUSDClong	+0.0224%	4h	259.97	long leg	$28K	$249K	10x
Phoenix AMZN	+0.0277%	1h	259.97	0.000%	$5K	$78K	20x	as long as short