Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0578%/8h= −63.3% APRpaid last 24h −0.125%

Price spread now: Polymarket Perps against edgeX−0.052%64s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as 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−$340.343% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.052%, 7d avg −0.063%

Together, before fees+0.229%+ Points / potential airdropedgeX: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.246%, so the current rate has only just turned against you. The two prices were read 64 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 0.246% in total (about 12.8% 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	259.42	0.0628	pay 0.0314% / 4h	2h 56m	$28K	$247K	10x
Short	Polymarket Perps AMZN-USD	259.29	0.0050	get 0.0006% / 1h	56m 04s	$312K	$284K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$121.33
Price spread: −0.052% → −0.063%: $1.1
Slippage, 4 orders: −$17.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$154.53
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from edgeX: live order book, 11 min ago; Polymarket Perps: live order book, 11 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, 11 min ago	5.40 bp	10.4 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	2.89 bp	6.9 bp −$7	6.9 bp −$69	7.7 bp −$774	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	259.26	−0.062%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.19	−0.090%	$767K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.31	−0.044%	$28K	$173K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.47	+0.018%	$729K	$1.5M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.36	−0.025%	$197K	$241K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.26	−0.063%	—	$104K	25x	as long as short
QFEX AMZN-USD	+0.0049%	1h	259.38	−0.017%	$1.4M	$4.3M	10x	as long as short
Polymarket Perps AMZN-USDshort	+0.0050%	1h	259.29	−0.052%	$312K	$284K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.41	−0.006%	$633	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.17	−0.098%	$1.3M	$1.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AMZN_USDT_Perp	+0.0066%	8h	259.47	+0.018%	$14K	$1.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.27	−0.060%	$940K	$2.4M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.23	−0.075%	$1.5M	$603K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.23	−0.075%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.40	−0.009%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.37	−0.022%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0111%	8h	259.39	−0.013%	$2.9M	$4.4M	20x	as long as short
Hotstuff AMZN-PERP	+0.0160%	1h	259.41	−0.006%	$33K	—	20x	as long as short
Bitget AMZNUSDT	+0.0174%	8h	259.46	+0.014%	$4.8M	$3.8M	100x	as long as short
Nado AMZN-PERP	+0.0178%	1h	259.29	−0.052%	$414K	$122K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.79	+0.141%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0240%	1h	259.43	+0.002%	$825K	$1.1M	20x	as long as short
Variational Omni AMZN	+0.0258%	8h	259.43	0.000%	$1.8M	$1.1M	—	as long as short
Bybit AMZNUSDT	+0.0264%	8h	259.48	+0.021%	$3.7M	$3.2M	100x	as long as short
Binance AMZNUSDT	+0.0264%	8h	259.42	−0.002%	$16.1M	$29.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0264%	1h	259.37	−0.022%	$498K	$2.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0264%	1h	259.43	+0.002%	$29.5M	$11.0M	20x	as long as short
Phoenix AMZN	+0.0339%	1h	259.57	+0.056%	$5K	$78K	20x	as long as short
BloFin AMZN-USDT	+0.0384%	8h	259.40	−0.009%	$177K	$214K	20x	as long as short
edgeX AMZNUSDClong	+0.0628%	4h	259.42	long leg	$28K	$247K	10x