Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0827%/8h= −90.6% APRpaid last 24h −0.190%

Price spread now: Variational Omni against edgeX+0.036%89s7-day average +0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.170%+$17 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.036%, 7d avg +0.020%

Together, before fees+0.178%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.170%, so the current rate has only just turned against you. The two prices were read 89 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 4 days it paid 0.170% in total (about 17.5% 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	259.97	0.0875	pay 0.0438% / 4h	3h 14m	$28K	$249K	10x
Short	Variational Omni AMZN	260.06	0.0048	get 0.0048% / 8h	3h 14m	$1.8M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.036%Rate

Funding earned: −$173.74
Price spread: +0.036% → +0.020%: $1.61
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$181.13
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 38 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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, 38 min ago	5.39 bp	10.3 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.10 bp	doesn't fit	12.3 bp −$123	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	260.02	+0.017%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.05	+0.030%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.87	−0.039%	$765K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.06	+0.034%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.99	+0.007%	$11K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.85	−0.047%	$28K	$175K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.01	+0.015%	$725K	$1.6M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.95	−0.008%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.92	−0.020%	$918K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.89	−0.031%	$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	259.92	−0.020%	—	$104K	25x	as long as short
Variational Omni AMZNshort	+0.0048%	8h	260.06	+0.036%	$1.8M	$1.1M	—
Polymarket Perps AMZN-USD	+0.0050%	1h	259.83	−0.054%	$322K	$278K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.95	−0.008%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.78	−0.073%	$1.3M	$1.2M	10x	as long as short
Nado AMZN-PERP	+0.0053%	1h	259.96	−0.004%	$415K	$112K	20x	as long as short
tradeXYZ xyz:AMZN	+0.0058%	1h	259.93	−0.016%	$29.9M	$11.3M	20x	as long as short
Binance AMZNUSDT	+0.0068%	8h	260.02	+0.020%	$16.0M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0072%	1h	259.95	−0.007%	$498K	$3.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.78	−0.073%	$1.5M	$503K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.96	−0.004%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.98	+0.003%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.92	−0.020%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	260.03	+0.023%	$805K	$1.0M	20x	as long as short
Bybit AMZNUSDT	+0.0143%	8h	260.09	+0.046%	$3.7M	$3.2M	100x	as long as short
Hotstuff AMZN-PERP	+0.0176%	1h	259.98	+0.003%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0192%	8h	259.93	−0.016%	$178K	$206K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.258%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	260.00	+0.011%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0875%	4h	259.97	long leg	$28K	$249K	10x