Funding you earn now, next payment 07:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.028%
Price spread now: Phoenix against Extended−0.025%68s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.025% cheaper against Extended than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.098% in total) that is about 43 hours. The two prices were read 68 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 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. 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 | Extended AMZN_24_5-USD | 260.00 | 0.0032 | pay 0.0004% / 1h | 34m 15s | $498K | $3.0M | 10x |
| Short | Phoenix AMZN | 259.93 | 0.0277 | get 0.0035% / 1h | 34m 15s | $5K | $78K | 20x |
Extended AMZN_24_5-USD
Phoenix AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.46
- Price spread: −0.025% → 0.000%
- −$2.51
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.95
- Costs to cover
- 0.120%
- Break-even
- 2.0 days
Slippage unknown: Extended: live order book, 4 min ago; Phoenix: no order-book sample. 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 Extended live order book, 4 min ago | 0.77 bp | 6.8 bp −$7 | 47.9 bp −$479 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 260.03 | +0.015% | $202K | $207K | 20x | as long as short |
| OKX AMZN-USDT-SWAP | 0.0000% | 8h | 260.02 | +0.010% | $2.8M | $4.8M | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.93 | −0.025% | $765K | $2.6M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 260.03 | +0.013% | $4.9M | $4.0M | 100x | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 260.06 | +0.023% | $10K | $1.8M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.88 | −0.044% | $29K | $172K | 10x | as long as short |
| Variational Omni AMZN | +0.0001% | 8h | 260.05 | +0.019% | $1.8M | $1.1M | — | as long as short |
| Binance AMZNUSDT | +0.0030% | 8h | 260.06 | +0.027% | $16.0M | $29.5M | 20x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 260.06 | +0.025% | $734K | $1.6M | 10x | as long as short |
| Extended AMZN_24_5-USDlong | +0.0032% | 1h | 260.00 | long leg | $498K | $3.0M | 10x |
Aster AMZNUSDT
OKX AMZN-USDT-SWAP
Gate AMZN_USDT
Bitget AMZNUSDT
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
Variational Omni AMZN
Binance AMZNUSDT
Lighter RH AMZNShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus AMZN-USD | +0.0040% | 1h | 259.89 | −0.040% | $197K | $240K | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.93 | −0.025% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.89 | −0.040% | $321K | $292K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.99 | −0.002% | $683 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.68 | −0.121% | $1.3M | $1.1M | 10x | as long as short |
| QFEX AMZN-USD | +0.0050% | 1h | 259.97 | −0.010% | $1.4M | $3.6M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0064% | 1h | 259.54 | −0.175% | $915K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:AMZN | +0.0087% | 1h | 259.90 | −0.037% | $30.0M | $11.2M | 20x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.86 | −0.052% | $1.5M | $406K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.78 | −0.083% | $93K | $130K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 260.00 | +0.002% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.98 | −0.007% | $14K | $510 | 10x | as long as short |
| BloFin AMZN-USDT | +0.0120% | 8h | 260.05 | +0.021% | $177K | $301K | 20x | as long as short |
| Nado AMZN-PERP | +0.0171% | 1h | 259.91 | −0.032% | $415K | $113K | 20x | as long as short |
| Hotstuff AMZN-PERP | +0.0184% | 1h | 259.90 | −0.037% | $33K | — | 20x | as long as short |
| Bybit AMZNUSDT | +0.0187% | 8h | 260.16 | +0.063% | $4.0M | $3.3M | 100x | as long as short |
| Lighter AMZN | +0.0216% | 1h | 260.05 | +0.019% | $750K | $1.3M | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.69 | −0.117% | $75K | $27K | 30x | as long as short |
| edgeX AMZNUSDC | +0.0224% | 4h | 259.97 | −0.009% | $28K | $249K | 10x | as long as short |
| Phoenix AMZNshort | +0.0277% | 1h | 259.93 | −0.025% | $5K | $78K | 20x |
Arcus AMZN-USD
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USD
Coinbase International AMZN-PERP-INTX
tradeXYZ xyz:AMZN
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
BloFin AMZN-USDT
Nado AMZN-PERP
Hotstuff AMZN-PERP
Bybit AMZNUSDT
Lighter AMZN
Injective AMZN/USDC PERP
edgeX AMZNUSDC