Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.036%

Price spread now: Nado against Gate−0.028%7-day average +0.015% · 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−$60as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.028%, 7d avg +0.015%

Together, before fees−0.020%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.015%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.038% in total (about -3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AMZN_USDT	260.51	0	get 0.0000% / 8h	6h 11m	$779K	$2.6M	100x
Short	Nado AMZN-PERP	260.44	0.0230	get 0.0029% / 1h	11m 23s	$413K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.028%Rate

Funding earned: $48.38
Price spread: −0.028% → +0.015%: −$4.28
Slippage, 4 orders: −$34.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.02
Costs to cover: 0.561%
Break-even: 8.7 days

Slippage from Gate: live order book, 5 min ago; Nado: live order book, 39 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 Gate live order book, 5 min ago	4.99 bp	13.6 bp −$14	41.5 bp −$415	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	1.73 bp	11.6 bp −$12	39.9 bp −$399	doesn't fit	doesn't fit

AMZN on 30 exchanges

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	260.56	+0.018%	$204K	$209K	20x	as long as short
Gate AMZN_USDTlong	0.0000%	8h	260.51	long leg	$779K	$2.6M	100x
Bitget AMZNUSDT	0.0000%	8h	260.69	+0.069%	$4.9M	$4.2M	100x	as long as short
OKX AMZN-USDT-SWAP	+0.0014%	8h	260.72	+0.081%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.59	+0.031%	$717K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.45	−0.023%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.48	−0.012%	$323K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.56	+0.019%	$704	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.29	−0.084%	$1.3M	$1.0M	10x	as long as short
QFEX AMZN-USD	+0.0063%	1h	260.55	+0.015%	$1.4M	$3.5M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.38	−0.050%	$923K	$2.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	260.47	−0.015%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.47	−0.015%	$1.5M	$469K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.38	−0.050%	$93K	$140K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.63	+0.046%	$1K	$331	10x	as long as short
tradeXYZ xyz:AMZN	+0.0103%	1h	260.49	−0.008%	$30.1M	$11.5M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.56	+0.018%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0117%	8h	260.61	+0.036%	$1.8M	$1.0M	—	as long as short
Binance AMZNUSDT	+0.0142%	8h	260.66	+0.059%	$16.3M	$30.3M	20x	as long as short
Arcus AMZN-USD	+0.0142%	1h	260.46	−0.019%	$198K	$205K	10x	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	260.56	+0.021%	$501K	$3.0M	10x	as long as short
edgeX AMZNUSDC	+0.0195%	4h	260.56	+0.018%	$28K	$250K	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0211%	1h	260.51	0.000%	$29K	$138K	10x	as long as short
Phoenix AMZN	+0.0215%	1h	260.57	+0.023%	$5K	$84K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.72	+0.081%	$75K	$27K	30x	as long as short
Nado AMZN-PERPshort	+0.0230%	1h	260.44	−0.028%	$413K	$112K	20x
BloFin AMZN-USDT	+0.0261%	8h	260.62	+0.042%	$181K	$313K	20x	as long as short
Lighter AMZN	+0.0272%	1h	260.63	+0.044%	$731K	$1.3M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0298%	8h	260.61	+0.038%	$12K	$1.8M	10x	as long as short
Bybit AMZNUSDT	+0.0462%	8h	260.75	+0.092%	$4.3M	$3.5M	100x	as long as short