Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.067%

Price spread now: QFEX against Hotstuff−0.004%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff AMZN-PERP	259.66	0.0040	pay 0.0005% / 1h	5m 38s	$33K	—	20x
Short	QFEX AMZN-USD	259.65	0.0040	get 0.0005% / 1h	5m 38s	$1.4M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Hotstuff. 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 HotstuffbpFee QFEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$0.08
Price spread: −0.004% → 0.000%: −$0.39
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.47
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 3 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 Hotstuff no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.73 bp	6.7 bp −$7	6.7 bp −$67	11.5 bp −$1,149	doesn't fit

Hotstuff: 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
Deribit AMZN_USDC-PERPETUAL	−0.0058%	1h	259.45	−0.081%	$28K	$174K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.59	−0.026%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.54	−0.046%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.046%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.030%	$10K	$1.8M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.73	+0.027%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	−0.023%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0036%	8h	259.76	+0.039%	$2.9M	$4.7M	20x	as long as short
QFEX AMZN-USDshort	+0.0040%	1h	259.65	−0.004%	$1.4M	$3.8M	10x
Hotstuff AMZN-PERPlong	+0.0040%	1h	259.66	long leg	$33K	—	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.59	−0.027%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	−0.035%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.56	−0.039%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.71	+0.019%	$663	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.48	−0.069%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	−0.019%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.55	−0.042%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.68	+0.008%	$1K	$320	10x	as long as short
Variational Omni AMZN	+0.0102%	8h	259.73	+0.025%	$1.8M	$1.1M	—	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.63	−0.012%	$14K	$510	10x	as long as short
Extended AMZN_24_5-USD	+0.0120%	1h	259.64	−0.008%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0120%	8h	259.72	+0.022%	$16.1M	$29.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0129%	1h	259.69	+0.012%	$29.8M	$11.1M	20x	as long as short
Nado AMZN-PERP	+0.0134%	1h	259.57	−0.033%	$415K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0143%	8h	259.82	+0.062%	$3.7M	$3.2M	100x	as long as short
edgeX AMZNUSDC	+0.0183%	4h	259.68	+0.007%	$28K	$248K	10x	as long as short
Phoenix AMZN	+0.0185%	1h	259.77	+0.042%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0200%	1h	259.71	+0.020%	$803K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.43	−0.089%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0242%	8h	259.72	+0.023%	$179K	$204K	20x	as long as short