Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.045%

Price spread now: Orderly against Lighter−0.020%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.020% cheaper against Lighter than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AMZN	259.57	0.0072	pay 0.0009% / 1h	49m 59s	$824K	$1.1M	20x
Short	Orderly PERP_AMZN_USDC_mythos	259.52	0.0100	get 0.0100% / 8h	5h 49m	$1K	$320	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter. 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 LighterbpFee OrderlybpOrdersPrice spread, now −0.020%Rate

Funding earned: $5.88
Price spread: −0.020% → 0.000%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.16
Costs to cover: 0.060%
Break-even: 9.6 days

Slippage unknown: Lighter: live order book, 6 min ago; Orderly: 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 Lighter live order book, 6 min ago	0.21 bp	0.5 bp $0	2.7 bp −$27	66.5 bp −$6,654	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 29 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	−0.0367%	1h	259.28	−0.113%	$28K	$174K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.48	−0.037%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.36	−0.082%	$761K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.53	−0.017%	$10K	$1.8M	10x	as long as short
Bitget AMZNUSDT	+0.0023%	8h	259.59	+0.007%	$4.8M	$3.8M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.60	+0.010%	$717K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.50	−0.028%	$1.4M	$4.1M	10x	as long as short
Hotstuff AMZN-PERP	+0.0040%	1h	259.48	−0.036%	$33K	—	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.36	−0.082%	$936K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.44	−0.051%	$197K	$240K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.47	−0.040%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.47	−0.040%	$29.8M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.38	−0.074%	$317K	$288K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.51	−0.024%	$635	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.33	−0.094%	$1.3M	$1.2M	10x	as long as short
Nado AMZN-PERP	+0.0064%	1h	259.49	−0.032%	$414K	$118K	20x	as long as short
Lighter AMZNlong	+0.0072%	1h	259.57	long leg	$824K	$1.1M	20x
OKX AMZN-USDT-SWAP	+0.0081%	8h	259.59	+0.007%	$2.9M	$4.5M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.48	−0.036%	$1.5M	$572K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.40	−0.067%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythosshort	+0.0100%	8h	259.52	−0.020%	$1K	$320	10x
Aevo AMZN-PERP	+0.0104%	1h	259.51	−0.025%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0198%	8h	259.60	+0.008%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0205%	8h	259.56	−0.004%	$16.1M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0208%	1h	259.47	−0.040%	$498K	$2.7M	10x	as long as short
Bybit AMZNUSDT	+0.0215%	8h	259.61	+0.014%	$3.8M	$3.2M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.31	−0.101%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.56	−0.005%	$5K	$77K	20x	as long as short
edgeX AMZNUSDC	+0.0792%	4h	259.49	−0.031%	$28K	$248K	10x	as long as short