Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0341%/8h= +37.4% APRpaid last 24h +0.218%

Price spread now: edgeX against Lighter RH−0.018%50s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.241% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.018%, 7d avg +0.007%

Together, before fees−0.098%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.007%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour. The two prices were read 50 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 -0.170% in total (about -8.9% 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	Lighter RH AMZN	259.91	0.0032	pay 0.0004% / 1h	38m 32s	$721K	$1.5M	10x
Short	edgeX AMZNUSDC	259.86	0.0374	get 0.0187% / 4h	3h 38m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $71.72
Price spread: −0.018% → +0.007%: −$2.51
Slippage, 4 orders: −$15.12
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $45.08
Costs to cover: 0.241%
Break-even: 2.6 days

Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 14 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 Lighter RH live order book, 4 min ago	1.54 bp	1.8 bp −$2	3.9 bp −$39	doesn't fit	doesn't fit
Sell edgeX live order book, 14 min ago	5.39 bp	10.3 bp −$10	14.8 bp −$148	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	259.84	−0.028%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.73	−0.069%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.93	+0.008%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.88	−0.012%	$14K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.72	−0.073%	$28K	$175K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0019%	8h	259.86	−0.019%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZNlong	+0.0032%	1h	259.91	long leg	$721K	$1.5M	10x
QFEX AMZN-USD	+0.0040%	1h	259.79	−0.046%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.63	−0.108%	$917K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.75	−0.062%	$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	259.80	−0.042%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.78	−0.050%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.79	−0.046%	$669	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	−0.077%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0090%	8h	259.89	−0.006%	$1.8M	$1.1M	—	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.72	−0.073%	$1.5M	$505K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.67	−0.092%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.87	−0.015%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.80	−0.041%	$14K	$510	10x	as long as short
Binance AMZNUSDT	+0.0109%	8h	259.89	−0.008%	$16.1M	$29.7M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0112%	1h	259.79	−0.046%	$29.8M	$11.2M	20x	as long as short
Extended AMZN_24_5-USD	+0.0112%	1h	259.82	−0.036%	$502K	$2.7M	10x	as long as short
Nado AMZN-PERP	+0.0119%	1h	259.82	−0.034%	$414K	$112K	20x	as long as short
Hotstuff AMZN-PERP	+0.0184%	1h	259.80	−0.042%	$33K	—	20x	as long as short
Bybit AMZNUSDT	+0.0186%	8h	259.88	−0.012%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0192%	1h	259.91	+0.001%	$804K	$1.0M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.62	−0.112%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0230%	8h	259.79	−0.046%	$178K	$205K	20x	as long as short
Phoenix AMZN	+0.0277%	1h	259.90	−0.004%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0374%	4h	259.86	−0.018%	$28K	$248K	10x