Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0194%/8h= −21.3% APRpaid last 24h −0.035%

Price spread now: Aster against Nado−0.033%7-day average +0.027% · 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−$113as in the Price arb table

costs, in and out, $10k−$1071.068% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.033%, 7d avg +0.027%

Together, before fees+0.104%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.060% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 4.1% 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	Nado AMZN-PERP	260.58	0.0194	pay 0.0024% / 1h	56m 06s	$413K	$114K	20x
Short	Aster AMZNUSDT	260.49	0	get 0.0000% / 8h	6h 56m	$204K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$40.75
Price spread: −0.033% → +0.027%: −$6.03
Slippage, 4 orders: −$91.84
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$153.63
Costs to cover: 1.068%
Break-even: never at this rate

Slippage from Nado: live order book, 37 min ago; Aster: live order book, 35 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 Nado live order book, 37 min ago	1.54 bp	10.4 bp −$10	28.8 bp −$288	doesn't fit	doesn't fit
Sell Aster live order book, 35 min ago	3.27 bp	40.3 bp −$40	doesn't fit	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 AMZNUSDTshort	0.0000%	8h	260.49	−0.033%	$204K	$209K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	260.85	+0.105%	$2.9M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.65	+0.028%	$779K	$2.5M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.87	+0.113%	$4.8M	$4.2M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.73	+0.059%	$720K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0033%	8h	260.88	+0.115%	$1.8M	$1.2M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.64	+0.024%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.60	+0.009%	$323K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.69	+0.044%	$707	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.44	−0.052%	$1.3M	$1.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AMZNUSDT	+0.0062%	8h	260.75	+0.067%	$16.2M	$30.6M	20x	as long as short
QFEX AMZN-USD	+0.0063%	1h	260.79	+0.082%	$1.4M	$3.5M	10x	as long as short
Extended AMZN_24_5-USD	+0.0064%	1h	260.75	+0.065%	$504K	$3.0M	10x	as long as short
Hotstuff AMZN-PERP	+0.0064%	1h	260.52	−0.022%	$33K	—	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.67	+0.036%	$943K	$2.3M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0073%	1h	260.59	+0.005%	$30.0M	$11.6M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.59	+0.005%	$1.5M	$441K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.62	+0.017%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.69	+0.044%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.68	+0.038%	$14K	$510	10x	as long as short
Arcus AMZN-USD	+0.0142%	1h	260.64	+0.024%	$198K	$233K	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0146%	8h	260.80	+0.085%	$12K	$1.8M	10x	as long as short
BloFin AMZN-USDT	+0.0180%	8h	260.85	+0.105%	$179K	$312K	20x	as long as short
Nado AMZN-PERPlong	+0.0194%	1h	260.58	long leg	$413K	$114K	20x
edgeX AMZNUSDC	+0.0207%	4h	260.66	+0.033%	$28K	$250K	10x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.85	+0.105%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0232%	1h	260.74	+0.064%	$744K	$1.3M	20x	as long as short
Phoenix AMZN	+0.0246%	1h	260.74	+0.063%	$5K	$73K	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0249%	1h	260.64	+0.024%	$29K	$139K	10x	as long as short
Bybit AMZNUSDT	+0.0493%	8h	260.78	+0.078%	$4.3M	$3.5M	100x	as long as short