Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.194%

Price spread now: edgeX against Nado+0.109%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.109%, 7d avg +0.022%

Together, before fees−0.088%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.087% dearer against Nado than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.022%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.045% in total (about -4.6% 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	259.54	0.0164	pay 0.0021% / 1h	19m 37s	$414K	$114K	20x
Short	edgeX AMZNUSDC	259.82	0.0471	get 0.0236% / 4h	3h 19m	$28K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.109%Rate

Funding earned: $64.43
Price spread: +0.109% → +0.022%: $8.75
Slippage, 4 orders: −$26.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.97
Costs to cover: 0.422%
Break-even: 3.6 days

Slippage from Nado: live order book, 13 min ago; edgeX: live order book, 13 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, 13 min ago	1.54 bp	10.4 bp −$10	28.8 bp −$288	doesn't fit	doesn't fit
Sell edgeX live order book, 13 min ago	5.77 bp	10.5 bp −$11	14.9 bp −$149	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
Hotstuff AMZN-PERP	−0.1600%	1h	259.45	−0.034%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.83	+0.112%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.92	+0.147%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.71	+0.066%	$770K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.88	+0.132%	$4.9M	$4.1M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.90	+0.141%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.80	+0.099%	$12K	$1.8M	10x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	259.81	+0.104%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0020%	8h	259.87	+0.128%	$16.1M	$29.9M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.75	+0.082%	$718K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.63	+0.035%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.65	+0.043%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.67	+0.051%	$29.8M	$11.4M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.45	−0.034%	$321K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.75	+0.082%	$696	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.60	+0.024%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.82	+0.109%	$1.4M	$3.5M	10x	as long as short
BloFin AMZN-USDT	+0.0072%	8h	259.86	+0.124%	$180K	$304K	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.59	+0.020%	$918K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.66	+0.047%	$1.5M	$423K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.59	+0.020%	$93K	$133K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.76	+0.086%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.72	+0.070%	$14K	$510	10x	as long as short
Nado AMZN-PERPlong	+0.0164%	1h	259.54	long leg	$414K	$114K	20x
Lighter AMZN	+0.0192%	1h	259.76	+0.084%	$743K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.217%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.78	+0.093%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0471%	4h	259.82	+0.109%	$28K	$249K	10x
Deribit AMZN_USDC-PERPETUAL	+0.0482%	1h	259.72	+0.070%	$29K	$151K	10x	as long as short
Bybit AMZNUSDT	+0.0532%	8h	260.01	+0.182%	$4.3M	$3.5M	100x	as long as short