Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0030%/8hnext payment −$0.04 per $10,000 · paid last 24h +0.020%

Price spread now: Phoenix against Nado+0.049%7-day average −0.024% · 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−$30as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.049%, 7d avg −0.024%

Together, before fees+0.077%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.074% dearer against Nado than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.024%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AMZN-PERP	258.48	0.0185	pay 0.0023% / 1h	1m 14s	$415K	$126K	20x
Short	Phoenix AMZN	258.61	0.0155	get 0.0019% / 1h	1m 14s	$5K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$6.37
Price spread: +0.049% → −0.024%: $7.35
Slippage, 4 orders: −$23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$36.02
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Nado: live order book, 31 min ago; Phoenix: live order book, 24 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, 31 min ago	0.19 bp	11.2 bp −$11	22.5 bp −$225	doesn't fit	doesn't fit
Sell Phoenix live order book, 24 min ago	2.31 bp	8.2 bp −$8	16.9 bp −$169	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	258.51	+0.011%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	258.69	+0.080%	$195K	$190K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.46	−0.009%	$748K	$2.5M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	258.74	+0.100%	$14K	$1.6M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.56	+0.030%	$27K	$274K	10x	as long as short
Injective AMZN/USDC PERP	+0.0001%	1h	258.76	+0.107%	$75K	$21K	30x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.71	+0.088%	$713K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0043%	8h	258.77	+0.113%	$1.5M	$1.4M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.46	−0.009%	—	$11K	25x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	258.68	+0.077%	$944K	$2.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMZN	+0.0050%	1h	258.51	+0.011%	$28.4M	$10.0M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.46	−0.009%	$304K	$310K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.60	+0.046%	$623	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.59	+0.042%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0056%	1h	258.64	+0.061%	$1.4M	$4.3M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0059%	8h	258.67	+0.073%	$2.9M	$4.4M	20x	as long as short
Binance AMZNUSDT	+0.0071%	8h	258.68	+0.076%	$16.1M	$30.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0072%	1h	258.61	+0.050%	$492K	$2.5M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.39	−0.036%	$1.5M	$652K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.62	+0.053%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.63	+0.057%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.61	+0.049%	$14K	$510	10x	as long as short
Phoenix AMZNshort	+0.0155%	1h	258.61	+0.049%	$5K	$118K	20x
Bybit AMZNUSDT	+0.0158%	8h	258.69	+0.080%	$3.7M	$3.2M	100x	as long as short
Nado AMZN-PERPlong	+0.0185%	1h	258.48	long leg	$415K	$126K	20x
BloFin AMZN-USDT	+0.0191%	8h	258.68	+0.077%	$181K	$186K	20x	as long as short
Bitget AMZNUSDT	+0.0213%	8h	258.65	+0.065%	$4.7M	$3.9M	100x	as long as short
Arcus AMZN-USD	+0.0242%	1h	258.44	−0.016%	$196K	$238K	10x	as long as short
Lighter AMZN	+0.0264%	1h	258.77	+0.113%	$800K	$1.1M	20x	as long as short
edgeX AMZNUSDC	+0.0879%	4h	258.78	+0.115%	$28K	$248K	10x	as long as short