Funding you earn now, next payment 08:00 UTC+0.0246%/8h= +27.0% APRpaid last 24h +0.041%
Price spread now: Phoenix against OKX−0.042%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.042% cheaper against OKX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.087% in total) that is about 3.4 days. The two prices were read 56 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 0.087% 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 | OKX AMZN-USDT-SWAP | 259.89 | 0 | get 0.0000% / 8h | 7h 20m | $2.8M | $4.8M | 20x |
| Short | Phoenix AMZN | 259.78 | 0.0246 | get 0.0031% / 1h | 20m 27s | $5K | $78K | 20x |
OKX AMZN-USDT-SWAP
Phoenix AMZNFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.73
- Price spread: −0.042% → 0.000%
- −$4.23
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $30.5
- Costs to cover
- 0.170%
- Break-even
- 2.9 days
Slippage unknown: OKX: live order book, 2 min ago; Phoenix: 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 OKX live order book, 2 min ago | 0.19 bp | 8.5 bp −$9 | 24.5 bp −$245 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 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 | 259.62 | −0.104% | $33K | — | 20x | as long as short |
| Aster AMZNUSDT | 0.0000% | 8h | 259.83 | −0.023% | $204K | $209K | 20x | as long as short |
| OKX AMZN-USDT-SWAPlong | 0.0000% | 8h | 259.89 | long leg | $2.8M | $4.8M | 20x | |
| Gate AMZN_USDT | 0.0000% | 8h | 259.64 | −0.096% | $770K | $2.6M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.86 | −0.012% | $4.9M | $4.1M | 100x | as long as short |
| Variational Omni AMZN | 0.0000% | 8h | 259.90 | +0.006% | $1.8M | $1.1M | — | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 259.74 | −0.058% | $12K | $1.8M | 10x | as long as short |
| Extended AMZN_24_5-USD | +0.0016% | 1h | 259.81 | −0.031% | $501K | $3.0M | 10x | as long as short |
| Binance AMZNUSDT | +0.0019% | 8h | 259.89 | −0.002% | $16.1M | $29.9M | 20x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.73 | −0.062% | $718K | $1.6M | 10x | as long as short |
Hotstuff AMZN-PERP
Aster AMZNUSDT
Gate AMZN_USDT
Bitget AMZNUSDT
Variational Omni AMZN
GRVT AMZN_USDT_Perp
Extended AMZN_24_5-USD
Binance AMZNUSDT
Lighter RH AMZNShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus AMZN-USD | +0.0040% | 1h | 259.61 | −0.108% | $197K | $233K | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.65 | −0.092% | — | $104K | 25x | as long as short |
| tradeXYZ xyz:AMZN | +0.0050% | 1h | 259.63 | −0.100% | $29.8M | $11.4M | 20x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.45 | −0.169% | $321K | $282K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.76 | −0.050% | $696 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.57 | −0.123% | $1.3M | $1.1M | 10x | as long as short |
| QFEX AMZN-USD | +0.0052% | 1h | 259.80 | −0.035% | $1.4M | $3.5M | 10x | as long as short |
| BloFin AMZN-USDT | +0.0072% | 8h | 259.86 | −0.012% | $180K | $304K | 20x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0088% | 1h | 259.59 | −0.115% | $918K | $2.3M | 10x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.62 | −0.104% | $1.5M | $423K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.52 | −0.142% | $93K | $133K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.72 | −0.065% | $1K | $331 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.68 | −0.079% | $14K | $510 | 10x | as long as short |
| Nado AMZN-PERP | +0.0154% | 1h | 259.54 | −0.134% | $414K | $114K | 20x | as long as short |
| Lighter AMZN | +0.0184% | 1h | 259.74 | −0.058% | $743K | $1.3M | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 260.10 | +0.081% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNshort | +0.0246% | 1h | 259.78 | −0.042% | $5K | $78K | 20x | |
| Deribit AMZN_USDC-PERPETUAL | +0.0328% | 1h | 259.68 | −0.081% | $29K | $151K | 10x | as long as short |
| edgeX AMZNUSDC | +0.0436% | 4h | 259.67 | −0.083% | $28K | $249K | 10x | as long as short |
| Bybit AMZNUSDT | +0.0513% | 8h | 259.96 | +0.027% | $4.3M | $3.5M | 100x | as long as short |
Arcus AMZN-USD
Vest AMZN-USD-PERP
tradeXYZ xyz:AMZN
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USD
BloFin AMZN-USDT
Coinbase International AMZN-PERP-INTX
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
Nado AMZN-PERP
Lighter AMZN
Injective AMZN/USDC PERP
Deribit AMZN_USDC-PERPETUAL
edgeX AMZNUSDC
Bybit AMZNUSDT