Settings8H · net · $10k
Funding arb · Price arb /

AMZN

RWAall AMZN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against Phoenix+0.034%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.034% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix AMZN260.550.0215pay 0.0027% / 1h6m 40s$5K$84K20x
ShortLighter AMZN260.640.0264get 0.0033% / 1h6m 40s$731K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Phoenix. 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

Funding earned
$10.32
Price spread: +0.034% → 0.000%
$3.38
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
$6.69
Costs to cover
0.070%
Break-even
2.5 days
Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Lighter live order book, 2 min ago0.58 bp0.8 bp −$12.4 bp −$2468.8 bp −$6,883doesn't fit
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff AMZN-PERP−0.1600%1h260.18−0.142%$33K20xas long as short
Aster AMZNUSDT0.0000%8h260.59+0.014%$204K$209K20xas long as short
Gate AMZN_USDT0.0000%8h260.550.000%$779K$2.6M100xas long as short
Bitget AMZNUSDT0.0000%8h260.71+0.061%$4.9M$4.2M100xas long as short
OKX AMZN-USDT-SWAP+0.0017%8h260.87+0.123%$2.9M$4.7M20xas long as short
Lighter RH AMZN+0.0032%1h260.63+0.031%$717K$1.6M10xas long as short
Vest AMZN-USD-PERP+0.0046%1h260.49−0.023%$104K25xas long as short
Polymarket Perps AMZN-USD+0.0050%1h260.47−0.031%$323K$283K10xas long as short
SoDEX AMZN-USD+0.0050%1h260.63+0.031%$710$5K10xas long as short
Ondo Perps AMZN-USD.P+0.0050%1h260.44−0.042%$1.3M$1.0M10xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX AMZN-USD+0.0063%1h260.65+0.038%$1.4M$3.5M10xas long as short
Coinbase International AMZN-PERP-INTX+0.0064%1h260.38−0.065%$923K$2.3M10xas long as short
Deribit AMZN_USDC-PERPETUAL+0.0096%1h260.52−0.012%$29K$138K10xas long as short
tradeXYZ xyz:AMZN+0.0097%1h260.52−0.012%$30.1M$11.4M20xas long as short
KuCoin AMZNUSDTM+0.0100%8h260.49−0.023%$1.5M$473K20xas long as short
ApeX Omni AMZNUSDT+0.0100%1h260.38−0.065%$93K$140K50xas long as short
Orderly PERP_AMZN_USDC_mythos+0.0100%8h260.63+0.031%$1K$33110xas long as short
Aevo AMZN-PERP+0.0104%1h260.59+0.014%$14K$51010xas long as short
Variational Omni AMZN+0.0123%8h260.68+0.048%$1.8M$1.0Mas long as short
Arcus AMZN-USD+0.0142%1h260.42−0.050%$198K$205K10xas long as short
Extended AMZN_24_5-USD+0.0144%1h260.57+0.007%$501K$3.0M10xas long as short
Binance AMZNUSDT+0.0146%8h260.68+0.050%$16.3M$30.4M20xas long as short
Phoenix AMZNlong+0.0215%1h260.55long leg$5K$84K20x
Injective AMZN/USDC PERP+0.0220%1h260.72+0.065%$75K$27K30xas long as short
Nado AMZN-PERP+0.0226%1h260.49−0.024%$413K$112K20xas long as short
Lighter AMZNshort+0.0264%1h260.64+0.034%$731K$1.3M20x
BloFin AMZN-USDT+0.0265%8h260.70+0.058%$181K$314K20xas long as short
GRVT AMZN_USDT_Perp+0.0294%8h260.64+0.034%$12K$1.8M10xas long as short
Bybit AMZNUSDT+0.0436%8h260.74+0.073%$4.3M$3.5M100xas long as short
edgeX AMZNUSDC+0.0597%4h260.60+0.019%$28K$248K10xas long as short