Funding you earn now, next payment 00:00 UTC−0.0289%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.029%
Price spread now: Polymarket Perps against Phoenix−0.077%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Polymarket Perps is 0.077% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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 -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. 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 | Phoenix AMZN | 259.38 | 0.0339 | pay 0.0042% / 1h | 23m 42s | $5K | $98K | 20x |
| Short | Polymarket Perps AMZN-USD | 259.18 | 0.0050 | get 0.0006% / 1h | 23m 42s | $309K | $289K | 10x |
Phoenix AMZN
Polymarket Perps AMZN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phoenix. 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
- −$60.73
- Price spread: −0.077% → 0.000%
- −$7.71
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$83.44
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 48 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 48 min ago | 1.54 bp | 5.5 bp −$6 | 7.1 bp −$71 | 9.5 bp −$950 | doesn'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 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 AMZNUSDT | 0.0000% | 8h | 259.18 | −0.077% | $203K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.14 | −0.093% | $766K | $2.6M | 100x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.13 | −0.096% | $27K | $173K | 10x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.30 | −0.031% | $720K | $1.5M | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.13 | −0.096% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USDshort | +0.0050% | 1h | 259.18 | −0.077% | $309K | $289K | 10x | |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.24 | −0.054% | $627 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.12 | −0.100% | $1.3M | $1.2M | 10x | as long as short |
| QFEX AMZN-USD | +0.0055% | 1h | 259.27 | −0.042% | $1.4M | $4.3M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0072% | 1h | 259.24 | −0.054% | $939K | $2.4M | 10x | as long as short |
Aster AMZNUSDT
Gate AMZN_USDT
Deribit AMZN_USDC-PERPETUAL
Lighter RH AMZN
Vest AMZN-USD-PERP
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USD
Coinbase International AMZN-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AMZN_USDT_Perp | +0.0081% | 8h | 259.50 | +0.047% | $12K | $1.8M | 10x | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.19 | −0.073% | $1.5M | $605K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.27 | −0.042% | $93K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.32 | −0.023% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.23 | −0.058% | $14K | $510 | 10x | as long as short |
| Hotstuff AMZN-PERP | +0.0120% | 1h | 259.16 | −0.085% | $33K | — | 20x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0127% | 8h | 259.31 | −0.027% | $2.9M | $4.5M | 20x | as long as short |
| tradeXYZ xyz:AMZN | +0.0131% | 1h | 259.16 | −0.085% | $28.6M | $10.6M | 20x | as long as short |
| Bybit AMZNUSDT | +0.0190% | 8h | 259.39 | +0.004% | $3.7M | $3.2M | 100x | as long as short |
| Nado AMZN-PERP | +0.0198% | 1h | 259.12 | −0.101% | $414K | $122K | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.14 | −0.093% | $75K | $27K | 30x | as long as short |
| Lighter AMZN | +0.0224% | 1h | 259.27 | −0.043% | $826K | $1.1M | 20x | as long as short |
| Bitget AMZNUSDT | +0.0242% | 8h | 259.33 | −0.019% | $4.8M | $3.8M | 100x | as long as short |
| Arcus AMZN-USD | +0.0254% | 1h | 259.29 | −0.035% | $197K | $241K | 10x | as long as short |
| Variational Omni AMZN | +0.0269% | 8h | 259.43 | +0.017% | $1.8M | $1.1M | — | as long as short |
| Binance AMZNUSDT | +0.0271% | 8h | 259.27 | −0.042% | $16.1M | $29.8M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0272% | 1h | 259.17 | −0.082% | $498K | $3.1M | 10x | as long as short |
| Phoenix AMZNlong | +0.0339% | 1h | 259.38 | long leg | $5K | $98K | 20x | |
| BloFin AMZN-USDT | +0.0394% | 8h | 259.39 | +0.004% | $177K | $215K | 20x | as long as short |
| edgeX AMZNUSDC | +0.0629% | 4h | 259.45 | +0.029% | $28K | $247K | 10x | as long as short |
GRVT AMZN_USDT_Perp
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
Hotstuff AMZN-PERP
OKX AMZN-USDT-SWAP
tradeXYZ xyz:AMZN
Bybit AMZNUSDT
Nado AMZN-PERP
Injective AMZN/USDC PERP
Lighter AMZN
Bitget AMZNUSDT
Arcus AMZN-USD
Variational Omni AMZN
Binance AMZNUSDT
Extended AMZN_24_5-USD
BloFin AMZN-USDT
edgeX AMZNUSDC