Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.035%

Price spread now: Bitget against Polymarket Perps+0.058%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.058%, 7d avg +0.084%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.026% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AMZN-USD	259.58	0.0050	pay 0.0006% / 1h	53m 13s	$321K	$292K	10x
Short	Bitget AMZNUSDT	259.73	0	get 0.0000% / 8h	53m 13s	$4.9M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$10.5
Price spread: +0.058% → +0.084%: −$2.64
Slippage, 4 orders: −$14.88
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.02
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 49 min ago; Bitget: live order book, 5 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 Polymarket Perps live order book, 49 min ago	1.93 bp	8.1 bp −$8	8.4 bp −$84	10.0 bp −$1,005	doesn't fit
Sell Bitget live order book, 5 min ago	1.15 bp	11.0 bp −$11	14.3 bp −$143	36.0 bp −$3,604	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
Aster AMZNUSDT	0.0000%	8h	259.71	+0.049%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.70	+0.046%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.52	−0.023%	$763K	$2.6M	100x	as long as short
Bitget AMZNUSDTshort	0.0000%	8h	259.73	+0.058%	$4.9M	$4.0M	100x
Variational Omni AMZN	0.0000%	8h	259.88	+0.114%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.70	+0.048%	$10K	$1.8M	10x	as long as short
Extended AMZN_24_5-USD	+0.0008%	1h	259.62	+0.014%	$500K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0012%	8h	259.67	+0.035%	$15.9M	$29.9M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.53	−0.019%	$29K	$176K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.68	+0.039%	$726K	$1.5M	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	+0.019%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	−0.004%	—	$104K	25x	as long as short
BloFin AMZN-USDT	+0.0046%	8h	259.68	+0.039%	$177K	$294K	20x	as long as short
Polymarket Perps AMZN-USDlong	+0.0050%	1h	259.58	long leg	$321K	$292K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.57	−0.004%	$688	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.44	−0.054%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.64	+0.023%	$1.4M	$3.6M	10x	as long as short
Hotstuff AMZN-PERP	+0.0056%	1h	259.57	−0.004%	$33K	—	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.66	+0.031%	$911K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.53	−0.019%	$1.5M	$420K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.63	+0.019%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.63	+0.019%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.60	+0.006%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0154%	1h	259.60	+0.008%	$30.0M	$11.2M	20x	as long as short
Bybit AMZNUSDT	+0.0157%	8h	259.86	+0.108%	$4.0M	$3.3M	100x	as long as short
Nado AMZN-PERP	+0.0166%	1h	259.48	−0.039%	$414K	$113K	20x	as long as short
Lighter AMZN	+0.0192%	1h	259.64	+0.025%	$750K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.57	−0.004%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.66	+0.031%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0460%	4h	259.77	+0.074%	$28K	$248K	10x	as long as short