Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.125%

Price spread now: edgeX against Polymarket Perps+0.106%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.106%, 7d avg +0.063%

Together, before fees−0.283%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.043% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% 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	Polymarket Perps AMZN-USD	259.23	0.0050	pay 0.0006% / 1h	45m 16s	$304K	$281K	10x
Short	edgeX AMZNUSDC	259.51	0.0410	get 0.0205% / 4h	3h 45m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $75.5
Price spread: +0.106% → +0.063%: $4.34
Slippage, 4 orders: −$18.28
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $44.56
Costs to cover: 0.353%
Break-even: 2.9 days

Slippage from Polymarket Perps: live order book, 27 min ago; edgeX: live order book, 27 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, 27 min ago	1.54 bp	8.5 bp −$9	9.2 bp −$92	10.9 bp −$1,091	doesn't fit
Sell edgeX live order book, 27 min ago	5.79 bp	10.5 bp −$11	15.0 bp −$150	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
Aster AMZNUSDT	0.0000%	8h	259.23	+0.001%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.21	−0.008%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.26	+0.012%	$27K	$178K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.45	+0.085%	$717K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.16	−0.027%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USDlong	+0.0050%	1h	259.23	long leg	$304K	$281K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.36	+0.050%	$613	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.25	+0.008%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.36	+0.050%	$1.4M	$4.4M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.08	−0.058%	$939K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.27	+0.015%	$1.5M	$607K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.25	+0.008%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.39	+0.062%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.31	+0.032%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0136%	8h	259.47	+0.093%	$2.9M	$4.4M	20x	as long as short
Hotstuff AMZN-PERP	+0.0136%	1h	259.33	+0.039%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0201%	1h	259.30	+0.027%	$28.6M	$10.8M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0204%	8h	259.49	+0.102%	$9K	$1.8M	10x	as long as short
Nado AMZN-PERP	+0.0217%	1h	259.22	−0.005%	$414K	$123K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.08	−0.058%	$75K	$27K	30x	as long as short
Bybit AMZNUSDT	+0.0246%	8h	259.48	+0.096%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0248%	1h	259.40	+0.068%	$827K	$1.1M	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.36	+0.050%	$197K	$242K	10x	as long as short
Variational Omni AMZN	+0.0271%	8h	259.39	+0.062%	$1.8M	$1.4M	—	as long as short
Binance AMZNUSDT	+0.0277%	8h	259.40	+0.066%	$16.1M	$30.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0280%	1h	259.35	+0.045%	$497K	$2.9M	10x	as long as short
Bitget AMZNUSDT	+0.0290%	8h	259.42	+0.073%	$4.8M	$3.9M	100x	as long as short
Phoenix AMZN	+0.0339%	1h	259.50	+0.104%	$5K	$98K	20x	as long as short
BloFin AMZN-USDT	+0.0398%	8h	259.40	+0.066%	$178K	$215K	20x	as long as short
edgeX AMZNUSDCshort	+0.0410%	4h	259.51	+0.106%	$28K	$248K	10x