Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against QFEX+0.046%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.046%, 7d avg −0.092%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.138% dearer against QFEX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AMZN-USD	259.80	0.0040	pay 0.0005% / 1h	3m 35s	$1.4M	$3.7M	10x
Short	Coinbase International AMZN-PERP-INTX	259.92	0.0040	get 0.0005% / 1h	3m 35s	$918K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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 QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.092%: $13.84
Slippage, 4 orders: −$7.64
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$13.8
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Coinbase International: 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 QFEX live order book, 5 min ago	1.15 bp	6.2 bp −$6	6.2 bp −$62	13.3 bp −$1,330	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.50 bp	7.5 bp −$8	9.3 bp −$93	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	259.85	+0.020%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.87	+0.027%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.72	−0.031%	$765K	$2.8M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.92	+0.046%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.023%	$11K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.68	−0.046%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0029%	8h	259.93	+0.048%	$1.8M	$1.1M	—	as long as short
Lighter RH AMZN	+0.0032%	1h	259.86	+0.023%	$724K	$1.6M	10x	as long as short
QFEX AMZN-USDlong	+0.0040%	1h	259.80	long leg	$1.4M	$3.7M	10x
Coinbase International AMZN-PERP-INTXshort	+0.0040%	1h	259.92	+0.046%	$918K	$2.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.78	−0.008%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.83	+0.012%	—	$104K	25x	as long as short
Nado AMZN-PERP	+0.0047%	1h	259.76	−0.016%	$414K	$112K	20x	as long as short
Extended AMZN_24_5-USD	+0.0048%	1h	259.81	+0.005%	$501K	$3.1M	10x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.75	−0.019%	$317K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.85	+0.019%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.62	−0.069%	$1.3M	$1.2M	10x	as long as short
Binance AMZNUSDT	+0.0051%	8h	259.89	+0.035%	$16.0M	$29.9M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0055%	1h	259.87	+0.027%	$29.9M	$11.3M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.67	−0.050%	$1.5M	$492K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.84	+0.015%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.82	+0.008%	$1K	$320	10x	as long as short
Lighter AMZN	+0.0104%	1h	259.88	+0.030%	$798K	$1.1M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.78	−0.009%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0120%	8h	259.93	+0.050%	$3.7M	$3.2M	100x	as long as short
edgeX AMZNUSDC	+0.0134%	4h	259.81	+0.005%	$28K	$249K	10x	as long as short
Hotstuff AMZN-PERP	+0.0144%	1h	259.84	+0.015%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0174%	8h	259.86	+0.023%	$178K	$206K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.60	−0.077%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.97	+0.065%	$5K	$78K	20x	as long as short