Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0569%/8h= +62.3% APRpaid last 24h +0.129%

Price spread now: edgeX against tradeXYZ+0.055%66s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.406% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.055%, 7d avg +0.059%

Together, before fees−0.167%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.239%, so the current rate has only just turned in your favour. The two prices were read 66 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 -0.239% in total (about -12.5% 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	tradeXYZ xyz:AMZN	259.72	0.0050	pay 0.0006% / 1h	0m 24s	$29.9M	$11.5M	20x
Short	edgeX AMZNUSDC	259.86	0.0619	get 0.0309% / 4h	1h 00m	$28K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $119.48
Price spread: +0.055% → +0.059%: −$0.43
Slippage, 4 orders: −$13.65
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $78.4
Costs to cover: 0.406%
Break-even: 2.4 days

Slippage from tradeXYZ: live order book, 9 min ago; edgeX: live order book, 62 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 tradeXYZ live order book, 9 min ago	0.58 bp	10.1 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	5.40 bp	10.3 bp −$10	14.5 bp −$145	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	259.79	+0.026%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.72	0.000%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.96	+0.092%	$4.8M	$3.9M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.88	+0.061%	$8K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.71	−0.004%	$28K	$174K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.94	+0.085%	$733K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.83	+0.042%	$1.4M	$3.8M	10x	as long as short
Hotstuff AMZN-PERP	+0.0040%	1h	259.81	+0.035%	$33K	—	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.70	−0.008%	$924K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.78	+0.023%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.73	+0.004%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZNlong	+0.0050%	1h	259.72	long leg	$29.9M	$11.5M	20x
Polymarket Perps AMZN-USD	+0.0050%	1h	259.72	0.000%	$321K	$280K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.86	+0.054%	$653	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.58	−0.054%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0053%	8h	259.87	+0.058%	$2.9M	$4.6M	20x	as long as short
Nado AMZN-PERP	+0.0075%	1h	259.79	+0.025%	$415K	$118K	20x	as long as short
Bybit AMZNUSDT	+0.0083%	8h	259.90	+0.069%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.73	+0.004%	$1.5M	$545K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.70	−0.008%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.83	+0.042%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.77	+0.019%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0120%	1h	259.93	+0.081%	$823K	$1.1M	20x	as long as short
Variational Omni AMZN	+0.0128%	8h	259.94	+0.085%	$1.8M	$1.1M	—	as long as short
Extended AMZN_24_5-USD	+0.0144%	1h	259.84	+0.046%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0145%	8h	259.85	+0.049%	$16.1M	$29.6M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.54	−0.069%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.82	+0.039%	$5K	$77K	20x	as long as short
BloFin AMZN-USDT	+0.0266%	8h	259.79	+0.027%	$179K	$204K	20x	as long as short
edgeX AMZNUSDCshort	+0.0619%	4h	259.86	+0.055%	$28K	$249K	10x