Funding you earn now, next payment 07:00 UTC+0.0203%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.035%
Price spread now: Phoenix against tradeXYZ+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.054% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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 | tradeXYZ xyz:AMZN | 259.83 | 0.0074 | pay 0.0009% / 1h | 31m 08s | $30.0M | $11.2M | 20x |
| Short | Phoenix AMZN | 259.97 | 0.0277 | get 0.0035% / 1h | 31m 08s | $5K | $78K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $42.67
- Price spread: +0.054% → 0.000%
- $5.39
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $23.06
- Costs to cover
- 0.250%
- Break-even
- 3.2 days
Slippage unknown: tradeXYZ: live order book, 8 min ago; Phoenix: no order-book sample. 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 tradeXYZ live order book, 8 min ago | 0.38 bp | 9.8 bp −$10 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | 259.92 | +0.034% | $202K | $207K | 20x | as long as short |
| OKX AMZN-USDT-SWAP | 0.0000% | 8h | 260.01 | +0.069% | $2.8M | $4.8M | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.82 | −0.004% | $764K | $2.6M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 260.02 | +0.073% | $4.9M | $4.0M | 100x | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 260.06 | +0.089% | $10K | $1.8M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | 0.0000% | 1h | 259.82 | −0.004% | $29K | $172K | 10x | as long as short |
| Variational Omni AMZN | +0.0001% | 8h | 260.05 | +0.083% | $1.8M | $1.1M | — | as long as short |
| Binance AMZNUSDT | +0.0030% | 8h | 259.99 | +0.061% | $16.0M | $29.5M | 20x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.98 | +0.058% | $733K | $1.6M | 10x | as long as short |
| Extended AMZN_24_5-USD | +0.0032% | 1h | 259.92 | +0.037% | $498K | $3.0M | 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 | 259.88 | +0.019% | $197K | $240K | 10x | as long as short |
| Vest AMZN-USD-PERP | +0.0046% | 1h | 259.86 | +0.012% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.80 | −0.012% | $321K | $290K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.92 | +0.035% | $683 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.70 | −0.050% | $1.3M | $1.1M | 10x | as long as short |
| QFEX AMZN-USD | +0.0050% | 1h | 259.91 | +0.031% | $1.4M | $3.6M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTX | +0.0064% | 1h | 259.54 | −0.112% | $915K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:AMZNlong | +0.0074% | 1h | 259.83 | long leg | $30.0M | $11.2M | 20x | |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.78 | −0.019% | $1.5M | $404K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.83 | 0.000% | $93K | $130K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.95 | +0.046% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.89 | +0.024% | $14K | $510 | 10x | as long as short |
| BloFin AMZN-USDT | +0.0119% | 8h | 260.03 | +0.077% | $178K | $301K | 20x | as long as short |
| edgeX AMZNUSDC | +0.0136% | 4h | 260.01 | +0.071% | $28K | $250K | 10x | as long as short |
| Nado AMZN-PERP | +0.0164% | 1h | 259.80 | −0.012% | $415K | $113K | 20x | as long as short |
| Hotstuff AMZN-PERP | +0.0184% | 1h | 259.90 | +0.027% | $33K | — | 20x | as long as short |
| Bybit AMZNUSDT | +0.0188% | 8h | 260.11 | +0.108% | $4.0M | $3.3M | 100x | as long as short |
| Lighter AMZN | +0.0208% | 1h | 259.96 | +0.050% | $750K | $1.3M | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.69 | −0.054% | $75K | $27K | 30x | as long as short |
| Phoenix AMZNshort | +0.0277% | 1h | 259.97 | +0.054% | $5K | $78K | 20x |
tradeXYZ xyz:AMZN
Phoenix AMZN
Aster AMZNUSDT
OKX AMZN-USDT-SWAP
Gate AMZN_USDT
Bitget AMZNUSDT
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
Variational Omni AMZN
Binance AMZNUSDT
Lighter RH AMZN
Extended AMZN_24_5-USD
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Coinbase International AMZN-PERP-INTX
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
BloFin AMZN-USDT
edgeX AMZNUSDC
Bybit AMZNUSDT
Lighter AMZN
Injective AMZN/USDC PERP