Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.3% APRpaid last 24h +0.011%

Price spread now: Arcus against Variational Omni−0.037%50s7-day average −0.086% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now −0.037%, 7d avg −0.086%

Together, before fees−0.145%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Arcus is 0.050% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.086%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMZN	259.93	0.0029	pay 0.0029% / 8h	3h 05m	$1.8M	$1.1M	—
Short	Arcus AMZN-USD	259.83	0.0040	get 0.0005% / 1h	5m 55s	$197K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now −0.037%Rate

Funding earned: $2.4
Price spread: −0.037% → −0.086%: $4.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $2.89
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Arcus: live order book, 47 min ago. 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 Variational Omni RFQ quote, 3 min ago	2.10 bp	doesn't fit	9.9 bp −$99	doesn't fit	doesn't fit
Sell Arcus live order book, 47 min ago	4.43 bp	10.8 bp −$11	12.2 bp −$122	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	259.83	−0.037%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.95	+0.010%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.72	−0.079%	$765K	$2.8M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.95	+0.010%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	+0.017%	$11K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.69	−0.090%	$28K	$175K	10x	as long as short
Variational Omni AMZNlong	+0.0029%	8h	259.93	long leg	$1.8M	$1.1M	—
Lighter RH AMZN	+0.0032%	1h	259.85	−0.029%	$725K	$1.6M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.80	−0.048%	$1.4M	$3.7M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.92	−0.002%	$918K	$2.4M	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-USDshort	+0.0040%	1h	259.83	−0.037%	$197K	$240K	10x
Vest AMZN-USD-PERP	+0.0046%	1h	259.83	−0.037%	—	$104K	25x	as long as short
Nado AMZN-PERP	+0.0047%	1h	259.82	−0.040%	$414K	$112K	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.78	−0.056%	$318K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.86	−0.025%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.65	−0.106%	$1.3M	$1.2M	10x	as long as short
Binance AMZNUSDT	+0.0055%	8h	259.86	−0.026%	$16.0M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0056%	1h	259.79	−0.053%	$501K	$3.1M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0057%	1h	259.79	−0.052%	$29.9M	$11.3M	20x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	259.89	−0.013%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.65	−0.106%	$1.5M	$495K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.81	−0.044%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.84	−0.033%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.81	−0.046%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.87	−0.021%	$799K	$1.1M	20x	as long as short
Bybit AMZNUSDT	+0.0128%	8h	259.93	+0.002%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0176%	8h	259.93	+0.002%	$178K	$206K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.60	−0.125%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	260.01	+0.033%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0401%	4h	259.91	−0.004%	$28K	$248K	10x	as long as short