Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.021%

Price spread now: Phoenix against Variational Omni−0.010%54s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 54 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	259.81	0	get 0.0000% / 8h	1h 26m	$1.8M	$1.1M	—
Short	Phoenix AMZN	259.79	0.0308	get 0.0038% / 1h	26m 33s	$5K	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.010%Rate

Funding earned: $64.61
Price spread: −0.010% → 0.000%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $56.65
Costs to cover: 0.070%
Break-even: 0.9 days

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.10 bp	doesn't fit	15.1 bp −$151	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
Hotstuff AMZN-PERP	−0.0048%	1h	259.80	−0.006%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.78	−0.013%	$202K	$207K	20x	as long as short
Extended AMZN_24_5-USD	0.0000%	1h	259.84	+0.011%	$502K	$3.0M	10x	as long as short
Binance AMZNUSDT	0.0000%	8h	259.91	+0.036%	$15.9M	$29.9M	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.89	+0.029%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.68	−0.052%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.91	+0.037%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZNlong	0.0000%	8h	259.81	long leg	$1.8M	$1.1M	—
GRVT AMZN_USDT_Perp	0.0000%	8h	259.80	−0.007%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.75	−0.025%	$29K	$176K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.73	−0.033%	$911K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.90	+0.033%	$726K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.75	−0.025%	$197K	$240K	10x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.83	+0.006%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.77	−0.017%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.83	+0.006%	$30.0M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.70	−0.044%	$321K	$291K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.84	+0.010%	$679	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.61	−0.079%	$1.3M	$1.2M	10x	as long as short
Bybit AMZNUSDT	+0.0079%	8h	259.91	+0.037%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0088%	1h	259.88	+0.025%	$750K	$1.3M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.80	−0.006%	$1.5M	$443K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.75	−0.025%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.85	+0.013%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.80	−0.006%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0105%	1h	259.75	−0.024%	$415K	$113K	20x	as long as short
BloFin AMZN-USDT	+0.0120%	8h	259.94	+0.048%	$177K	$206K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.51	−0.117%	$75K	$27K	30x	as long as short
edgeX AMZNUSDC	+0.0288%	4h	259.82	+0.004%	$28K	$248K	10x	as long as short
Phoenix AMZNshort	+0.0308%	1h	259.79	−0.010%	$5K	$78K	20x