AMZN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.010%

Price spread now: Phoenix against ApeX Omni+0.093%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.093%, 7d avg −0.005%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.098% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.005%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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	ApeX Omni AMZNUSDT	259.08	0.0100	pay 0.0013% / 1h	13m 28s	$92K	$129K	50x
Short	Phoenix AMZN	259.32	0.0309	get 0.0039% / 1h	13m 28s	$5K	$98K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX 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 ApeX OmnibpFee PhoenixbpOrdersPrice spread, now +0.093%Rate

Funding earned: $43.85
Price spread: +0.093% → −0.005%: $9.78
Slippage, 4 orders: −$47.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$10.82
Costs to cover: 0.644%
Break-even: 8.7 days

Slippage from ApeX Omni: live order book, 62 min ago; Phoenix: live order book, 56 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 ApeX Omni live order book, 62 min ago	2.51 bp	23.8 bp −$24	406.1 bp −$4,061	doesn't fit	doesn't fit
Sell Phoenix live order book, 56 min ago	2.70 bp	8.4 bp −$8	17.7 bp −$177	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	259.13	+0.019%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.09	+0.004%	$765K	$2.6M	100x	as long as short
Hotstuff AMZN-PERP	+0.0024%	1h	259.18	+0.039%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.34	+0.100%	$720K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.11	+0.012%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.14	+0.023%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.22	+0.054%	$626	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.99	−0.035%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.24	+0.062%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.20	+0.046%	$940K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.07	−0.004%	$1.5M	$611K	20x	as long as short
ApeX Omni AMZNUSDTlong	+0.0100%	1h	259.08	long leg	$92K	$129K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.28	+0.077%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.24	+0.063%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0135%	8h	259.34	+0.100%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0161%	8h	259.31	+0.090%	$7K	$1.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0182%	1h	259.17	+0.035%	$28.5M	$10.9M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.10	+0.008%	$75K	$27K	30x	as long as short
Nado AMZN-PERP	+0.0243%	1h	259.11	+0.013%	$414K	$123K	20x	as long as short
Variational Omni AMZN	+0.0248%	8h	259.35	+0.102%	$1.8M	$1.4M	—	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0252%	1h	259.23	+0.058%	$27K	$178K	10x	as long as short
Extended AMZN_24_5-USD	+0.0256%	1h	259.24	+0.063%	$497K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0260%	8h	259.29	+0.081%	$16.2M	$30.9M	20x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.10	+0.008%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0292%	8h	259.29	+0.081%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZNshort	+0.0309%	1h	259.32	+0.093%	$5K	$98K	20x
Lighter AMZN	+0.0344%	1h	259.30	+0.084%	$833K	$1.1M	20x	as long as short
Bybit AMZNUSDT	+0.0349%	8h	259.30	+0.085%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0378%	8h	259.34	+0.100%	$178K	$215K	20x	as long as short
edgeX AMZNUSDC	+0.0671%	4h	259.31	+0.088%	$28K	$249K	10x	as long as short