Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h +0.008%

Price spread now: Variational Omni against ApeX Omni+0.098%88s7-day average +0.055% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.098%, 7d avg +0.055%

Together, before fees−0.148%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.043% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.055%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 4 days (−0.052% in total) that is about 3.0 days. The two prices were read 88 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	ApeX Omni AMZNUSDT	259.71	0.0100	pay 0.0013% / 1h	2m 05s	$93K	$130K	50x
Short	Variational Omni AMZN	259.96	0.0002	get 0.0002% / 8h	2m 05s	$1.8M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.098%Rate

Funding earned: −$20.62
Price spread: +0.098% → +0.055%: $4.33
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.3
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 34 min ago; Variational Omni: RFQ quote, 2 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 ApeX Omni live order book, 34 min ago	2.50 bp	14.1 bp −$14	360.7 bp −$3,607	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.12 bp	doesn't fit	13.5 bp −$135	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
Hotstuff AMZN-PERP	−0.0016%	1h	259.78	+0.027%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.00	+0.110%	$203K	$208K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.94	+0.089%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.78	+0.027%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.97	+0.100%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	+0.100%	$10K	$1.8M	10x	as long as short
Variational Omni AMZNshort	+0.0002%	8h	259.96	+0.098%	$1.8M	$1.1M	—
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.73	+0.008%	$29K	$173K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.90	+0.073%	$728K	$1.6M	10x	as long as short
Extended AMZN_24_5-USD	+0.0032%	1h	259.85	+0.055%	$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
Binance AMZNUSDT	+0.0032%	8h	259.92	+0.080%	$16.0M	$29.5M	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.81	+0.039%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.73	+0.008%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.78	+0.027%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.85	+0.054%	$681	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	0.000%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.87	+0.062%	$1.4M	$3.6M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0057%	1h	259.80	+0.035%	$30.0M	$11.2M	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	+0.065%	$916K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.75	+0.015%	$1.5M	$392K	20x	as long as short
ApeX Omni AMZNUSDTlong	+0.0100%	1h	259.71	long leg	$93K	$130K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.90	+0.073%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.84	+0.051%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0126%	8h	259.93	+0.085%	$178K	$301K	20x	as long as short
Nado AMZN-PERP	+0.0128%	1h	259.69	−0.007%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0168%	1h	259.88	+0.064%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0194%	8h	260.05	+0.131%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.158%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.94	+0.089%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0342%	4h	259.93	+0.086%	$28K	$249K	10x	as long as short