Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.015%

Price spread now: QFEX against Aster−0.036%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.036%, 7d avg −0.012%

Together, before fees+0.022%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.024% cheaper against Aster than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.012%). If the spread goes back, that is −$2 on $10k: about 42 hours of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.024% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AMZNUSDT	259.80	0	get 0.0000% / 8h	1h 41m	$203K	$211K	20x
Short	QFEX AMZN-USD	259.71	0.0045	get 0.0006% / 1h	41m 49s	$1.4M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $9.46
Price spread: −0.036% → −0.012%: −$2.37
Slippage, 4 orders: −$84.89
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$95.8
Costs to cover: 1.029%
Break-even: 77.9 days

Slippage from Aster: live order book, 65 min ago; QFEX: live order book, 7 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 Aster live order book, 65 min ago	3.27 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.54 bp	6.5 bp −$7	7.5 bp −$75	13.7 bp −$1,369	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 AMZNUSDTlong	0.0000%	8h	259.80	long leg	$203K	$211K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	259.83	+0.011%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.65	−0.059%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.93	+0.049%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.81	+0.001%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.85	+0.018%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.64	−0.063%	$29K	$176K	10x	as long as short
Binance AMZNUSDT	+0.0007%	8h	259.87	+0.026%	$15.9M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0008%	1h	259.80	−0.002%	$502K	$3.1M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.73	−0.028%	$911K	$2.3M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AMZN-USDT	+0.0029%	8h	259.81	+0.003%	$177K	$206K	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.87	+0.026%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.68	−0.047%	$197K	$240K	10x	as long as short
QFEX AMZN-USDshort	+0.0045%	1h	259.71	−0.036%	$1.4M	$3.6M	10x
Vest AMZN-USD-PERP	+0.0046%	1h	259.74	−0.024%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.74	−0.024%	$30.0M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.63	−0.066%	$321K	$291K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.79	−0.005%	$683	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.50	−0.116%	$1.3M	$1.2M	10x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	259.72	−0.032%	$33K	—	20x	as long as short
Bybit AMZNUSDT	+0.0091%	8h	259.88	+0.030%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.74	−0.024%	$1.5M	$455K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.66	−0.055%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.76	−0.016%	$1K	$320	10x	as long as short
Lighter AMZN	+0.0104%	1h	259.86	+0.020%	$750K	$1.3M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.75	−0.020%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0124%	1h	259.73	−0.029%	$415K	$113K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.53	−0.105%	$75K	$27K	30x	as long as short
edgeX AMZNUSDC	+0.0243%	4h	259.73	−0.026%	$28K	$250K	10x	as long as short
Phoenix AMZN	+0.0308%	1h	259.82	+0.007%	$5K	$78K	20x	as long as short