Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against Binance−0.096%109s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.459% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 2 days (all we have)+0.085%+$9 · spread now −0.096%, 7d avg −0.057%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you. The two prices were read 109 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	Binance AMZNUSDT	259.65	0.0200	pay 0.0200% / 8h	5h 47m	$16.1M	$29.8M	20x
Short	ApeX Omni AMZNUSDT	259.40	0.0100	get 0.0013% / 1h	47m 38s	$93K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.096%Rate

Funding earned: −$20.91
Price spread: −0.096% → −0.057%: −$3.94
Slippage, 4 orders: −$25.89
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.74
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; ApeX Omni: live order book, 13 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 Binance live order book, 9 min ago	0.19 bp	6.7 bp −$7	11.1 bp −$111	41.4 bp −$4,140	doesn't fit
Sell ApeX Omni live order book, 13 min ago	2.51 bp	14.3 bp −$14	489.0 bp −$4,890	doesn't fit	doesn't fit

AMZN on 29 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	259.57	−0.031%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.44	−0.081%	$762K	$2.7M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.55	−0.038%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.49	−0.062%	$28K	$174K	10x	as long as short
Bitget AMZNUSDT	+0.0019%	8h	259.67	+0.008%	$4.8M	$3.8M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.67	+0.008%	$723K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0033%	1h	259.60	−0.019%	$1.4M	$4.1M	10x	as long as short
Hotstuff AMZN-PERP	+0.0040%	1h	259.53	−0.046%	$33K	—	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.43	−0.085%	$932K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.50	−0.058%	$197K	$240K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.51	−0.054%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.52	−0.050%	$29.8M	$11.3M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.44	−0.081%	$317K	$288K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.58	−0.027%	$639	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.37	−0.108%	$1.3M	$1.2M	10x	as long as short
Nado AMZN-PERP	+0.0067%	1h	259.53	−0.047%	$414K	$118K	20x	as long as short
OKX AMZN-USDT-SWAP	+0.0079%	8h	259.67	+0.008%	$2.9M	$4.5M	20x	as long as short
Lighter AMZN	+0.0080%	1h	259.64	−0.005%	$824K	$1.1M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.50	−0.058%	$1.5M	$570K	20x	as long as short
ApeX Omni AMZNUSDTshort	+0.0100%	1h	259.40	−0.096%	$93K	$130K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.63	−0.008%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.56	−0.034%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0198%	8h	259.60	−0.021%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDTlong	+0.0200%	8h	259.65	long leg	$16.1M	$29.8M	20x
Extended AMZN_24_5-USD	+0.0200%	1h	259.58	−0.028%	$498K	$2.7M	10x	as long as short
Bybit AMZNUSDT	+0.0211%	8h	259.73	+0.031%	$3.8M	$3.2M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.29	−0.139%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0247%	1h	259.59	−0.023%	$5K	$77K	20x	as long as short
edgeX AMZNUSDC	+0.0792%	4h	259.49	−0.060%	$28K	$248K	10x	as long as short