Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0003%/8hpaid last 24h −0.020%

Price spread now: QFEX against Binance−0.058%7-day average −0.021% · 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−$29as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 1 day (all we have)+0.033%+$3 · spread now −0.058%, 7d avg −0.021%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AMZNUSDT	259.61	0.0059	pay 0.0059% / 8h	4h 21m	$16.1M	$29.9M	20x
Short	QFEX AMZN-USD	259.46	0.0056	get 0.0007% / 1h	21m 56s	$1.4M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$0.66
Price spread: −0.058% → −0.021%: −$3.67
Slippage, 4 orders: −$5.09
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.42
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; QFEX: live order book, 10 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, 8 min ago	0.19 bp	5.6 bp −$6	8.8 bp −$88	33.4 bp −$3,340	doesn't fit
Sell QFEX live order book, 10 min ago	1.93 bp	6.9 bp −$7	7.5 bp −$75	12.3 bp −$1,230	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	259.40	−0.081%	$192K	$176K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.41	−0.077%	$751K	$2.5M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.42	−0.073%	$8K	$1.5M	10x	as long as short
Injective AMZN/USDC PERP	+0.0001%	1h	259.32	−0.112%	$75K	$21K	30x	as long as short
Hotstuff AMZN-PERP	+0.0024%	1h	259.27	−0.131%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.66	+0.019%	$697K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0035%	8h	259.25	−0.137%	$1.5M	$1.4M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.29	−0.123%	—	$11K	25x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	259.24	−0.143%	$922K	$2.5M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0050%	8h	259.60	−0.004%	$3.0M	$4.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMZN	+0.0050%	1h	259.43	−0.069%	$28.5M	$9.8M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.27	−0.131%	$306K	$308K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.44	−0.065%	$624	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.35	−0.100%	$1.3M	$1.2M	10x	as long as short
Extended AMZN_24_5-USD	+0.0056%	1h	259.61	0.000%	$492K	$2.5M	10x	as long as short
QFEX AMZN-USDshort	+0.0056%	1h	259.46	−0.058%	$1.4M	$4.2M	10x
Binance AMZNUSDTlong	+0.0059%	8h	259.61	long leg	$16.1M	$29.9M	20x
KuCoin AMZNUSDTM	+0.0100%	8h	259.31	−0.116%	$1.5M	$648K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.26	−0.135%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.56	−0.019%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.53	−0.031%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0140%	8h	259.69	+0.031%	$3.7M	$3.1M	100x	as long as short
Phoenix AMZN	+0.0155%	1h	259.39	−0.085%	$5K	$118K	20x	as long as short
Nado AMZN-PERP	+0.0166%	1h	259.25	−0.137%	$418K	$125K	20x	as long as short
BloFin AMZN-USDT	+0.0179%	8h	259.51	−0.039%	$185K	$182K	20x	as long as short
Bitget AMZNUSDT	+0.0207%	8h	259.56	−0.019%	$4.7M	$3.7M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0213%	1h	259.51	−0.039%	$27K	$274K	10x	as long as short
Arcus AMZN-USD	+0.0242%	1h	259.28	−0.127%	$197K	$233K	10x	as long as short
Lighter AMZN	+0.0248%	1h	259.68	+0.026%	$803K	$1.1M	20x	as long as short
edgeX AMZNUSDC	+0.0472%	4h	259.42	−0.072%	$28K	$247K	10x	as long as short