Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.061%

Price spread now: Coinbase International against BloFin−0.062%58s7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as 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−$290.286% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.062%, 7d avg −0.111%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.049% dearer against BloFin than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.111%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.099% in total) that is about 3.5 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment. 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	BloFin AMZN-USDT	259.79	0.0231	pay 0.0231% / 8h	3h 41m	$178K	$204K	20x
Short	Coinbase International AMZN-PERP-INTX	259.63	0.0040	get 0.0005% / 1h	41m 26s	$917K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$40.07
Price spread: −0.062% → −0.111%: $4.93
Slippage, 4 orders: −$6.64
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$63.77
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from BloFin: live order book, 49 min ago; Coinbase International: live order book, 2 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 BloFin live order book, 49 min ago	0.19 bp	7.2 bp −$7	10.4 bp −$104	25.8 bp −$2,577	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.31 bp	7.6 bp −$8	9.2 bp −$92	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	259.76	−0.010%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.73	−0.023%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.93	+0.054%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.027%	$14K	$1.8M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0022%	8h	259.89	+0.038%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.91	+0.046%	$721K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.83	+0.015%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTXshort	+0.0040%	1h	259.63	−0.062%	$917K	$2.4M	10x
Arcus AMZN-USD	+0.0040%	1h	259.75	−0.015%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.74	−0.019%	—	$104K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff AMZN-PERP	+0.0048%	1h	259.83	+0.015%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.77	−0.008%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.86	+0.027%	$668	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	−0.031%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0088%	8h	259.87	+0.031%	$1.8M	$1.1M	—	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0097%	1h	259.77	−0.008%	$28K	$175K	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.68	−0.042%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.67	−0.046%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.89	+0.038%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.85	+0.025%	$14K	$510	10x	as long as short
Binance AMZNUSDT	+0.0112%	8h	259.91	+0.046%	$16.1M	$29.7M	20x	as long as short
Extended AMZN_24_5-USD	+0.0112%	1h	259.84	+0.018%	$498K	$2.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0128%	1h	259.80	+0.004%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0133%	1h	259.76	−0.010%	$414K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0187%	8h	260.05	+0.100%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0208%	1h	259.91	+0.045%	$804K	$1.0M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.11	−0.262%	$75K	$27K	30x	as long as short
BloFin AMZN-USDTlong	+0.0231%	8h	259.79	long leg	$178K	$204K	20x
Phoenix AMZN	+0.0277%	1h	259.90	+0.042%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0817%	4h	259.88	+0.036%	$28K	$247K	10x	as long as short