Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0391%/8h= −42.9% APRpaid last 24h −0.051%

Price spread now: Deribit against BloFin−0.081%57s7-day average −0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.286% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.097%−$10 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.081%, 7d avg −0.054%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.054%). Swap the legs. The two prices were read 57 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 5 days it paid -0.097% in total (about -7.5% 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	259.28	0.0391	pay 0.0391% / 8h	7h 21m	$177K	$215K	20x
Short	Deribit AMZN_USDC-PERPETUAL	259.07	0	get 0.0000% / 1h	21m 53s	$27K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$82.21
Price spread: −0.081% → −0.054%: −$2.67
Slippage, 4 orders: −$9.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$113.47
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from BloFin: live order book, 43 min ago; Deribit: live order book, 52 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, 43 min ago	0.19 bp	6.6 bp −$7	9.0 bp −$90	20.7 bp −$2,069	doesn't fit
Sell Deribit live order book, 52 min ago	0.19 bp	3.7 bp −$4	7.0 bp −$70	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	259.14	−0.052%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.10	−0.069%	$766K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUALshort	0.0000%	1h	259.07	−0.081%	$27K	$173K	10x
Lighter RH AMZN	+0.0032%	1h	259.32	+0.015%	$720K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.08	−0.077%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.11	−0.066%	$309K	$289K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.23	−0.019%	$620	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.12	−0.062%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.26	−0.008%	$1.4M	$4.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.24	−0.015%	$939K	$2.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AMZN_USDT_Perp	+0.0077%	8h	259.42	+0.054%	$12K	$1.8M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.17	−0.042%	$1.5M	$605K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.27	−0.004%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.28	0.000%	$1K	$320	10x	as long as short
Hotstuff AMZN-PERP	+0.0104%	1h	259.21	−0.027%	$33K	—	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.20	−0.029%	$14K	$510	10x	as long as short
edgeX AMZNUSDC	+0.0113%	4h	259.35	+0.027%	$28K	$247K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0124%	8h	259.23	−0.019%	$2.9M	$4.5M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0129%	1h	259.18	−0.039%	$28.6M	$10.6M	20x	as long as short
Nado AMZN-PERP	+0.0196%	1h	259.12	−0.063%	$414K	$122K	20x	as long as short
Bybit AMZNUSDT	+0.0197%	8h	259.39	+0.042%	$3.7M	$3.2M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.14	−0.054%	$75K	$27K	30x	as long as short
Lighter AMZN	+0.0224%	1h	259.28	+0.002%	$826K	$1.1M	20x	as long as short
Bitget AMZNUSDT	+0.0238%	8h	259.33	+0.019%	$4.8M	$3.8M	100x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.25	−0.012%	$197K	$241K	10x	as long as short
Variational Omni AMZN	+0.0269%	8h	259.43	+0.056%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0271%	8h	259.28	+0.001%	$16.1M	$29.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0272%	1h	259.23	−0.020%	$498K	$2.9M	10x	as long as short
Phoenix AMZN	+0.0339%	1h	259.38	+0.039%	$5K	$98K	20x	as long as short
BloFin AMZN-USDTlong	+0.0391%	8h	259.28	long leg	$177K	$215K	20x