Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.074%

Price spread now: Lighter RH against Bybit−0.012%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.012%, 7d avg −0.036%

Together, before fees−0.130%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.025% dearer against Bybit than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.036%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.070% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% 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	Bybit AMZNUSDT	259.48	0.0243	pay 0.0243% / 8h	7h 45m	$3.7M	$3.2M	100x
Short	Lighter RH AMZN	259.45	0.0032	get 0.0004% / 1h	45m 49s	$717K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$44.35
Price spread: −0.012% → −0.036%: $2.46
Slippage, 4 orders: −$20.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$73.34
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Lighter RH: 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 Bybit live order book, 2 min ago	0.77 bp	13.2 bp −$13	20.3 bp −$203	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.54 bp	2.6 bp −$3	6.2 bp −$62	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	259.25	−0.090%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.22	−0.100%	$765K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.25	−0.089%	$27K	$178K	10x	as long as short
Lighter RH AMZNshort	+0.0032%	1h	259.45	−0.012%	$717K	$1.5M	10x
Vest AMZN-USD-PERP	+0.0046%	1h	259.20	−0.108%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.26	−0.085%	$304K	$281K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.34	−0.054%	$614	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.25	−0.089%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.34	−0.054%	$1.4M	$4.4M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.08	−0.154%	$939K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.29	−0.073%	$1.5M	$607K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.31	−0.066%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.39	−0.035%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.36	−0.047%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0136%	8h	259.47	−0.004%	$2.9M	$4.4M	20x	as long as short
Hotstuff AMZN-PERP	+0.0136%	1h	259.39	−0.035%	$33K	—	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0204%	8h	259.49	+0.006%	$9K	$1.8M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0205%	1h	259.33	−0.058%	$28.6M	$10.8M	20x	as long as short
Nado AMZN-PERP	+0.0220%	1h	259.24	−0.091%	$414K	$123K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.24	−0.092%	$75K	$27K	30x	as long as short
Bybit AMZNUSDTlong	+0.0243%	8h	259.48	long leg	$3.7M	$3.2M	100x
Lighter AMZN	+0.0248%	1h	259.40	−0.030%	$827K	$1.1M	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.39	−0.035%	$197K	$242K	10x	as long as short
Variational Omni AMZN	+0.0271%	8h	259.39	−0.035%	$1.8M	$1.4M	—	as long as short
Binance AMZNUSDT	+0.0278%	8h	259.40	−0.032%	$16.1M	$30.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0280%	1h	259.35	−0.050%	$497K	$2.9M	10x	as long as short
Bitget AMZNUSDT	+0.0291%	8h	259.42	−0.023%	$4.8M	$3.9M	100x	as long as short
Phoenix AMZN	+0.0339%	1h	259.50	+0.008%	$5K	$98K	20x	as long as short
BloFin AMZN-USDT	+0.0398%	8h	259.40	−0.031%	$178K	$215K	20x	as long as short
edgeX AMZNUSDC	+0.0410%	4h	259.51	+0.010%	$28K	$248K	10x	as long as short