Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.064%

Price spread now: Ondo Perps against Bybit−0.227%7-day average −0.136% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.183%−$18 · spread now −0.227%, 7d avg −0.136%

Together, before fees−0.229%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Ondo Perps is 0.091% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.136%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	260.04	0.0425	pay 0.0425% / 8h	5h 44m	$4.3M	$3.6M	100x
Short	Ondo Perps AMZN-USD.P	259.45	0.0050	get 0.0006% / 1h	44m 07s	$1.3M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.227%Rate

Funding earned: −$78.57
Price spread: −0.227% → −0.136%: −$9.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$103.7
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	0.58 bp	14.8 bp −$15	24.8 bp −$248	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AMZN on 30 exchanges

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
Hotstuff AMZN-PERP	−0.1600%	1h	259.51	−0.204%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.83	−0.082%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.78	−0.100%	$814K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.92	−0.046%	$5.0M	$5.0M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0019%	1h	259.86	−0.069%	$37K	$145K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.92	−0.046%	$710K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.74	−0.115%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.71	−0.127%	$324K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.78	−0.100%	$699	$5K	10x	as long as short
Ondo Perps AMZN-USD.Pshort	+0.0050%	1h	259.45	−0.227%	$1.3M	$1.0M	10x

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMZN	+0.0052%	1h	259.78	−0.100%	$30.1M	$11.6M	20x	as long as short
OKX AMZN-USDT-SWAP	+0.0058%	8h	259.99	−0.019%	$2.9M	$4.9M	20x	as long as short
QFEX AMZN-USD	+0.0061%	1h	259.70	−0.131%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0080%	1h	259.45	−0.227%	$947K	$2.5M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.74	−0.115%	$1.5M	$490K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.47	−0.219%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.87	−0.065%	$1K	$877	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.84	−0.078%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0171%	8h	259.71	−0.125%	$1.8M	$1.0M	—	as long as short
Lighter AMZN	+0.0200%	1h	259.92	−0.045%	$730K	$1.3M	20x	as long as short
Extended AMZN_24_5-USD	+0.0200%	1h	259.88	−0.060%	$503K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0200%	8h	259.96	−0.031%	$16.4M	$32.2M	20x	as long as short
Nado AMZN-PERP	+0.0212%	1h	259.62	−0.162%	$404K	$118K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.23	+0.073%	$76K	$23K	30x	as long as short
Arcus AMZN-USD	+0.0246%	1h	259.82	−0.085%	$197K	$205K	10x	as long as short
Phoenix AMZN	+0.0276%	1h	259.78	−0.100%	$5K	$84K	20x	as long as short
BloFin AMZN-USDT	+0.0319%	8h	259.80	−0.092%	$182K	$303K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0374%	8h	259.74	−0.114%	$9K	$1.8M	10x	as long as short
Bybit AMZNUSDTlong	+0.0425%	8h	260.04	long leg	$4.3M	$3.6M	100x
edgeX AMZNUSDC	+0.0720%	4h	259.73	−0.118%	$28K	$250K	10x	as long as short