Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.029%

Price spread now: Phoenix against Bybit−0.100%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.100% cheaper against Bybit than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.096% in total) that is about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMZNUSDT	260.06	0.0183	pay 0.0183% / 8h	3h 42m	$3.7M	$3.2M	100x
Short	Phoenix AMZN	259.80	0.0277	get 0.0035% / 1h	42m 51s	$5K	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.100%Rate

Funding earned: $19.73
Price spread: −0.100% → 0.000%: −$10
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.27
Costs to cover: 0.180%
Break-even: 9.9 days

Slippage unknown: Bybit: live order book, 5 min ago; Phoenix: 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, 5 min ago	1.92 bp	10.8 bp −$11	20.7 bp −$207	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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	259.68	−0.144%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.85	−0.081%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.93	−0.050%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	−0.077%	$14K	$1.8M	10x	as long as short
Hotstuff AMZN-PERP	+0.0016%	1h	259.77	−0.112%	$33K	—	20x	as long as short
OKX AMZN-USDT-SWAP	+0.0023%	8h	259.89	−0.065%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.92	−0.054%	$720K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.86	−0.077%	$1.4M	$3.8M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.63	−0.165%	$917K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.71	−0.135%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.71	−0.135%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.74	−0.123%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.86	−0.077%	$665	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.65	−0.158%	$1.3M	$1.2M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0058%	1h	259.75	−0.119%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0088%	8h	259.87	−0.073%	$1.8M	$1.1M	—	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.64	−0.162%	$1.5M	$504K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.63	−0.165%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.87	−0.073%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.83	−0.090%	$14K	$510	10x	as long as short
Binance AMZNUSDT	+0.0111%	8h	259.93	−0.050%	$16.1M	$29.7M	20x	as long as short
Extended AMZN_24_5-USD	+0.0112%	1h	259.86	−0.078%	$498K	$2.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0128%	1h	259.80	−0.100%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0131%	1h	259.72	−0.130%	$414K	$112K	20x	as long as short
Bybit AMZNUSDTlong	+0.0183%	8h	260.06	long leg	$3.7M	$3.2M	100x
Lighter AMZN	+0.0200%	1h	259.90	−0.061%	$804K	$1.0M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.11	−0.365%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0231%	8h	259.79	−0.104%	$178K	$204K	20x	as long as short
Phoenix AMZNshort	+0.0277%	1h	259.80	−0.100%	$5K	$78K	20x
edgeX AMZNUSDC	+0.0749%	4h	259.73	−0.128%	$28K	$249K	10x	as long as short