Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0115%/8hpaid last 24h +0.061%

Price spread now: Bybit against Coinbase International+0.066%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.066%, 7d avg +0.125%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.059% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.125%). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AMZN-PERP-INTX	258.68	0.0048	pay 0.0006% / 1h	4m 16s	$944K	$2.6M	10x
Short	Bybit AMZNUSDT	258.85	0.0163	get 0.0163% / 8h	4h 04m	$3.7M	$3.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. 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 Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $24.06
Price spread: +0.066% → +0.125%: −$5.92
Slippage, 4 orders: −$17.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.49
Costs to cover: 0.386%
Break-even: 13.0 days

Slippage from Coinbase International: live order book, 4 min ago; Bybit: live order book, 3 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 Coinbase International live order book, 4 min ago	2.13 bp	7.4 bp −$7	11.9 bp −$119	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.77 bp	12.8 bp −$13	19.3 bp −$193	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
Hotstuff AMZN-PERP	−0.1416%	1h	258.70	+0.008%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	258.78	+0.039%	$200K	$190K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.60	−0.031%	$748K	$2.5M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	258.61	−0.026%	$9K	$1.6M	10x	as long as short
Injective AMZN/USDC PERP	+0.0001%	1h	259.33	+0.251%	$75K	$21K	30x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.82	+0.054%	$714K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0043%	8h	258.77	+0.037%	$1.5M	$1.4M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.56	−0.046%	—	$11K	25x	as long as short
Coinbase International AMZN-PERP-INTXlong	+0.0048%	1h	258.68	long leg	$944K	$2.6M	10x
tradeXYZ xyz:AMZN	+0.0050%	1h	258.68	0.000%	$28.4M	$10.0M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMZN-USD	+0.0050%	1h	258.63	−0.019%	$304K	$310K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.69	+0.004%	$625	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.59	−0.035%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0056%	1h	258.84	+0.062%	$1.4M	$4.3M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0059%	8h	258.75	+0.027%	$2.9M	$4.4M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0059%	1h	258.70	+0.008%	$27K	$274K	10x	as long as short
Binance AMZNUSDT	+0.0070%	8h	258.76	+0.031%	$16.1M	$30.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0072%	1h	258.78	+0.037%	$492K	$2.5M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	258.59	−0.035%	$1.5M	$651K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.50	−0.070%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.78	+0.039%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.77	+0.035%	$14K	$510	10x	as long as short
Phoenix AMZN	+0.0155%	1h	258.47	−0.081%	$5K	$118K	20x	as long as short
Bybit AMZNUSDTshort	+0.0163%	8h	258.85	+0.066%	$3.7M	$3.2M	100x
Nado AMZN-PERP	+0.0186%	1h	258.64	−0.017%	$415K	$126K	20x	as long as short
BloFin AMZN-USDT	+0.0189%	8h	258.75	+0.027%	$184K	$185K	20x	as long as short
Bitget AMZNUSDT	+0.0215%	8h	258.78	+0.039%	$4.7M	$3.9M	100x	as long as short
Arcus AMZN-USD	+0.0242%	1h	258.69	+0.004%	$196K	$238K	10x	as long as short
Lighter AMZN	+0.0264%	1h	258.90	+0.084%	$800K	$1.1M	20x	as long as short
edgeX AMZNUSDC	+0.0631%	4h	258.63	−0.018%	$28K	$247K	10x	as long as short