Funding you earn now, next payment 04:00 UTC+0.0237%/8h= +26.0% APRnext payment +$0.30 per $10,000 · paid last 24h +0.038%
Price spread now: Phoenix against Coinbase International+0.065%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.065% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. 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 | Coinbase International AMZN-PERP-INTX | 259.63 | 0.0040 | pay 0.0005% / 1h | 44m 09s | $917K | $2.4M | 10x |
| Short | Phoenix AMZN | 259.80 | 0.0277 | get 0.0035% / 1h | 44m 09s | $5K | $78K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.8
- Price spread: +0.065% → 0.000%
- $6.55
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $39.35
- Costs to cover
- 0.170%
- Break-even
- 1.5 days
Slippage unknown: Coinbase International: 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 Coinbase International live order book, 5 min ago | 2.12 bp | 7.1 bp −$7 | 8.9 bp −$89 | 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 | +0.018% | $203K | $211K | 20x | as long as short |
| Gate AMZN_USDT | 0.0000% | 8h | 259.74 | +0.042% | $764K | $2.7M | 100x | as long as short |
| Bitget AMZNUSDT | 0.0000% | 8h | 259.93 | +0.116% | $4.9M | $4.0M | 100x | as long as short |
| GRVT AMZN_USDT_Perp | 0.0000% | 8h | 259.71 | +0.029% | $14K | $1.8M | 10x | as long as short |
| Hotstuff AMZN-PERP | +0.0016% | 1h | 259.77 | +0.054% | $33K | — | 20x | as long as short |
| OKX AMZN-USDT-SWAP | +0.0024% | 8h | 259.89 | +0.100% | $2.9M | $4.7M | 20x | as long as short |
| Lighter RH AMZN | +0.0032% | 1h | 259.91 | +0.108% | $720K | $1.5M | 10x | as long as short |
| QFEX AMZN-USD | +0.0040% | 1h | 259.80 | +0.065% | $1.4M | $3.8M | 10x | as long as short |
| Coinbase International AMZN-PERP-INTXlong | +0.0040% | 1h | 259.63 | long leg | $917K | $2.4M | 10x | |
| Arcus AMZN-USD | +0.0040% | 1h | 259.68 | +0.019% | $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 | 259.69 | +0.023% | — | $104K | 25x | as long as short |
| Polymarket Perps AMZN-USD | +0.0050% | 1h | 259.72 | +0.035% | $323K | $277K | 10x | as long as short |
| SoDEX AMZN-USD | +0.0050% | 1h | 259.83 | +0.077% | $671 | $5K | 10x | as long as short |
| Ondo Perps AMZN-USD.P | +0.0050% | 1h | 259.65 | +0.008% | $1.3M | $1.2M | 10x | as long as short |
| Deribit AMZN_USDC-PERPETUAL | +0.0058% | 1h | 259.74 | +0.042% | $28K | $175K | 10x | as long as short |
| Variational Omni AMZN | +0.0088% | 8h | 259.87 | +0.092% | $1.8M | $1.1M | — | as long as short |
| KuCoin AMZNUSDTM | +0.0100% | 8h | 259.64 | +0.004% | $1.5M | $503K | 20x | as long as short |
| ApeX Omni AMZNUSDT | +0.0100% | 1h | 259.56 | −0.027% | $93K | $129K | 50x | as long as short |
| Orderly PERP_AMZN_USDC_mythos | +0.0100% | 8h | 259.84 | +0.081% | $1K | $320 | 10x | as long as short |
| Aevo AMZN-PERP | +0.0104% | 1h | 259.77 | +0.056% | $14K | $510 | 10x | as long as short |
| Binance AMZNUSDT | +0.0110% | 8h | 259.91 | +0.107% | $16.1M | $29.7M | 20x | as long as short |
| Extended AMZN_24_5-USD | +0.0112% | 1h | 259.83 | +0.075% | $498K | $2.7M | 10x | as long as short |
| tradeXYZ xyz:AMZN | +0.0123% | 1h | 259.81 | +0.069% | $29.8M | $11.2M | 20x | as long as short |
| Nado AMZN-PERP | +0.0130% | 1h | 259.71 | +0.029% | $414K | $112K | 20x | as long as short |
| Bybit AMZNUSDT | +0.0180% | 8h | 260.05 | +0.162% | $3.7M | $3.2M | 100x | as long as short |
| Lighter AMZN | +0.0200% | 1h | 259.88 | +0.096% | $803K | $1.0M | 20x | as long as short |
| Injective AMZN/USDC PERP | +0.0220% | 1h | 259.11 | −0.200% | $75K | $27K | 30x | as long as short |
| BloFin AMZN-USDT | +0.0230% | 8h | 259.80 | +0.065% | $178K | $205K | 20x | as long as short |
| Phoenix AMZNshort | +0.0277% | 1h | 259.80 | +0.065% | $5K | $78K | 20x | |
| edgeX AMZNUSDC | +0.0749% | 4h | 259.73 | +0.037% | $28K | $249K | 10x | as long as short |
Coinbase International AMZN-PERP-INTX
Phoenix AMZN
Aster AMZNUSDT
Gate AMZN_USDT
Bitget AMZNUSDT
GRVT AMZN_USDT_Perp
OKX AMZN-USDT-SWAP
Lighter RH AMZN
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Deribit AMZN_USDC-PERPETUAL
Variational Omni AMZN
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Binance AMZNUSDT
Extended AMZN_24_5-USD
tradeXYZ xyz:AMZN
Bybit AMZNUSDT
Lighter AMZN
Injective AMZN/USDC PERP
BloFin AMZN-USDT
edgeX AMZNUSDC