Settings8H · net · $10k
Funding arb · Price arb /

AMZN

RWAall AMZN markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AMZN-PERP-INTX259.630.0040pay 0.0005% / 1h44m 09s$917K$2.4M10x
ShortPhoenix AMZN259.800.0277get 0.0035% / 1h44m 09s$5K$78K20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago2.12 bp7.1 bp −$78.9 bp −$89doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster AMZNUSDT0.0000%8h259.68+0.018%$203K$211K20xas long as short
Gate AMZN_USDT0.0000%8h259.74+0.042%$764K$2.7M100xas long as short
Bitget AMZNUSDT0.0000%8h259.93+0.116%$4.9M$4.0M100xas long as short
GRVT AMZN_USDT_Perp0.0000%8h259.71+0.029%$14K$1.8M10xas long as short
Hotstuff AMZN-PERP+0.0016%1h259.77+0.054%$33K20xas long as short
OKX AMZN-USDT-SWAP+0.0024%8h259.89+0.100%$2.9M$4.7M20xas long as short
Lighter RH AMZN+0.0032%1h259.91+0.108%$720K$1.5M10xas long as short
QFEX AMZN-USD+0.0040%1h259.80+0.065%$1.4M$3.8M10xas long as short
Coinbase International AMZN-PERP-INTXlong+0.0040%1h259.63long leg$917K$2.4M10x
Arcus AMZN-USD+0.0040%1h259.68+0.019%$197K$240K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest AMZN-USD-PERP+0.0046%1h259.69+0.023%$104K25xas long as short
Polymarket Perps AMZN-USD+0.0050%1h259.72+0.035%$323K$277K10xas long as short
SoDEX AMZN-USD+0.0050%1h259.83+0.077%$671$5K10xas long as short
Ondo Perps AMZN-USD.P+0.0050%1h259.65+0.008%$1.3M$1.2M10xas long as short
Deribit AMZN_USDC-PERPETUAL+0.0058%1h259.74+0.042%$28K$175K10xas long as short
Variational Omni AMZN+0.0088%8h259.87+0.092%$1.8M$1.1Mas long as short
KuCoin AMZNUSDTM+0.0100%8h259.64+0.004%$1.5M$503K20xas long as short
ApeX Omni AMZNUSDT+0.0100%1h259.56−0.027%$93K$129K50xas long as short
Orderly PERP_AMZN_USDC_mythos+0.0100%8h259.84+0.081%$1K$32010xas long as short
Aevo AMZN-PERP+0.0104%1h259.77+0.056%$14K$51010xas long as short
Binance AMZNUSDT+0.0110%8h259.91+0.107%$16.1M$29.7M20xas long as short
Extended AMZN_24_5-USD+0.0112%1h259.83+0.075%$498K$2.7M10xas long as short
tradeXYZ xyz:AMZN+0.0123%1h259.81+0.069%$29.8M$11.2M20xas long as short
Nado AMZN-PERP+0.0130%1h259.71+0.029%$414K$112K20xas long as short
Bybit AMZNUSDT+0.0180%8h260.05+0.162%$3.7M$3.2M100xas long as short
Lighter AMZN+0.0200%1h259.88+0.096%$803K$1.0M20xas long as short
Injective AMZN/USDC PERP+0.0220%1h259.11−0.200%$75K$27K30xas long as short
BloFin AMZN-USDT+0.0230%8h259.80+0.065%$178K$205K20xas long as short
Phoenix AMZNshort+0.0277%1h259.80+0.065%$5K$78K20x
edgeX AMZNUSDC+0.0749%4h259.73+0.037%$28K$249K10xas long as short