Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.023%

Price spread now: Bitget against Deribit+0.077%48s7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.077%, 7d avg +0.061%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour. The two prices were read 48 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 5 days it paid -0.072% in total (about -5.6% a year). A funding rate is set anew for every payment. 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	Deribit AMZN_USDC-PERPETUAL	259.32	0	get 0.0000% / 1h	1m 28s	$28K	$173K	10x
Short	Bitget AMZNUSDT	259.52	0.0184	get 0.0184% / 8h	7h 01m	$4.8M	$3.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.077%Rate

Funding earned: $38.64
Price spread: +0.077% → +0.061%: $1.61
Slippage, 4 orders: −$13.77
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $7.48
Costs to cover: 0.328%
Break-even: 5.6 days

Slippage from Deribit: live order book, 7 min ago; Bitget: live order book, 2 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 Deribit live order book, 7 min ago	0.19 bp	7.1 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.96 bp	11.1 bp −$11	14.2 bp −$142	50.4 bp −$5,039	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
Aster AMZNUSDT	0.0000%	8h	259.26	−0.022%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.28	−0.015%	$766K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUALlong	0.0000%	1h	259.32	long leg	$28K	$173K	10x
GRVT AMZN_USDT_Perp	+0.0027%	8h	259.46	+0.053%	$12K	$1.8M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.52	+0.077%	$718K	$1.5M	10x	as long as short
Hotstuff AMZN-PERP	+0.0032%	1h	259.39	+0.027%	$33K	—	20x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.27	−0.019%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.30	−0.008%	$312K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.46	+0.054%	$634	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.32	0.000%	$1.3M	$1.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0055%	1h	259.42	+0.039%	$1.4M	$4.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.27	−0.019%	$940K	$2.4M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.22	−0.039%	$1.5M	$600K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.28	−0.015%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.45	+0.050%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.40	+0.030%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0113%	8h	259.49	+0.066%	$2.9M	$4.4M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0129%	1h	259.40	+0.031%	$29.3M	$10.8M	20x	as long as short
Nado AMZN-PERP	+0.0184%	1h	259.29	−0.011%	$414K	$122K	20x	as long as short
Bitget AMZNUSDTshort	+0.0184%	8h	259.52	+0.077%	$4.8M	$3.8M	100x
Lighter AMZN	+0.0216%	1h	259.48	+0.061%	$826K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.72	+0.154%	$75K	$27K	30x	as long as short
Bybit AMZNUSDT	+0.0229%	8h	259.54	+0.085%	$3.7M	$3.2M	100x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.37	+0.019%	$197K	$241K	10x	as long as short
Variational Omni AMZN	+0.0255%	8h	259.49	+0.066%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0263%	8h	259.48	+0.062%	$16.2M	$29.6M	20x	as long as short
Extended AMZN_24_5-USD	+0.0264%	1h	259.42	+0.037%	$498K	$2.7M	10x	as long as short
Phoenix AMZN	+0.0339%	1h	259.38	+0.023%	$5K	$98K	20x	as long as short
BloFin AMZN-USDT	+0.0383%	8h	259.40	+0.031%	$177K	$214K	20x	as long as short
edgeX AMZNUSDC	+0.0974%	4h	259.45	+0.050%	$28K	$249K	10x	as long as short