Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.058%

Price spread now: BloFin against Deribit+0.104%57s7-day average +0.054% · 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−$270.269% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.104%, 7d avg +0.054%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.050% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.054%. The two prices were read 57 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 0.097% in total (about 7.3% 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	259.45	−0.0058	get 0.0007% / 1h	5m 52s	$28K	$174K	10x
Short	BloFin AMZN-USDT	259.72	0.0242	get 0.0242% / 8h	4h 05m	$179K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.104%Rate

Funding earned: $62.99
Price spread: +0.104% → +0.054%: $4.98
Slippage, 4 orders: −$7.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $41.09
Costs to cover: 0.269%
Break-even: 2.4 days

Slippage from Deribit: live order book, 53 min ago; BloFin: live order book, 25 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, 53 min ago	0.19 bp	9.8 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell BloFin live order book, 25 min ago	0.19 bp	6.2 bp −$6	10.3 bp −$103	22.6 bp −$2,257	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
Deribit AMZN_USDC-PERPETUALlong	−0.0058%	1h	259.45	long leg	$28K	$174K	10x
Aster AMZNUSDT	0.0000%	8h	259.58	+0.052%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.53	+0.031%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.127%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.110%	$10K	$1.8M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.73	+0.108%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	+0.058%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0036%	8h	259.73	+0.108%	$2.9M	$4.7M	20x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.66	+0.081%	$1.4M	$3.8M	10x	as long as short
Hotstuff AMZN-PERP	+0.0040%	1h	259.67	+0.085%	$33K	—	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.59	+0.054%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	+0.046%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.56	+0.042%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.71	+0.100%	$663	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.48	+0.012%	$1.3M	$1.2M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.60	+0.058%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.53	+0.031%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.68	+0.089%	$1K	$320	10x	as long as short
Variational Omni AMZN	+0.0102%	8h	259.73	+0.106%	$1.8M	$1.1M	—	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.63	+0.069%	$14K	$510	10x	as long as short
edgeX AMZNUSDC	+0.0118%	4h	259.68	+0.088%	$28K	$248K	10x	as long as short
Extended AMZN_24_5-USD	+0.0120%	1h	259.65	+0.076%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0121%	8h	259.72	+0.103%	$16.1M	$29.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0128%	1h	259.68	+0.089%	$29.8M	$11.1M	20x	as long as short
Nado AMZN-PERP	+0.0135%	1h	259.57	+0.047%	$415K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0142%	8h	259.82	+0.143%	$3.7M	$3.2M	100x	as long as short
Phoenix AMZN	+0.0185%	1h	259.77	+0.123%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0200%	1h	259.71	+0.101%	$804K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.43	−0.008%	$75K	$27K	30x	as long as short
BloFin AMZN-USDTshort	+0.0242%	8h	259.72	+0.104%	$179K	$204K	20x