Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0289%/8h= −31.7% APRpaid last 24h −0.015%

Price spread now: Gate against Deribit−0.015%7-day average +0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.144%−$14 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now −0.015%, 7d avg +0.004%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.144% in total (about -10.4% 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	259.67	0.0289	pay 0.0036% / 1h	21m 31s	$29K	$151K	10x
Short	Gate AMZN_USDT	259.63	0	get 0.0000% / 8h	7h 21m	$770K	$2.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: −$60.78
Price spread: −0.015% → +0.004%: −$1.94
Slippage, 4 orders: −$23.21
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.94
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 min ago; Gate: live order book, 1 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, 12 min ago	0.19 bp	11.7 bp −$12	14.2 bp −$142	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.01 bp	15.1 bp −$15	33.5 bp −$335	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	−0.1448%	1h	259.58	−0.035%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.81	+0.052%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.89	+0.085%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDTshort	0.0000%	8h	259.63	−0.015%	$770K	$2.6M	100x
Bitget AMZNUSDT	0.0000%	8h	259.88	+0.081%	$4.9M	$4.1M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.73	+0.021%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.027%	$12K	$1.8M	10x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	259.79	+0.048%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0018%	8h	259.86	+0.073%	$16.1M	$29.9M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.73	+0.023%	$718K	$1.6M	10x	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	259.61	−0.023%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.61	−0.023%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.60	−0.027%	$29.8M	$11.4M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.48	−0.073%	$321K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.75	+0.031%	$699	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.39	−0.108%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.71	+0.015%	$1.4M	$3.5M	10x	as long as short
BloFin AMZN-USDT	+0.0080%	8h	259.81	+0.054%	$179K	$304K	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.59	−0.031%	$918K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.66	−0.004%	$1.5M	$423K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.52	−0.058%	$93K	$133K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.72	+0.019%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.67	0.000%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0154%	1h	259.54	−0.049%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0176%	1h	259.74	+0.026%	$743K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.166%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.66	−0.004%	$5K	$78K	20x	as long as short
Deribit AMZN_USDC-PERPETUALlong	+0.0289%	1h	259.67	long leg	$29K	$151K	10x
edgeX AMZNUSDC	+0.0436%	4h	259.67	+0.001%	$28K	$249K	10x	as long as short
Bybit AMZNUSDT	+0.0493%	8h	259.93	+0.100%	$4.3M	$3.5M	100x	as long as short