Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0382%/8h= −41.8% APRpaid last 24h +0.015%

Price spread now: KuCoin against Deribit−0.023%7-day average −0.029% · 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−$117as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.023%, 7d avg −0.029%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$11 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 -0.001% in total (about -0.1% 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	259.72	0.0482	pay 0.0060% / 1h	20m 13s	$29K	$151K	10x
Short	KuCoin AMZNUSDTM	259.66	0.0100	get 0.0100% / 8h	7h 20m	$1.5M	$423K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$80.24
Price spread: −0.023% → −0.029%: $0.58
Slippage, 4 orders: −$98.91
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$197.57
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from Deribit: live order book, 13 min ago; KuCoin: live order book, 5 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, 13 min ago	0.19 bp	11.7 bp −$12	14.2 bp −$142	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.16 bp	76.2 bp −$76	doesn't fit	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	−0.1600%	1h	259.62	−0.039%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.83	+0.043%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.89	+0.065%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.65	−0.027%	$770K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.91	+0.073%	$4.9M	$4.1M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.90	+0.071%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.008%	$12K	$1.8M	10x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	259.82	+0.038%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0019%	8h	259.89	+0.066%	$16.1M	$29.9M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.74	+0.008%	$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	−0.042%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.65	−0.027%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.64	−0.031%	$29.8M	$11.4M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.45	−0.104%	$321K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.75	+0.012%	$696	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.57	−0.058%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	259.80	+0.031%	$1.4M	$3.5M	10x	as long as short
BloFin AMZN-USDT	+0.0072%	8h	259.86	+0.054%	$180K	$304K	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.59	−0.050%	$918K	$2.3M	10x	as long as short
KuCoin AMZNUSDTMshort	+0.0100%	8h	259.66	−0.023%	$1.5M	$423K	20x
ApeX Omni AMZNUSDT	+0.0100%	1h	259.52	−0.077%	$93K	$133K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.76	+0.015%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.72	0.000%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0159%	1h	259.54	−0.070%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0184%	1h	259.75	+0.010%	$743K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.146%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.78	+0.023%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0436%	4h	259.67	−0.018%	$28K	$249K	10x	as long as short
Deribit AMZN_USDC-PERPETUALlong	+0.0482%	1h	259.72	long leg	$29K	$151K	10x
Bybit AMZNUSDT	+0.0513%	8h	260.05	+0.127%	$4.3M	$3.5M	100x	as long as short