Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h −0.228%

Price spread now: Aster against edgeX+0.027%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1051.053% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.027%, 7d avg +0.006%

Together, before fees+0.015%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.022% dearer against edgeX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of +0.006%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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	edgeX AMZNUSDC	259.93	0.0342	pay 0.0171% / 4h	5m 07s	$28K	$249K	10x
Short	Aster AMZNUSDT	260.00	0	get 0.0000% / 8h	5m 07s	$203K	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$71.86
Price spread: +0.027% → +0.006%: $2.2
Slippage, 4 orders: −$88.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$174.92
Costs to cover: 1.053%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; Aster: live order book, 31 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 edgeX live order book, 32 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	2.12 bp	36.1 bp −$36	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	−0.0032%	1h	259.75	−0.071%	$33K	—	20x	as long as short
Aster AMZNUSDTshort	0.0000%	8h	260.00	+0.027%	$203K	$208K	20x
OKX AMZN-USDT-SWAP	0.0000%	8h	259.97	+0.014%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.75	−0.071%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.97	+0.014%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	+0.014%	$10K	$1.8M	10x	as long as short
Variational Omni AMZN	+0.0002%	8h	259.96	+0.012%	$1.8M	$1.1M	—	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.81	−0.047%	$29K	$173K	10x	as long as short
Binance AMZNUSDT	+0.0029%	8h	259.93	−0.001%	$16.0M	$29.5M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.93	−0.001%	$728K	$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
Extended AMZN_24_5-USD	+0.0032%	1h	259.87	−0.026%	$498K	$3.0M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.83	−0.040%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.73	−0.078%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.81	−0.047%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.84	−0.036%	$682	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	−0.086%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.87	−0.024%	$1.4M	$3.6M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0051%	1h	259.84	−0.036%	$30.0M	$11.2M	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.021%	$916K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.75	−0.071%	$1.5M	$392K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.71	−0.086%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.90	−0.013%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.86	−0.027%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0117%	8h	259.95	+0.006%	$178K	$301K	20x	as long as short
Nado AMZN-PERP	+0.0127%	1h	259.66	−0.104%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0168%	1h	259.91	−0.009%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0190%	8h	260.04	+0.041%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.244%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.97	+0.014%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0342%	4h	259.93	long leg	$28K	$249K	10x