Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0946%/8h= −103.5% APRpaid last 24h −0.179%

Price spread now: Bitget against edgeX+0.064%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.064%, 7d avg +0.022%

Together, before fees+0.119%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.042% dearer against edgeX than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.022%): +$4 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.205%, 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 0.205% in total (about 10.7% 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	259.74	0.0946	pay 0.0473% / 4h	1h 15m	$28K	$250K	10x
Short	Bitget AMZNUSDT	259.91	0	get 0.0000% / 8h	1h 15m	$4.9M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$198.57
Price spread: +0.064% → +0.022%: $4.19
Slippage, 4 orders: −$19.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$235.12
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from edgeX: live order book, 27 min ago; Bitget: live order book, 3 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, 27 min ago	5.39 bp	10.1 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.54 bp	10.3 bp −$10	14.3 bp −$143	33.9 bp −$3,387	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	259.73	−0.005%	$202K	$207K	20x	as long as short
Extended AMZN_24_5-USD	0.0000%	1h	259.73	−0.004%	$500K	$3.0M	10x	as long as short
Binance AMZNUSDT	0.0000%	8h	259.81	+0.025%	$15.9M	$29.9M	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.87	+0.048%	$2.8M	$4.8M	20x	as long as short
Hotstuff AMZN-PERP	0.0000%	1h	259.76	+0.006%	$33K	—	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.61	−0.052%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDTshort	0.0000%	8h	259.91	+0.064%	$4.9M	$4.0M	100x
Variational Omni AMZN	0.0000%	8h	259.85	+0.039%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.96	+0.083%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.63	−0.044%	$29K	$176K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.67	−0.029%	$911K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.82	+0.029%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.71	−0.013%	$197K	$240K	10x	as long as short
QFEX AMZN-USD	+0.0045%	1h	259.77	+0.010%	$1.4M	$3.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.67	−0.029%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.66	−0.032%	$322K	$294K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.73	−0.005%	$684	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.49	−0.098%	$1.3M	$1.2M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0070%	1h	259.73	−0.005%	$30.0M	$11.3M	20x	as long as short
Bybit AMZNUSDT	+0.0100%	8h	259.96	+0.083%	$3.9M	$3.3M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.68	−0.025%	$1.5M	$434K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.62	−0.048%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.79	+0.018%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.71	−0.011%	$14K	$510	10x	as long as short
Lighter AMZN	+0.0120%	1h	259.80	+0.020%	$750K	$1.3M	20x	as long as short
BloFin AMZN-USDT	+0.0120%	8h	259.80	+0.021%	$177K	$280K	20x	as long as short
Nado AMZN-PERP	+0.0121%	1h	259.66	−0.034%	$414K	$113K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.61	−0.052%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0308%	1h	259.92	+0.068%	$5K	$78K	20x	as long as short
edgeX AMZNUSDClong	+0.0946%	4h	259.74	long leg	$28K	$250K	10x