Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0922%/8h= −100.9% APRpaid last 24h −0.219%

Price spread now: Lighter RH against edgeX+0.074%7-day average −0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.074%, 7d avg −0.006%

Together, before fees+0.047%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.080% dearer against edgeX than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.006%): +$8 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.191%, 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 0.191% in total (about 10.0% 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	259.88	0.0954	pay 0.0477% / 4h	3h 35m	$28K	$248K	10x
Short	Lighter RH AMZN	260.07	0.0032	get 0.0004% / 1h	35m 00s	$718K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$193.57
Price spread: +0.074% → −0.006%: $8.01
Slippage, 4 orders: −$16.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$211.53
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from edgeX: live order book, 62 min ago; Lighter RH: 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, 62 min ago	5.39 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.12 bp	3.2 bp −$3	9.0 bp −$90	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	259.85	−0.010%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.09	+0.082%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.13	+0.097%	$2.9M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.93	+0.021%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.13	+0.097%	$4.9M	$4.1M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.90	+0.010%	$10K	$1.8M	10x	as long as short
Variational Omni AMZN	+0.0006%	8h	260.15	+0.107%	$1.8M	$1.1M	—	as long as short
Binance AMZNUSDT	+0.0031%	8h	260.09	+0.082%	$16.2M	$29.9M	20x	as long as short
Lighter RH AMZNshort	+0.0032%	1h	260.07	+0.074%	$718K	$1.6M	10x
Extended AMZN_24_5-USD	+0.0032%	1h	260.06	+0.071%	$501K	$3.0M	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	259.92	+0.017%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.87	−0.003%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.78	−0.037%	$321K	$282K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.03	+0.059%	$697	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.84	−0.014%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0052%	1h	260.04	+0.063%	$1.4M	$3.5M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0055%	1h	259.93	+0.021%	$30.0M	$11.3M	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0088%	1h	259.74	−0.053%	$916K	$2.3M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.91	+0.013%	$1.5M	$412K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.85	−0.010%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.11	+0.090%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.03	+0.060%	$14K	$510	10x	as long as short
BloFin AMZN-USDT	+0.0122%	8h	260.12	+0.094%	$179K	$304K	20x	as long as short
Nado AMZN-PERP	+0.0152%	1h	259.88	+0.001%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0176%	1h	260.06	+0.072%	$744K	$1.3M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0212%	1h	259.94	+0.024%	$29K	$173K	10x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.10	+0.086%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	260.03	+0.059%	$5K	$78K	20x	as long as short
Bybit AMZNUSDT	+0.0604%	8h	260.27	+0.151%	$4.1M	$3.4M	100x	as long as short
edgeX AMZNUSDClong	+0.0954%	4h	259.88	long leg	$28K	$248K	10x