Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.012%

Price spread now: OKX against Extended+0.090%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.090%, 7d avg +0.029%

Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.061% dearer against Extended than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.029%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AMZN_24_5-USD	259.98	0.0320	pay 0.0040% / 1h	54m 58s	$494K	$4.0M	10x
Short	OKX AMZN-USDT-SWAP	260.21	0.0088	get 0.0088% / 8h	4h 54m	$2.9M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Extended. 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 ExtendedbpFee OKXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$48.72
Price spread: +0.090% → +0.029%: $6.08
Slippage, 4 orders: −$16.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.54
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; OKX: 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 Extended live order book, 2 min ago	0.77 bp	6.5 bp −$6	42.5 bp −$425	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.19 bp	10.6 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit

AMZN on 30 exchanges

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	259.98	+0.001%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.06	+0.033%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.91	−0.026%	$827K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0019%	1h	259.90	−0.029%	$37K	$135K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	260.00	+0.009%	$711K	$1.5M	10x	as long as short
QFEX AMZN-USD	+0.0041%	1h	259.99	+0.005%	$1.4M	$3.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.89	−0.033%	—	$104K	25x	as long as short
Bitget AMZNUSDT	+0.0046%	8h	260.06	+0.032%	$5.0M	$5.0M	100x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	260.03	+0.021%	$930K	$2.5M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.90	−0.029%	$30.2M	$11.7M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMZN-USD	+0.0050%	1h	259.91	−0.026%	$317K	$293K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.97	−0.003%	$712	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	−0.103%	$1.3M	$1.0M	10x	as long as short
OKX AMZN-USDT-SWAPshort	+0.0088%	8h	260.21	+0.090%	$2.9M	$4.9M	20x
Lighter AMZN	+0.0088%	1h	260.00	+0.008%	$726K	$1.2M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.93	−0.018%	$1.5M	$534K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.82	−0.060%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.23	+0.097%	$1K	$1K	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.96	−0.005%	$14K	$510	10x	as long as short
Arcus AMZN-USD	+0.0105%	1h	259.84	−0.053%	$197K	$207K	10x	as long as short
Nado AMZN-PERP	+0.0161%	1h	259.92	−0.023%	$404K	$115K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.08	+0.040%	$76K	$23K	30x	as long as short
Phoenix AMZN	+0.0276%	1h	260.18	+0.078%	$5K	$95K	20x	as long as short
Variational Omni AMZN	+0.0298%	8h	260.07	+0.038%	$1.8M	$1.0M	—	as long as short
Binance AMZNUSDT	+0.0318%	8h	260.07	+0.036%	$16.5M	$32.4M	20x	as long as short
Extended AMZN_24_5-USDlong	+0.0320%	1h	259.98	long leg	$494K	$4.0M	10x
Bybit AMZNUSDT	+0.0397%	8h	260.14	+0.063%	$4.3M	$3.7M	100x	as long as short
BloFin AMZN-USDT	+0.0441%	8h	260.20	+0.086%	$184K	$318K	20x	as long as short
edgeX AMZNUSDC	+0.0478%	4h	260.03	+0.020%	$28K	$248K	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0498%	8h	260.08	+0.040%	$17K	$1.8M	10x	as long as short