Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.027%

Price spread now: Nado against Gate+0.017%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.017%, 7d avg +0.016%

Together, before fees−0.074%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.052% in total (about -5.9% 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	Gate AMZN_USDT	259.31	0	get 0.0000% / 8h	7h 47m	$766K	$2.6M	100x
Short	Nado AMZN-PERP	259.35	0.0216	get 0.0027% / 1h	47m 46s	$414K	$123K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now +0.017%Rate

Funding earned: $45.43
Price spread: +0.017% → +0.016%: $0.13
Slippage, 4 orders: −$29.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$5.6
Costs to cover: 0.512%
Break-even: 7.9 days

Slippage from Gate: live order book, 5 min ago; Nado: live order book, 25 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 Gate live order book, 5 min ago	2.31 bp	13.7 bp −$14	32.7 bp −$327	doesn't fit	doesn't fit
Sell Nado live order book, 25 min ago	1.35 bp	13.0 bp −$13	37.0 bp −$370	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
Aster AMZNUSDT	0.0000%	8h	259.30	−0.004%	$203K	$211K	20x	as long as short
Gate AMZN_USDTlong	0.0000%	8h	259.31	long leg	$766K	$2.6M	100x
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.35	+0.015%	$27K	$178K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.56	+0.096%	$718K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.32	+0.004%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.36	+0.019%	$305K	$279K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.48	+0.066%	$613	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.25	−0.023%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0055%	1h	259.49	+0.069%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0072%	1h	259.08	−0.089%	$939K	$2.7M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AMZN_USDT_Perp	+0.0073%	8h	259.44	+0.052%	$9K	$1.8M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.30	−0.004%	$1.5M	$607K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.26	−0.019%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.56	+0.096%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.47	+0.061%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0136%	8h	259.50	+0.073%	$2.9M	$4.4M	20x	as long as short
Hotstuff AMZN-PERP	+0.0136%	1h	259.48	+0.066%	$33K	—	20x	as long as short
tradeXYZ xyz:AMZN	+0.0207%	1h	259.49	+0.069%	$28.7M	$10.8M	20x	as long as short
Nado AMZN-PERPshort	+0.0216%	1h	259.35	+0.017%	$414K	$123K	20x
Injective AMZN/USDC PERP	+0.0220%	1h	259.24	−0.027%	$75K	$27K	30x	as long as short
Bybit AMZNUSDT	+0.0241%	8h	259.51	+0.077%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0248%	1h	259.56	+0.096%	$827K	$1.1M	20x	as long as short
Arcus AMZN-USD	+0.0254%	1h	259.39	+0.031%	$197K	$242K	10x	as long as short
Variational Omni AMZN	+0.0268%	8h	259.52	+0.081%	$1.8M	$1.4M	—	as long as short
Binance AMZNUSDT	+0.0277%	8h	259.56	+0.096%	$16.2M	$30.8M	20x	as long as short
Extended AMZN_24_5-USD	+0.0280%	1h	259.50	+0.074%	$497K	$2.8M	10x	as long as short
Bitget AMZNUSDT	+0.0291%	8h	259.48	+0.066%	$4.8M	$3.9M	100x	as long as short
Phoenix AMZN	+0.0339%	1h	259.50	+0.073%	$5K	$98K	20x	as long as short
BloFin AMZN-USDT	+0.0396%	8h	259.40	+0.035%	$178K	$215K	20x	as long as short
edgeX AMZNUSDC	+0.0470%	4h	259.40	+0.035%	$28K	$248K	10x	as long as short