Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.013%

Price spread now: Injective against KuCoin−0.069%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 46 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.099% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AMZNUSDTM	259.61	0.0100	pay 0.0100% / 8h	4h 07m	$1.5M	$506K	20x
Short	Injective AMZN/USDC PERP	259.43	0.0220	get 0.0028% / 1h	7m 17s	$75K	$27K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.069%Rate

Funding earned: $25.2
Price spread: −0.069% → 0.000%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $6.25
Costs to cover: 0.120%
Break-even: 5.3 days

Slippage unknown: KuCoin: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.

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 KuCoin live order book, 8 min ago	6.36 bp	68.5 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit AMZN_USDC-PERPETUAL	−0.0097%	1h	259.46	−0.058%	$28K	$174K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.59	−0.007%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.54	−0.027%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.065%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.049%	$10K	$1.8M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.73	+0.046%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	−0.004%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0036%	8h	259.77	+0.062%	$2.9M	$4.7M	20x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.66	+0.019%	$1.4M	$3.8M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.60	−0.004%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	−0.015%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.56	−0.019%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.72	+0.042%	$662	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.48	−0.050%	$1.3M	$1.2M	10x	as long as short
Hotstuff AMZN-PERP	+0.0080%	1h	259.63	+0.008%	$33K	—	20x	as long as short
KuCoin AMZNUSDTMlong	+0.0100%	8h	259.61	long leg	$1.5M	$506K	20x
ApeX Omni AMZNUSDT	+0.0100%	1h	259.53	−0.031%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.67	+0.023%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.63	+0.007%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0108%	8h	259.73	+0.044%	$1.8M	$1.1M	—	as long as short
edgeX AMZNUSDC	+0.0118%	4h	259.68	+0.026%	$28K	$248K	10x	as long as short
Extended AMZN_24_5-USD	+0.0120%	1h	259.65	+0.017%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0122%	8h	259.72	+0.042%	$16.1M	$29.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0125%	1h	259.67	+0.023%	$29.8M	$11.0M	20x	as long as short
Nado AMZN-PERP	+0.0136%	1h	259.58	−0.010%	$415K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0140%	8h	259.82	+0.081%	$3.7M	$3.2M	100x	as long as short
Phoenix AMZN	+0.0185%	1h	259.77	+0.062%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0208%	1h	259.72	+0.042%	$804K	$1.1M	20x	as long as short
Injective AMZN/USDC PERPshort	+0.0220%	1h	259.43	−0.069%	$75K	$27K	30x
BloFin AMZN-USDT	+0.0242%	8h	259.72	+0.042%	$179K	$204K	20x	as long as short