Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0188%/8hpaid last 24h −0.043%

Price spread now: Binance against Lighter+0.011%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 1 day (all we have)−0.014%−$1 · spread now +0.011%, 7d avg −0.010%

Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.021% dearer against Lighter than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.010%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.042% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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	Lighter AMZN	259.64	0.0248	pay 0.0031% / 1h	21m 27s	$802K	$1.1M	20x
Short	Binance AMZNUSDT	259.67	0.0060	get 0.0060% / 8h	4h 21m	$16.1M	$29.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$39.43
Price spread: +0.011% → −0.010%: $2.11
Slippage, 4 orders: −$4.05
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.37
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Binance: live order book, 9 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 Lighter live order book, 8 min ago	1.18 bp	1.4 bp −$1	2.3 bp −$23	59.1 bp −$5,909	doesn't fit
Sell Binance live order book, 9 min ago	0.19 bp	5.6 bp −$6	10.1 bp −$101	33.3 bp −$3,325	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	−0.0024%	1h	259.42	−0.085%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.42	−0.087%	$192K	$176K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.41	−0.089%	$751K	$2.5M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.45	−0.074%	$11K	$1.5M	10x	as long as short
Injective AMZN/USDC PERP	+0.0001%	1h	259.32	−0.124%	$75K	$21K	30x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.59	−0.020%	$697K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0035%	8h	259.25	−0.149%	$1.5M	$1.4M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.38	−0.101%	—	$11K	25x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	259.24	−0.154%	$922K	$2.5M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.45	−0.074%	$28.5M	$9.8M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMZN-USD	+0.0050%	1h	259.47	−0.066%	$306K	$308K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.44	−0.077%	$624	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.35	−0.112%	$1.3M	$1.2M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0051%	8h	259.62	−0.008%	$3.0M	$4.3M	20x	as long as short
Extended AMZN_24_5-USD	+0.0056%	1h	259.62	−0.009%	$492K	$2.5M	10x	as long as short
QFEX AMZN-USD	+0.0056%	1h	259.57	−0.027%	$1.4M	$4.2M	10x	as long as short
Binance AMZNUSDTshort	+0.0060%	8h	259.67	+0.011%	$16.1M	$29.9M	20x
KuCoin AMZNUSDTM	+0.0100%	8h	259.37	−0.104%	$1.5M	$648K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.26	−0.147%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.66	+0.007%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.53	−0.043%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0142%	8h	259.71	+0.027%	$3.7M	$3.1M	100x	as long as short
Phoenix AMZN	+0.0155%	1h	259.39	−0.097%	$5K	$118K	20x	as long as short
Nado AMZN-PERP	+0.0167%	1h	259.39	−0.095%	$418K	$125K	20x	as long as short
BloFin AMZN-USDT	+0.0179%	8h	259.51	−0.050%	$185K	$182K	20x	as long as short
Bitget AMZNUSDT	+0.0208%	8h	259.58	−0.023%	$4.7M	$3.7M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0213%	1h	259.51	−0.050%	$27K	$274K	10x	as long as short
Arcus AMZN-USD	+0.0242%	1h	259.40	−0.093%	$197K	$233K	10x	as long as short
Lighter AMZNlong	+0.0248%	1h	259.64	long leg	$802K	$1.1M	20x
edgeX AMZNUSDC	+0.0335%	4h	259.51	−0.049%	$28K	$247K	10x	as long as short