Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0520%/8h= +56.9% APRpaid last 24h +0.157%

Price spread now: edgeX against Lighter−0.076%109s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.210% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.319%−$32 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.076%, 7d avg −0.002%

Together, before fees−0.193%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.074% cheaper against Lighter than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.002%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.319%, so the current rate has only just turned in your favour. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.319% in total (about -16.6% 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	Lighter AMZN	259.93	0.0200	pay 0.0025% / 1h	43m 42s	$730K	$1.3M	20x
Short	edgeX AMZNUSDC	259.73	0.0720	get 0.0360% / 4h	1h 43m	$28K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $109.19
Price spread: −0.076% → −0.002%: −$7.38
Slippage, 4 orders: −$11.99
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $80.82
Costs to cover: 0.210%
Break-even: 1.8 days

Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 2 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, 5 min ago	0.10 bp	0.4 bp $0	1.4 bp −$14	64.5 bp −$6,454	doesn't fit
Sell edgeX live order book, 2 min ago	5.39 bp	10.2 bp −$10	14.5 bp −$145	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	−0.1600%	1h	259.51	−0.162%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.81	−0.047%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.79	−0.054%	$814K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.92	−0.004%	$5.0M	$5.0M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0019%	1h	259.86	−0.027%	$37K	$145K	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.92	−0.004%	$710K	$1.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.74	−0.073%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.78	−0.058%	$30.1M	$11.6M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.71	−0.085%	$324K	$285K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.78	−0.058%	$699	$5K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.45	−0.185%	$1.3M	$1.0M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0058%	8h	259.99	+0.023%	$2.9M	$4.9M	20x	as long as short
QFEX AMZN-USD	+0.0061%	1h	259.70	−0.088%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0080%	1h	259.45	−0.185%	$947K	$2.5M	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.73	−0.077%	$1.5M	$491K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.47	−0.177%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.87	−0.023%	$1K	$877	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.84	−0.035%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0171%	8h	259.71	−0.083%	$1.8M	$1.0M	—	as long as short
Lighter AMZNlong	+0.0200%	1h	259.93	long leg	$730K	$1.3M	20x
Extended AMZN_24_5-USD	+0.0200%	1h	259.87	−0.022%	$503K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0204%	8h	259.96	+0.012%	$16.4M	$32.2M	20x	as long as short
Nado AMZN-PERP	+0.0212%	1h	259.62	−0.120%	$404K	$118K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.23	+0.115%	$76K	$23K	30x	as long as short
Arcus AMZN-USD	+0.0246%	1h	259.82	−0.042%	$197K	$205K	10x	as long as short
Phoenix AMZN	+0.0276%	1h	259.78	−0.058%	$5K	$84K	20x	as long as short
BloFin AMZN-USDT	+0.0319%	8h	259.80	−0.050%	$182K	$303K	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0374%	8h	259.74	−0.072%	$9K	$1.8M	10x	as long as short
Bybit AMZNUSDT	+0.0425%	8h	260.04	+0.042%	$4.3M	$3.6M	100x	as long as short
edgeX AMZNUSDCshort	+0.0720%	4h	259.73	−0.076%	$28K	$250K	10x