Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.069%

Price spread now: Bybit against Lighter RH+0.050%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.050%, 7d avg +0.055%

Together, before fees+0.031%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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 RH AMZN	259.79	0.0032	pay 0.0004% / 1h	44m 01s	$711K	$1.5M	10x
Short	Bybit AMZNUSDT	259.92	0.0372	get 0.0372% / 8h	4h 44m	$4.3M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter RH. 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 Lighter RHbpFee BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: $71.31
Price spread: +0.050% → +0.055%: −$0.48
Slippage, 4 orders: −$20.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $39.05
Costs to cover: 0.318%
Break-even: 3.2 days

Slippage from Lighter RH: live order book, 2 min ago; Bybit: 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 RH live order book, 2 min ago	1.73 bp	2.8 bp −$3	7.6 bp −$76	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.31 bp	14.3 bp −$14	22.3 bp −$223	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
Aster AMZNUSDT	0.0000%	8h	259.82	+0.013%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.64	−0.058%	$827K	$2.6M	100x	as long as short
Lighter RH AMZNlong	+0.0032%	1h	259.79	long leg	$711K	$1.5M	10x
Hotstuff AMZN-PERP	+0.0040%	1h	259.77	−0.008%	$33K	—	20x	as long as short
QFEX AMZN-USD	+0.0041%	1h	259.71	−0.031%	$1.4M	$3.5M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.63	−0.062%	—	$104K	25x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	259.47	−0.123%	$923K	$2.6M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.68	−0.042%	$30.2M	$11.6M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.70	−0.035%	$313K	$297K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.77	−0.008%	$718	$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	259.70	−0.035%	$1.3M	$1.0M	10x	as long as short
Bitget AMZNUSDT	+0.0057%	8h	259.84	+0.019%	$5.0M	$5.1M	100x	as long as short
OKX AMZN-USDT-SWAP	+0.0087%	8h	259.91	+0.046%	$2.9M	$5.0M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.70	−0.035%	$1.5M	$545K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.64	−0.058%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.17	+0.146%	$1K	$1K	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.71	−0.031%	$14K	$510	10x	as long as short
Arcus AMZN-USD	+0.0105%	1h	259.64	−0.058%	$197K	$207K	10x	as long as short
Lighter AMZN	+0.0112%	1h	259.81	+0.007%	$725K	$1.3M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0135%	1h	259.72	−0.027%	$37K	$135K	10x	as long as short
Nado AMZN-PERP	+0.0191%	1h	259.62	−0.067%	$404K	$115K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.85	+0.023%	$76K	$23K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.69	−0.038%	$5K	$95K	20x	as long as short
Variational Omni AMZN	+0.0282%	8h	259.83	+0.015%	$1.8M	$1.0M	—	as long as short
Extended AMZN_24_5-USD	+0.0296%	1h	259.77	−0.006%	$494K	$4.0M	10x	as long as short
Binance AMZNUSDT	+0.0299%	8h	259.86	+0.027%	$16.5M	$32.5M	20x	as long as short
Bybit AMZNUSDTshort	+0.0372%	8h	259.92	+0.050%	$4.3M	$3.7M	100x
GRVT AMZN_USDT_Perp	+0.0414%	8h	259.85	+0.025%	$8K	$1.8M	10x	as long as short
BloFin AMZN-USDT	+0.0422%	8h	259.80	+0.004%	$185K	$333K	20x	as long as short
edgeX AMZNUSDC	+0.0873%	4h	259.74	−0.018%	$28K	$249K	10x	as long as short