Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.143%

Price spread now: edgeX against Lighter RH−0.020%80s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$240.243% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.020%, 7d avg +0.007%

Together, before fees−0.109%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.007%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AMZN	259.73	0.0032	pay 0.0004% / 1h	7m 51s	$720K	$1.5M	10x
Short	edgeX AMZNUSDC	259.68	0.0118	get 0.0059% / 4h	7m 51s	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $18.12
Price spread: −0.020% → +0.007%: −$2.7
Slippage, 4 orders: −$15.35
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$8.92
Costs to cover: 0.243%
Break-even: 10.4 days

Slippage from Lighter RH: live order book, 5 min ago; edgeX: live order book, 49 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, 5 min ago	1.35 bp	2.4 bp −$2	7.2 bp −$72	doesn't fit	doesn't fit
Sell edgeX live order book, 49 min ago	5.39 bp	10.2 bp −$10	14.5 bp −$145	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
Deribit AMZN_USDC-PERPETUAL	−0.0058%	1h	259.46	−0.104%	$28K	$174K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.58	−0.057%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.55	−0.069%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	+0.019%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	+0.002%	$10K	$1.8M	10x	as long as short
Lighter RH AMZNlong	+0.0032%	1h	259.73	long leg	$720K	$1.5M	10x
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	−0.050%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0037%	8h	259.78	+0.019%	$2.9M	$4.7M	20x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.66	−0.027%	$1.4M	$3.8M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.60	−0.050%	$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	−0.062%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.55	−0.069%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.70	−0.012%	$664	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.48	−0.096%	$1.3M	$1.2M	10x	as long as short
Hotstuff AMZN-PERP	+0.0080%	1h	259.63	−0.039%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	−0.046%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.53	−0.077%	$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	259.62	−0.042%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0108%	8h	259.73	−0.002%	$1.8M	$1.1M	—	as long as short
edgeX AMZNUSDCshort	+0.0118%	4h	259.68	−0.020%	$28K	$248K	10x
Extended AMZN_24_5-USD	+0.0120%	1h	259.65	−0.033%	$498K	$2.7M	10x	as long as short
Binance AMZNUSDT	+0.0123%	8h	259.72	−0.004%	$16.1M	$29.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0124%	1h	259.65	−0.031%	$29.8M	$11.0M	20x	as long as short
Nado AMZN-PERP	+0.0137%	1h	259.58	−0.059%	$415K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0139%	8h	259.83	+0.039%	$3.7M	$3.2M	100x	as long as short
Phoenix AMZN	+0.0185%	1h	259.77	+0.015%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0208%	1h	259.72	−0.005%	$806K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.43	−0.116%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0245%	8h	259.70	−0.012%	$179K	$204K	20x	as long as short