Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.028%

Price spread now: Variational Omni against Lighter RH+0.163%7-day average +0.049% · you sell dearer than you buy

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 7 days−0.194%−$19 · spread now +0.163%, 7d avg +0.049%

Together, before fees−0.179%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.114% dearer against Lighter RH than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AMZN	260.41	0.0032	pay 0.0004% / 1h	53m 56s	$719K	$1.6M	10x
Short	Variational Omni AMZN	260.83	0.0038	get 0.0038% / 8h	6h 53m	$1.8M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.163%Rate

Funding earned: $1.34
Price spread: +0.163% → +0.049%: $11.44
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $12.79
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. 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 Lighter RH live order book, 4 min ago	1.92 bp	2.6 bp −$3	7.3 bp −$73	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.11 bp	doesn't fit	12.0 bp −$120	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
Aster AMZNUSDT	0.0000%	8h	260.46	+0.019%	$204K	$209K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.59	+0.069%	$2.9M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.35	−0.023%	$779K	$2.5M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.53	+0.046%	$4.9M	$4.2M	100x	as long as short
Lighter RH AMZNlong	+0.0032%	1h	260.41	long leg	$719K	$1.6M	10x
Variational Omni AMZNshort	+0.0038%	8h	260.83	+0.163%	$1.8M	$1.2M	—
Vest AMZN-USD-PERP	+0.0046%	1h	260.41	0.000%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.32	−0.035%	$323K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.42	+0.004%	$702	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.30	−0.042%	$1.3M	$1.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMZN-USD	+0.0063%	1h	260.49	+0.031%	$1.4M	$3.5M	10x	as long as short
Extended AMZN_24_5-USD	+0.0064%	1h	260.40	−0.002%	$504K	$3.0M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.67	+0.100%	$943K	$2.3M	10x	as long as short
Binance AMZNUSDT	+0.0068%	8h	260.47	+0.024%	$16.2M	$30.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0093%	1h	260.32	−0.035%	$30.0M	$11.4M	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0096%	1h	260.28	−0.050%	$29K	$139K	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.34	−0.027%	$1.5M	$441K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.52	+0.042%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.50	+0.035%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.42	+0.004%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0128%	1h	260.38	−0.012%	$33K	—	20x	as long as short
Arcus AMZN-USD	+0.0142%	1h	260.40	−0.004%	$198K	$233K	10x	as long as short
GRVT AMZN_USDT_Perp	+0.0158%	8h	260.69	+0.107%	$12K	$1.8M	10x	as long as short
BloFin AMZN-USDT	+0.0185%	8h	260.77	+0.138%	$179K	$312K	20x	as long as short
Nado AMZN-PERP	+0.0216%	1h	260.33	−0.031%	$412K	$114K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.85	+0.169%	$75K	$27K	30x	as long as short
edgeX AMZNUSDC	+0.0228%	4h	260.70	+0.113%	$28K	$248K	10x	as long as short
Phoenix AMZN	+0.0246%	1h	260.64	+0.088%	$5K	$84K	20x	as long as short
Lighter AMZN	+0.0272%	1h	260.43	+0.009%	$743K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0491%	8h	260.57	+0.061%	$4.3M	$3.5M	100x	as long as short