Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.026%

Price spread now: Arcus against OKX−0.100%57s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$250.253% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.100%, 7d avg −0.075%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.025% cheaper against OKX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.075%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.062% in total) that is about 36 hours. The two prices were read 57 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	OKX AMZN-USDT-SWAP	260.72	0.0015	pay 0.0015% / 8h	6h 09m	$2.9M	$4.7M	20x
Short	Arcus AMZN-USD	260.46	0.0142	get 0.0018% / 1h	9m 50s	$198K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.100%Rate

Funding earned: $26.74
Price spread: −0.100% → −0.075%: −$2.46
Slippage, 4 orders: −$10.84
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$1.06
Costs to cover: 0.253%
Break-even: 7.3 days

Slippage from OKX: live order book, 1 min ago; Arcus: live order book, 41 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 OKX live order book, 1 min ago	0.19 bp	7.4 bp −$7	15.2 bp −$152	doesn't fit	doesn't fit
Sell Arcus live order book, 41 min ago	0.96 bp	4.2 bp −$4	4.3 bp −$43	13.1 bp −$1,309	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	260.57	−0.059%	$204K	$209K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	260.50	−0.084%	$779K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.70	−0.008%	$4.9M	$4.2M	100x	as long as short
OKX AMZN-USDT-SWAPlong	+0.0015%	8h	260.72	long leg	$2.9M	$4.7M	20x
Lighter RH AMZN	+0.0032%	1h	260.59	−0.050%	$717K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	260.48	−0.092%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	260.49	−0.088%	$323K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	260.58	−0.054%	$713	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	260.29	−0.165%	$1.3M	$1.0M	10x	as long as short
QFEX AMZN-USD	+0.0063%	1h	260.60	−0.046%	$1.4M	$3.5M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	260.38	−0.130%	$923K	$2.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0088%	1h	260.48	−0.092%	$33K	—	20x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0096%	1h	260.52	−0.077%	$29K	$138K	10x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	260.49	−0.088%	$1.5M	$470K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	260.38	−0.130%	$93K	$140K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	260.63	−0.035%	$1K	$331	10x	as long as short
tradeXYZ xyz:AMZN	+0.0102%	1h	260.49	−0.088%	$30.1M	$11.4M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	260.57	−0.058%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0123%	8h	260.68	−0.017%	$1.8M	$1.0M	—	as long as short
Arcus AMZN-USDshort	+0.0142%	1h	260.46	−0.100%	$198K	$205K	10x
Extended AMZN_24_5-USD	+0.0144%	1h	260.58	−0.056%	$501K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0144%	8h	260.65	−0.027%	$16.3M	$30.3M	20x	as long as short
edgeX AMZNUSDC	+0.0195%	4h	260.56	−0.062%	$28K	$250K	10x	as long as short
Phoenix AMZN	+0.0215%	1h	260.57	−0.058%	$5K	$84K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.72	0.000%	$75K	$27K	30x	as long as short
Nado AMZN-PERP	+0.0230%	1h	260.49	−0.089%	$413K	$112K	20x	as long as short
BloFin AMZN-USDT	+0.0262%	8h	260.67	−0.019%	$181K	$314K	20x	as long as short
Lighter AMZN	+0.0272%	1h	260.63	−0.036%	$731K	$1.3M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0298%	8h	260.61	−0.042%	$12K	$1.8M	10x	as long as short
Bybit AMZNUSDT	+0.0455%	8h	260.73	+0.004%	$4.3M	$3.5M	100x	as long as short