Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h −0.001%

Price spread now: Nado against OKX−0.080%49s7-day average −0.037% · 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−$440.437% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.080%, 7d avg −0.037%

Together, before fees−0.094%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.043% cheaper against OKX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.037%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour. The two prices were read 49 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	259.78	0.0038	pay 0.0038% / 8h	4h 08m	$2.9M	$4.7M	20x
Short	Nado AMZN-PERP	259.57	0.0139	get 0.0017% / 1h	8m 34s	$415K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: $21.13
Price spread: −0.080% → −0.037%: −$4.28
Slippage, 4 orders: −$26.7
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.85
Costs to cover: 0.437%
Break-even: 15.9 days

Slippage from OKX: live order book, 4 min ago; Nado: 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 OKX live order book, 4 min ago	0.19 bp	7.6 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell Nado live order book, 49 min ago	1.15 bp	13.6 bp −$14	51.1 bp −$511	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	−0.0020%	1h	259.46	−0.123%	$28K	$174K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.58	−0.078%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.55	−0.089%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.78	0.000%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.74	−0.017%	$10K	$1.8M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.72	−0.023%	$720K	$1.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0032%	1h	259.60	−0.069%	$917K	$2.4M	10x	as long as short
OKX AMZN-USDT-SWAPlong	+0.0038%	8h	259.78	long leg	$2.9M	$4.7M	20x
QFEX AMZN-USD	+0.0040%	1h	259.66	−0.046%	$1.4M	$3.8M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.60	−0.069%	$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	259.59	−0.073%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.54	−0.092%	$322K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.67	−0.042%	$662	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.48	−0.115%	$1.3M	$1.2M	10x	as long as short
Hotstuff AMZN-PERP	+0.0080%	1h	259.63	−0.058%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.61	−0.065%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.53	−0.096%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.66	−0.046%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.61	−0.065%	$14K	$510	10x	as long as short
Variational Omni AMZN	+0.0108%	8h	259.73	−0.021%	$1.8M	$1.1M	—	as long as short
edgeX AMZNUSDC	+0.0118%	4h	259.68	−0.039%	$28K	$248K	10x	as long as short
Binance AMZNUSDT	+0.0123%	8h	259.69	−0.036%	$16.1M	$29.6M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0123%	1h	259.66	−0.046%	$29.8M	$11.0M	20x	as long as short
Extended AMZN_24_5-USD	+0.0128%	1h	259.62	−0.063%	$498K	$2.7M	10x	as long as short
Nado AMZN-PERPshort	+0.0139%	1h	259.57	−0.080%	$415K	$112K	20x
Bybit AMZNUSDT	+0.0139%	8h	259.84	+0.023%	$3.7M	$3.2M	100x	as long as short
Phoenix AMZN	+0.0185%	1h	259.77	−0.004%	$5K	$77K	20x	as long as short
Lighter AMZN	+0.0208%	1h	259.70	−0.031%	$808K	$1.1M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.43	−0.135%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0245%	8h	259.70	−0.031%	$179K	$204K	20x	as long as short