Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h +0.213%

Price spread now: edgeX against Ondo Perps+0.113%54s7-day average +0.084% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.113%, 7d avg +0.084%

Together, before fees−0.231%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.030% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.084%. Mind the row above: over the last 7 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps AMZN-USD.P	259.62	0.0050	pay 0.0006% / 1h	4m 31s	$1.3M	$1.2M	10x
Short	edgeX AMZNUSDC	259.91	0.0401	get 0.0201% / 4h	3h 04m	$28K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $73.67
Price spread: +0.113% → +0.084%: $2.97
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $62.64
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 48 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 48 min ago	5.39 bp	10.3 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	259.87	+0.094%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.88	+0.100%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.69	+0.027%	$764K	$2.8M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.89	+0.104%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	+0.135%	$11K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.70	+0.031%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0029%	8h	259.93	+0.117%	$1.8M	$1.1M	—	as long as short
Lighter RH AMZN	+0.0032%	1h	259.85	+0.089%	$724K	$1.6M	10x	as long as short
QFEX AMZN-USD	+0.0040%	1h	259.78	+0.062%	$1.4M	$3.7M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.92	+0.116%	$918K	$2.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMZN-USD	+0.0040%	1h	259.78	+0.062%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.75	+0.050%	—	$104K	25x	as long as short
Nado AMZN-PERP	+0.0047%	1h	259.76	+0.053%	$414K	$112K	20x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.77	+0.058%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.70	+0.031%	$317K	$283K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.79	+0.065%	$688	$5K	10x	as long as short
Ondo Perps AMZN-USD.Plong	+0.0050%	1h	259.62	long leg	$1.3M	$1.2M	10x
Binance AMZNUSDT	+0.0052%	8h	259.86	+0.092%	$16.0M	$29.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0056%	1h	259.79	+0.066%	$501K	$3.1M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0057%	1h	259.82	+0.077%	$29.9M	$11.3M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.68	+0.023%	$1.5M	$495K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.84	+0.085%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.82	+0.077%	$1K	$320	10x	as long as short
Lighter AMZN	+0.0104%	1h	259.88	+0.098%	$798K	$1.1M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.77	+0.056%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0122%	8h	259.95	+0.127%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0174%	8h	259.86	+0.092%	$178K	$206K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.60	−0.008%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	260.01	+0.150%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0401%	4h	259.91	+0.113%	$28K	$248K	10x