Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0074%/8hpaid last 24h 0.000%

Price spread now: Deribit against Orderly−0.035%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.035% cheaper against Orderly than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AMZN_USDC_mythos	259.50	0.0100	pay 0.0100% / 8h	4h 22m	$1K	$320	10x
Short	Deribit AMZN_USDC-PERPETUAL	259.41	0.0174	get 0.0022% / 1h	22m 41s	$27K	$274K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $15.59
Price spread: −0.035% → 0.000%: −$3.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.88
Costs to cover: 0.130%
Break-even: 7.4 days

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 10 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit live order book, 10 min ago	3.66 bp	7.2 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit

Orderly: 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	259.40	−0.039%	$192K	$176K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.31	−0.073%	$751K	$2.5M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.42	−0.031%	$8K	$1.5M	10x	as long as short
Injective AMZN/USDC PERP	+0.0001%	1h	259.32	−0.069%	$75K	$21K	30x	as long as short
Hotstuff AMZN-PERP	+0.0024%	1h	259.33	−0.066%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.54	+0.015%	$696K	$1.6M	10x	as long as short
Variational Omni AMZN	+0.0035%	8h	259.25	−0.094%	$1.5M	$1.4M	—	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.26	−0.092%	—	$11K	25x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0048%	1h	259.24	−0.100%	$922K	$2.5M	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0049%	8h	259.53	+0.012%	$3.0M	$4.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMZN	+0.0050%	1h	259.35	−0.058%	$28.5M	$9.8M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.29	−0.081%	$306K	$308K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.45	−0.019%	$623	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.35	−0.058%	$1.3M	$1.2M	10x	as long as short
Extended AMZN_24_5-USD	+0.0056%	1h	259.47	−0.012%	$492K	$2.5M	10x	as long as short
QFEX AMZN-USD	+0.0056%	1h	259.49	−0.004%	$1.4M	$4.2M	10x	as long as short
Binance AMZNUSDT	+0.0059%	8h	259.51	+0.005%	$16.1M	$29.9M	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.29	−0.081%	$1.5M	$648K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.26	−0.092%	$93K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythoslong	+0.0100%	8h	259.50	long leg	$1K	$320	10x
Aevo AMZN-PERP	+0.0104%	1h	259.45	−0.019%	$14K	$510	10x	as long as short
Bybit AMZNUSDT	+0.0140%	8h	259.60	+0.039%	$3.7M	$3.1M	100x	as long as short
Phoenix AMZN	+0.0155%	1h	259.39	−0.042%	$5K	$118K	20x	as long as short
Nado AMZN-PERP	+0.0164%	1h	259.29	−0.082%	$418K	$125K	20x	as long as short
Deribit AMZN_USDC-PERPETUALshort	+0.0174%	1h	259.41	−0.035%	$27K	$274K	10x
BloFin AMZN-USDT	+0.0179%	8h	259.51	+0.004%	$185K	$182K	20x	as long as short
Bitget AMZNUSDT	+0.0207%	8h	259.55	+0.019%	$4.7M	$3.7M	100x	as long as short
Arcus AMZN-USD	+0.0242%	1h	259.29	−0.081%	$197K	$233K	10x	as long as short
Lighter AMZN	+0.0248%	1h	259.60	+0.037%	$802K	$1.1M	20x	as long as short
edgeX AMZNUSDC	+0.0472%	4h	259.42	−0.029%	$28K	$247K	10x	as long as short