AMZN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.010%

Price spread now: ApeX Omni against Phoenix−0.093%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.093%, 7d avg +0.005%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.098% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. 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	Phoenix AMZN	259.32	0.0309	pay 0.0039% / 1h	12m 40s	$5K	$98K	20x
Short	ApeX Omni AMZNUSDT	259.08	0.0100	get 0.0013% / 1h	12m 40s	$92K	$129K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.093%Rate

Funding earned: −$43.85
Price spread: −0.093% → +0.005%: −$9.77
Slippage, 4 orders: −$47.45
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$118.07
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from Phoenix: live order book, 57 min ago; ApeX Omni: live order book, 63 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 Phoenix live order book, 57 min ago	2.70 bp	8.4 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	2.51 bp	24.0 bp −$24	606.2 bp −$6,062	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	259.13	−0.073%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.07	−0.096%	$765K	$2.6M	100x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.31	−0.004%	$719K	$1.6M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.11	−0.081%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.14	−0.069%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.23	−0.035%	$628	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.99	−0.127%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.16	−0.062%	$1.4M	$4.5M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.20	−0.046%	$940K	$2.7M	10x	as long as short
Hotstuff AMZN-PERP	+0.0080%	1h	259.17	−0.058%	$33K	—	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMZNUSDTM	+0.0100%	8h	259.10	−0.085%	$1.5M	$609K	20x	as long as short
ApeX Omni AMZNUSDTshort	+0.0100%	1h	259.08	−0.093%	$92K	$129K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.29	−0.012%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.22	−0.040%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0135%	8h	259.34	+0.008%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0161%	8h	259.31	−0.003%	$7K	$1.7M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0175%	1h	259.20	−0.046%	$27K	$178K	10x	as long as short
tradeXYZ xyz:AMZN	+0.0180%	1h	259.17	−0.058%	$28.5M	$10.9M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.10	−0.085%	$75K	$27K	30x	as long as short
Nado AMZN-PERP	+0.0243%	1h	259.12	−0.077%	$414K	$123K	20x	as long as short
Variational Omni AMZN	+0.0248%	8h	259.35	+0.010%	$1.8M	$1.4M	—	as long as short
Binance AMZNUSDT	+0.0261%	8h	259.28	−0.015%	$16.2M	$30.9M	20x	as long as short
Extended AMZN_24_5-USD	+0.0264%	1h	259.23	−0.034%	$497K	$2.5M	10x	as long as short
Arcus AMZN-USD	+0.0274%	1h	259.09	−0.089%	$197K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0292%	8h	259.30	−0.008%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZNlong	+0.0309%	1h	259.32	long leg	$5K	$98K	20x
Lighter AMZN	+0.0336%	1h	259.33	+0.002%	$833K	$1.1M	20x	as long as short
Bybit AMZNUSDT	+0.0349%	8h	259.30	−0.008%	$3.7M	$3.2M	100x	as long as short
BloFin AMZN-USDT	+0.0380%	8h	259.32	0.000%	$178K	$215K	20x	as long as short
edgeX AMZNUSDC	+0.0671%	4h	259.31	−0.004%	$28K	$249K	10x	as long as short