Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.040%

Price spread now: Aster against Phoenix−0.050%95s7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

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

costs, in and out, $10k−$1021.021% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.050%, 7d avg +0.048%

Together, before fees−0.139%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster 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 +0.048%). Swap the legs. The two prices were read 95 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	Phoenix AMZN	259.05	0.0309	pay 0.0039% / 1h	43m 55s	$5K	$98K	20x
Short	Aster AMZNUSDT	258.92	0	get 0.0000% / 8h	43m 55s	$202K	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$64.85
Price spread: −0.050% → +0.048%: −$9.78
Slippage, 4 orders: −$87.07
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$176.7
Costs to cover: 1.021%
Break-even: never at this rate

Slippage from Phoenix: live order book, 26 min ago; Aster: live order book, 33 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, 26 min ago	2.70 bp	8.4 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Aster live order book, 33 min ago	3.86 bp	42.1 bp −$42	doesn't fit	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 AMZNUSDTshort	0.0000%	8h	258.92	−0.050%	$202K	$211K	20x
Gate AMZN_USDT	0.0000%	8h	258.90	−0.058%	$764K	$2.6M	100x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	258.82	−0.089%	$27K	$198K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.82	−0.089%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.94	−0.042%	$304K	$315K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.99	−0.023%	$632	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.82	−0.089%	$1.3M	$1.3M	10x	as long as short
QFEX AMZN-USD	+0.0053%	1h	259.05	0.000%	$1.4M	$4.5M	10x	as long as short
Lighter RH AMZN	+0.0056%	1h	259.08	+0.012%	$716K	$1.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	258.90	−0.058%	$940K	$2.7M	10x	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	258.78	−0.104%	$1.5M	$632K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.83	−0.085%	$92K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.05	0.000%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.05	+0.001%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0128%	1h	259.00	−0.019%	$33K	—	20x	as long as short
OKX AMZN-USDT-SWAP	+0.0128%	8h	259.17	+0.046%	$2.9M	$4.4M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0133%	8h	259.07	+0.008%	$17K	$1.8M	10x	as long as short
edgeX AMZNUSDC	+0.0210%	4h	259.08	+0.011%	$28K	$248K	10x	as long as short
tradeXYZ xyz:AMZN	+0.0211%	1h	258.97	−0.031%	$28.4M	$11.0M	20x	as long as short
Variational Omni AMZN	+0.0216%	8h	259.13	+0.029%	$1.8M	$1.4M	—	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	+0.097%	$75K	$27K	30x	as long as short
Binance AMZNUSDT	+0.0229%	8h	259.11	+0.023%	$16.1M	$31.2M	20x	as long as short
Extended AMZN_24_5-USD	+0.0232%	1h	259.06	+0.006%	$490K	$2.5M	10x	as long as short
Nado AMZN-PERP	+0.0262%	1h	258.81	−0.092%	$414K	$123K	20x	as long as short
Arcus AMZN-USD	+0.0274%	1h	258.83	−0.085%	$196K	$233K	10x	as long as short
Bitget AMZNUSDT	+0.0283%	8h	259.09	+0.015%	$4.8M	$4.0M	100x	as long as short
Phoenix AMZNlong	+0.0309%	1h	259.05	long leg	$5K	$98K	20x
Bybit AMZNUSDT	+0.0339%	8h	259.01	−0.015%	$3.7M	$3.3M	100x	as long as short
BloFin AMZN-USDT	+0.0347%	8h	259.12	+0.027%	$177K	$187K	20x	as long as short
Lighter AMZN	+0.0384%	1h	259.11	+0.024%	$834K	$1.1M	20x	as long as short