Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0264%/8h= −29.0% APRpaid last 24h −0.018%

Price spread now: Binance against Phoenix+0.027%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.027% dearer against Phoenix than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.094% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% 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	Phoenix AMZN	259.66	0.0277	pay 0.0035% / 1h	51m 16s	$5K	$78K	20x
Short	Binance AMZNUSDT	259.73	0.0013	get 0.0013% / 8h	51m 16s	$16.0M	$29.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$55.53
Price spread: +0.027% → 0.000%: $2.7
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.84
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 5 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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.19 bp	6.0 bp −$6	13.0 bp −$130	65.8 bp −$6,576	doesn't fit

Phoenix: 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	259.73	+0.027%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.72	+0.023%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.49	−0.065%	$763K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.74	+0.031%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.88	+0.083%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.70	+0.017%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.60	−0.023%	$29K	$174K	10x	as long as short
Binance AMZNUSDTshort	+0.0013%	8h	259.73	+0.027%	$16.0M	$29.5M	20x
Extended AMZN_24_5-USD	+0.0016%	1h	259.66	0.000%	$500K	$3.0M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.75	+0.035%	$733K	$1.5M	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	259.58	−0.031%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	−0.035%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.55	−0.042%	$321K	$292K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.65	−0.004%	$688	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.44	−0.085%	$1.3M	$1.2M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.63	−0.012%	$1.4M	$3.6M	10x	as long as short
BloFin AMZN-USDT	+0.0050%	8h	259.67	+0.004%	$177K	$294K	20x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.42	−0.092%	$910K	$2.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0096%	1h	259.58	−0.031%	$33K	—	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.59	−0.027%	$1.5M	$414K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.47	−0.073%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.65	−0.004%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.64	−0.008%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0143%	1h	259.61	−0.019%	$30.0M	$11.2M	20x	as long as short
Bybit AMZNUSDT	+0.0162%	8h	259.95	+0.112%	$4.0M	$3.3M	100x	as long as short
Nado AMZN-PERP	+0.0163%	1h	259.51	−0.058%	$414K	$113K	20x	as long as short
Lighter AMZN	+0.0184%	1h	259.70	+0.015%	$750K	$1.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.57	−0.035%	$75K	$27K	30x	as long as short
Phoenix AMZNlong	+0.0277%	1h	259.66	long leg	$5K	$78K	20x
edgeX AMZNUSDC	+0.0724%	4h	259.64	−0.006%	$28K	$249K	10x	as long as short