Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Bitget against Phoenix+0.031%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.031%, 7d avg +0.060%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.029% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMZN	258.83	0.0340	pay 0.0042% / 1h	44m 58s	$5K	$118K	20x
Short	Bitget AMZNUSDT	258.91	0.0273	get 0.0273% / 8h	1h 44m	$4.8M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$14.03
Price spread: +0.031% → +0.060%: −$2.87
Slippage, 4 orders: −$15.19
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$51.09
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Phoenix: live order book, 30 min ago; Bitget: live order book, 3 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, 30 min ago	2.70 bp	8.6 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.97 bp	8.6 bp −$9	14.0 bp −$140	40.1 bp −$4,010	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	258.81	−0.008%	$202K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	258.66	−0.066%	$757K	$2.6M	100x	as long as short
Hotstuff AMZN-PERP	+0.0008%	1h	258.75	−0.031%	$33K	—	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	258.87	+0.015%	$716K	$1.7M	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	258.68	−0.058%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	258.74	−0.035%	$304K	$311K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	258.80	−0.012%	$626	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	258.57	−0.100%	$1.3M	$1.3M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0056%	1h	258.74	−0.035%	$940K	$2.7M	10x	as long as short
QFEX AMZN-USD	+0.0066%	1h	258.83	0.000%	$1.4M	$4.4M	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	258.68	−0.058%	$1.5M	$653K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	258.63	−0.077%	$92K	$139K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	258.85	+0.008%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	258.80	−0.011%	$14K	$510	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0116%	8h	258.85	+0.008%	$2.9M	$4.4M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0118%	1h	258.77	−0.023%	$28.1M	$11.2M	20x	as long as short
GRVT AMZN_USDT_Perp	+0.0124%	8h	258.85	+0.007%	$12K	$1.7M	10x	as long as short
Variational Omni AMZN	+0.0176%	8h	258.87	+0.014%	$1.8M	$1.6M	—	as long as short
Extended AMZN_24_5-USD	+0.0192%	1h	258.82	−0.004%	$490K	$2.5M	10x	as long as short
Binance AMZNUSDT	+0.0192%	8h	258.87	+0.015%	$16.1M	$31.6M	20x	as long as short
Nado AMZN-PERP	+0.0207%	1h	258.65	−0.071%	$414K	$123K	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	258.56	−0.104%	$74K	$27K	30x	as long as short
Lighter AMZN	+0.0240%	1h	258.91	+0.029%	$832K	$1.1M	20x	as long as short
Bitget AMZNUSDTshort	+0.0273%	8h	258.91	+0.031%	$4.8M	$4.0M	100x
Arcus AMZN-USD	+0.0284%	1h	258.67	−0.062%	$196K	$239K	10x	as long as short
BloFin AMZN-USDT	+0.0312%	8h	258.87	+0.015%	$179K	$189K	20x	as long as short
Bybit AMZNUSDT	+0.0316%	8h	258.95	+0.046%	$3.7M	$3.3M	100x	as long as short
Phoenix AMZNlong	+0.0340%	1h	258.83	long leg	$5K	$118K	20x
edgeX AMZNUSDC	+0.0344%	4h	258.84	+0.003%	$28K	$248K	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0407%	1h	258.82	−0.004%	$27K	$252K	10x	as long as short