Funding you earn now, next payment 23:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.008%
Price spread now: OKX against Phoenix+0.008%56s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$380.383% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.008%, 7d avg +0.054%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.047% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 56 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 | 259.32 | 0.0309 | pay 0.0039% / 1h | 12m 36s | $5K | $98K | 20x |
| Short | OKX AMZN-USDT-SWAP | 259.34 | 0.0135 | get 0.0135% / 8h | 12m 36s | $2.9M | $4.4M | 20x |
Phoenix AMZN
OKX AMZN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.57
- Price spread: +0.008% → +0.054%
- −$4.68
- Slippage, 4 orders
- −$21.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$79.53
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 57 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.77 bp | 9.7 bp −$10 | 17.1 bp −$171 | 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 |
Aster AMZNUSDT
Gate AMZN_USDT
Lighter RH AMZN
Vest AMZN-USD-PERP
Polymarket Perps AMZN-USD
SoDEX AMZN-USD
Ondo Perps AMZN-USD.P
QFEX AMZN-USD
Coinbase International AMZN-PERP-INTX
Hotstuff AMZN-PERPShow 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 AMZNUSDT | +0.0100% | 1h | 259.08 | −0.093% | $92K | $129K | 50x | as long as short |
| 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-SWAPshort | +0.0135% | 8h | 259.34 | +0.008% | $2.9M | $4.4M | 20x | |
| 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 |
KuCoin AMZNUSDTM
ApeX Omni AMZNUSDT
Orderly PERP_AMZN_USDC_mythos
Aevo AMZN-PERP
GRVT AMZN_USDT_Perp
Deribit AMZN_USDC-PERPETUAL
tradeXYZ xyz:AMZN
Injective AMZN/USDC PERP
Nado AMZN-PERP
Variational Omni AMZN
Binance AMZNUSDT
Extended AMZN_24_5-USD
Arcus AMZN-USD
Bitget AMZNUSDT
Lighter AMZN
Bybit AMZNUSDT
BloFin AMZN-USDT
edgeX AMZNUSDC