Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against Polymarket Perps−0.050%7-day average −0.021% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.050%, 7d avg −0.021%

Together, before fees+0.031%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.029% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AMZN-USD	259.63	0.0050	pay 0.0006% / 1h	45m 52s	$317K	$283K	10x
Short	Ondo Perps AMZN-USD.P	259.50	0.0050	get 0.0006% / 1h	45m 52s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Polymarket Perps. 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 Polymarket PerpsbpFee Ondo PerpsbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0.08
Price spread: −0.050% → −0.021%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.84
Costs to cover: 0.130%
Break-even: 1327.3 days

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Ondo Perps: no order-book sample. 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 Polymarket Perps live order book, 1 min ago	1.35 bp	5.7 bp −$6	6.3 bp −$63	8.8 bp −$877	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	259.69	+0.024%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.73	+0.039%	$2.9M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.57	−0.023%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.82	+0.073%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.79	+0.060%	$10K	$1.9M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.52	−0.042%	$28K	$175K	10x	as long as short
Variational Omni AMZN	+0.0007%	8h	259.75	+0.046%	$1.8M	$1.1M	—	as long as short
QFEX AMZN-USD	+0.0020%	1h	259.66	+0.012%	$1.4M	$3.7M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.64	+0.004%	$917K	$2.4M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.75	+0.046%	$725K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AMZN_24_5-USD	+0.0032%	1h	259.65	+0.008%	$501K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0036%	8h	259.72	+0.035%	$16.0M	$29.8M	20x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.63	0.000%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.57	−0.023%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USDlong	+0.0050%	1h	259.63	long leg	$317K	$283K	10x
SoDEX AMZN-USD	+0.0050%	1h	259.70	+0.027%	$680	$5K	10x	as long as short
Ondo Perps AMZN-USD.Pshort	+0.0050%	1h	259.50	−0.050%	$1.3M	$1.2M	10x
KuCoin AMZNUSDTM	+0.0100%	8h	259.60	−0.012%	$1.5M	$477K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.56	−0.027%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.66	+0.012%	$1K	$320	10x	as long as short
Nado AMZN-PERP	+0.0101%	1h	259.54	−0.033%	$414K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0103%	8h	259.81	+0.069%	$3.7M	$3.2M	100x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.63	+0.001%	$14K	$510	10x	as long as short
Hotstuff AMZN-PERP	+0.0120%	1h	259.65	+0.008%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0143%	8h	259.73	+0.039%	$179K	$205K	20x	as long as short
Lighter AMZN	+0.0144%	1h	259.72	+0.034%	$748K	$1.3M	20x	as long as short
tradeXYZ xyz:AMZN	+0.0219%	1h	259.70	+0.027%	$29.9M	$11.3M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.51	−0.046%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.78	+0.058%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0640%	4h	259.70	+0.027%	$28K	$249K	10x	as long as short