Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0777%/8h= +85.1% APRpaid last 24h +0.213%

Price spread now: edgeX against QFEX+0.020%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.145%−$14 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.020%, 7d avg +0.004%

Together, before fees−0.116%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.145% in total (about -14.7% 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	QFEX AMZN-USD	259.83	0.0040	pay 0.0005% / 1h	40m 58s	$1.4M	$3.8M	10x
Short	edgeX AMZNUSDC	259.88	0.0817	get 0.0409% / 4h	3h 40m	$28K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $163.27
Price spread: +0.020% → +0.004%: $1.63
Slippage, 4 orders: −$16.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $129.39
Costs to cover: 0.355%
Break-even: 1.5 days

Slippage from QFEX: live order book, 12 min ago; edgeX: live order book, 11 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 QFEX live order book, 12 min ago	2.50 bp	7.5 bp −$8	7.5 bp −$75	13.5 bp −$1,347	doesn't fit
Sell edgeX live order book, 11 min ago	5.39 bp	10.3 bp −$10	14.8 bp −$148	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	259.77	−0.022%	$203K	$211K	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.73	−0.038%	$763K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.93	+0.038%	$4.9M	$4.0M	100x	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.86	+0.011%	$14K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.76	−0.027%	$28K	$175K	10x	as long as short
OKX AMZN-USDT-SWAP	+0.0022%	8h	259.89	+0.023%	$2.9M	$4.7M	20x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.92	+0.035%	$721K	$1.5M	10x	as long as short
QFEX AMZN-USDlong	+0.0040%	1h	259.83	long leg	$1.4M	$3.8M	10x
Coinbase International AMZN-PERP-INTX	+0.0040%	1h	259.63	−0.077%	$917K	$2.4M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.75	−0.031%	$197K	$240K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMZN-USD-PERP	+0.0046%	1h	259.74	−0.035%	—	$104K	25x	as long as short
Hotstuff AMZN-PERP	+0.0048%	1h	259.83	0.000%	$33K	—	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.77	−0.023%	$323K	$277K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.82	−0.004%	$666	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	−0.046%	$1.3M	$1.2M	10x	as long as short
Variational Omni AMZN	+0.0090%	8h	259.89	+0.025%	$1.8M	$1.1M	—	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.68	−0.058%	$1.5M	$506K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.67	−0.062%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.89	+0.023%	$1K	$320	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.82	−0.003%	$14K	$510	10x	as long as short
Binance AMZNUSDT	+0.0112%	8h	259.91	+0.031%	$16.1M	$29.7M	20x	as long as short
Extended AMZN_24_5-USD	+0.0112%	1h	259.84	+0.002%	$498K	$2.7M	10x	as long as short
tradeXYZ xyz:AMZN	+0.0127%	1h	259.80	−0.012%	$29.8M	$11.2M	20x	as long as short
Nado AMZN-PERP	+0.0133%	1h	259.76	−0.025%	$414K	$112K	20x	as long as short
Bybit AMZNUSDT	+0.0187%	8h	260.07	+0.092%	$3.7M	$3.2M	100x	as long as short
Lighter AMZN	+0.0200%	1h	259.91	+0.030%	$804K	$1.0M	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.11	−0.277%	$75K	$27K	30x	as long as short
BloFin AMZN-USDT	+0.0232%	8h	259.79	−0.015%	$178K	$205K	20x	as long as short
Phoenix AMZN	+0.0277%	1h	259.90	+0.027%	$5K	$78K	20x	as long as short
edgeX AMZNUSDCshort	+0.0817%	4h	259.88	+0.020%	$28K	$247K	10x