Funding arb · Price arb /

AMZN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.023%

Price spread now: Variational Omni against QFEX+0.035%47s7-day average +0.048% · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.034%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.035%, 7d avg +0.048%

Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 47 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	QFEX AMZN-USD	259.88	0.0020	pay 0.0002% / 1h	24m 40s	$1.4M	$3.7M	10x
Short	Variational Omni AMZN	259.97	0	get 0.0000% / 8h	2h 24m	$1.8M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: −$4.17
Price spread: +0.035% → +0.048%: −$1.36
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.52
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 QFEX live order book, 4 min ago	1.35 bp	6.3 bp −$6	9.0 bp −$90	16.1 bp −$1,613	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.42 bp	doesn't fit	16.5 bp −$165	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	259.84	−0.017%	$203K	$211K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.95	+0.027%	$2.8M	$4.7M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.77	−0.042%	$764K	$2.7M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	259.88	0.000%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZNshort	0.0000%	8h	259.97	+0.035%	$1.8M	$1.1M	—
GRVT AMZN_USDT_Perp	0.0000%	8h	259.82	−0.023%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.79	−0.035%	$28K	$175K	10x	as long as short
Extended AMZN_24_5-USD	+0.0016%	1h	259.80	−0.031%	$499K	$3.1M	10x	as long as short
Binance AMZNUSDT	+0.0018%	8h	259.89	+0.004%	$15.9M	$29.8M	20x	as long as short
QFEX AMZN-USDlong	+0.0020%	1h	259.88	long leg	$1.4M	$3.7M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMZN-PERP-INTX	+0.0024%	1h	259.70	−0.069%	$929K	$2.3M	10x	as long as short
Lighter RH AMZN	+0.0032%	1h	259.84	−0.015%	$725K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.78	−0.038%	$197K	$240K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.89	+0.004%	—	$104K	25x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.80	−0.031%	$321K	$284K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.85	−0.012%	$680	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.71	−0.065%	$1.3M	$1.2M	10x	as long as short
BloFin AMZN-USDT	+0.0074%	8h	259.93	+0.019%	$177K	$205K	20x	as long as short
Nado AMZN-PERP	+0.0083%	1h	259.82	−0.022%	$414K	$113K	20x	as long as short
Bybit AMZNUSDT	+0.0098%	8h	259.91	+0.012%	$3.7M	$3.2M	100x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.67	−0.081%	$1.5M	$468K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.76	−0.046%	$93K	$129K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.93	+0.019%	$1K	$320	10x	as long as short
Lighter AMZN	+0.0104%	1h	259.82	−0.022%	$748K	$1.3M	20x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.88	−0.002%	$14K	$510	10x	as long as short
tradeXYZ xyz:AMZN	+0.0145%	1h	259.77	−0.042%	$30.0M	$11.3M	20x	as long as short
Hotstuff AMZN-PERP	+0.0168%	1h	259.83	−0.019%	$33K	—	20x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	260.09	+0.081%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0246%	1h	259.89	+0.004%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0939%	4h	259.85	−0.013%	$28K	$248K	10x	as long as short