Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.023%

Price spread now: Ondo Perps against Variational Omni−0.083%51s7-day average −0.126% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days−0.224%−$22 · spread now −0.083%, 7d avg −0.126%

Together, before fees−0.213%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.044% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.126%. The two prices were read 51 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	Variational Omni AMZN	260.01	0	get 0.0000% / 8h	9m 52s	$1.8M	$1.1M	—
Short	Ondo Perps AMZN-USD.P	259.80	0.0050	get 0.0006% / 1h	9m 52s	$1.3M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now −0.083%Rate

Funding earned: $10.58
Price spread: −0.083% → −0.126%: $4.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $9.94
Costs to cover: 0.050%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.10 bp	doesn't fit	12.8 bp −$128	doesn't fit	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
Hotstuff AMZN-PERP	−0.0032%	1h	259.83	−0.071%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	260.02	+0.002%	$203K	$208K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.01	−0.002%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.82	−0.075%	$766K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.05	+0.013%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZNlong	0.0000%	8h	260.01	long leg	$1.8M	$1.1M	—
GRVT AMZN_USDT_Perp	0.0000%	8h	260.02	0.000%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	+0.0020%	1h	259.79	−0.087%	$29K	$173K	10x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.94	−0.030%	$498K	$3.0M	10x	as long as short
Binance AMZNUSDT	+0.0025%	8h	260.00	−0.006%	$16.0M	$29.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMZN	+0.0032%	1h	259.91	−0.040%	$739K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.89	−0.048%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.79	−0.087%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.86	−0.060%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.84	−0.067%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.94	−0.029%	$687	$5K	10x	as long as short
Ondo Perps AMZN-USD.Pshort	+0.0050%	1h	259.80	−0.083%	$1.3M	$1.1M	10x
QFEX AMZN-USD	+0.0050%	1h	259.96	−0.021%	$1.4M	$3.6M	10x	as long as short
edgeX AMZNUSDC	+0.0063%	4h	259.94	−0.028%	$28K	$250K	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.052%	$916K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0093%	8h	260.05	+0.013%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.75	−0.102%	$1.5M	$391K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.78	−0.090%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.97	−0.017%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.90	−0.043%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0120%	1h	259.79	−0.086%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0160%	1h	259.90	−0.043%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0183%	8h	260.07	+0.021%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.30	−0.275%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.97	−0.017%	$5K	$78K	20x	as long as short