AMZN funding rate

Tokenized stock (xStock) perpetual · 17 venues · net of estimated fees

AMZN Funding Rate — Amazon tokenized stock perpetuals across 17 venues

Tokenized stock (xStock) perpetual · compared across 17 venues · net of estimated fees · updated every few minutes

AMZN represents tokenized exposure to Amazon shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.

Live annualized AMZN perpetual funding across all 17 venues Perpia tracks. Right now AMZN funding is positive on 10 and negative on 0, ranging from +53.7% on Sodex to +0.0% on KuCoin — a spread of 53.7%. The widest delta-neutral trade is long Ostium / short Sodex at 37.7% net APR.

17venues
10paying positive
53.7%funding spread
Best AMZN spread now
37.7%
net APR after fees
LongOstium↗→ShortSodex↗
size depends on live venue depth — see the real cap in the scanner

AMZN funding trend & liquidity

168h of history
44.5%current gross APR
20.9%24h average
25.7%7-day average
$294pair OI · lower leg
$5K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

AMZN · Ostium → Sodex — no history

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Build a route

any two of the 17 venues
Gross spread+44.5%+$12.19 / day on $10,000
Widest routes

This route is 9 pp below the widest one right now (Gate.io → Sodex). The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 17 venues
VenueFunding APR ↓IntervalUse as
Sodex↗short+53.7%every 1h
Lighter↗+18.4%every 8h
Ostium↗long+9.2%every 1h
Nado↗+7.1%every 24h
Ondo Perps+5.5%every 1h
Hyperliquid↗+5.5%every 1h
trade.xyz↗+5.5%every 1h
Vest↗+5.0%every 1h
Arcus↗+4.4%every 1h
GMTrade↗+0.2%every 1h
Gate.io↗+0.0%every 8h
Variational↗+0.0%every 8h
Bybit↗+0.0%every 8h
Bitget↗+0.0%every 8h
OKX↗+0.0%every 8h
Aster↗+0.0%every 8h
KuCoin↗+0.0%every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Ostium vs Sodex page. 55 pairs scanned for AMZN.

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AMZN — FAQ

Is AMZN funding positive right now?

AMZN perpetual funding is positive on 10 of 17 venues Perpia tracks. The highest is +53.7% on Sodex; the lowest is +0.0% on KuCoin.

What is the best AMZN funding arbitrage right now?

Go long Ostium and short Sodex for about 37.7% net APR after fees — the widest delta-neutral AMZN spread Perpia currently sees.

Which exchange has the highest AMZN funding rate?

Sodex, at +53.7% annualized. Funding shifts continuously, so check the live table above before trading.

How AMZN funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

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