Amazon perpetual (AMZNUSDT) on QATS Prop

AMZNUSDT at a glance

Symbol

AMZNUSDT, a USDT-margined perpetual future with no expiry

Challenge

QATS Prop TradFi challenges

Priced from

Binance

Listed on

Binance and Bybit

Max leverage

Up to 10× on the current plans, chosen per order

Funding

The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L

Risk day

Starts at 17:00 Chicago time, an accounting boundary, not a pause

Hours

24/7; the stock trades 09:30–16:00 New York

What is Amazon?

Amazon: the largest online retailer and the largest cloud platform.

Amazon sells goods and delivery to consumers, advertising to sellers and computing power to companies. Its cloud business, AWS, is a smaller share of revenue but the larger share of profit.

Consumer spending, the growth rate of AWS and the scale of its investment in data centres drive the stock. It tends to move more than the index on results days, when the cloud numbers are published.

Listed on

Nasdaq

Sector

E-commerce and cloud

Profit engine

AWS

What moves the price of Amazon?

AWS growth

Cloud growth and margins set most of the profit.

Consumer spending

Retail sales, especially around the holiday season.

Capital spending

Investment in data centres and logistics.

Tariffs

Import costs for goods sold on its marketplace.

What do traders watch?

• Amazon earnings dates
• US retail sales data
• Capital-spending guidance

When does AMZNUSDT trade?

The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.

What are the risks of trading Amazon on a prop account?

• Results are published four times a year, after or before the New York session. A move of several percent in minutes is normal on those days.
• The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.
• This is a perpetual contract: it has no expiry, and its price can sit slightly above or below the market it follows.