Settings8H · net · $10k
Funding arb · Price arb /

EWT

RWAall EWT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against OKX−0.183%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2422.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.183%, 7d avg −0.040%
Together, before fees+0.160%+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.143% cheaper against OKX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWT-USDT-SWAP114.580get 0.0000% / 8h38m 29s$172K$44K20x
ShortBybit EWTUSDT114.370get 0.0000% / 8h38m 29s$218K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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

Funding earned
$0
Price spread: −0.183% → −0.040%
−$14.33
Slippage, 4 orders
−$221.32
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$256.66
Costs to cover
2.423%
Break-even
never at this rate
Slippage from OKX: live order book, 61 min ago; Bybit: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 61 min ago4.36 bp24.6 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 46 min ago4.37 bp79.6 bp −$80126.3 bp −$1,263doesn't fitdoesn't fit

EWT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster EWTUSDT0.0000%8h114.43−0.129%$3K$7620xas long as short
Binance EWTUSDT0.0000%8h114.44−0.122%$466K$492K20xas long as short
Bybit EWTUSDTshort0.0000%8h114.37−0.183%$218K$20K25x
OKX EWT-USDT-SWAPlong0.0000%8h114.58long leg$172K$44K20x
Gate EWT_USDT0.0000%8h114.51−0.061%$43K$90325xas long as short
MEXC EWT_USDT0.0000%8h114.42−0.140%$2.4M$87K50xas long as short
Bitget EWTUSDT0.0000%8h114.42−0.140%$1.2M$257K20xas long as short
Variational Omni EWT0.0000%8h114.41−0.146%$56K$13Kas long as short
GRVT EWT_USDT_Perp0.0000%8h114.42−0.140%$3K$163K10xas long as short
SunX EWT-USDT0.0000%8h114.42−0.140%$711$233K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWT-USDT0.0000%8h114.21−0.323%$15K$8K10xas long as short
tradeXYZ xyz:EWT+0.0050%1h114.35−0.201%$712K$120K20xas long as short