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

EWT

RWAall EWT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0499%/8h= +54.6% APRnext payment +$4.99 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against OKX+0.033%111s7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.097%−$10 on $10k
Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.033%, 7d avg +0.004%
Together, before fees−0.131%+ Points / potential airdropGRVT: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GRVT is 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWT-USDT-SWAP115.770get 0.0000% / 8h7h 55m$176K$180K20x
ShortGRVT EWT_USDT_Perp115.810.0499get 0.0499% / 8h7h 55m$3K$205K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$104.79
Price spread: +0.033% → +0.004%
$2.91
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$88.7
Costs to cover
0.190%
Break-even
1.1 days
Slippage unknown: OKX: live order book, 14 min ago; GRVT: live order book, 16 min ago. Net counts fees only.

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, 14 min ago5.18 bp96.3 bp −$96doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 16 min ago24.21 bpdoesn't fitdoesn't fitdoesn'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
tradeXYZ xyz:EWT−0.0139%1h115.78+0.009%$684K$206K20xas long as short
Aster EWTUSDT0.0000%8h115.97+0.174%$3K$7620xas long as short
Bybit EWTUSDT0.0000%8h115.91+0.121%$223K$146K25xas long as short
OKX EWT-USDT-SWAPlong0.0000%8h115.77long leg$176K$180K20x
Gate EWT_USDT0.0000%8h115.83+0.052%$44K$4K25xas long as short
Bitget EWTUSDT0.0000%8h115.85+0.069%$1.3M$562K20xas long as short
SunX EWT-USDT0.0000%8h115.80+0.026%$1K$374K10xas long as short
HTX EWT-USDT0.0000%8h115.86+0.078%$16K$8K10xas long as short
Variational Omni EWT+0.0151%8h115.79+0.021%$55K$15Kas long as short
Binance EWTUSDT+0.0317%8h115.85+0.069%$468K$886K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EWT_USDT+0.0324%8h115.83+0.052%$2.4M$95K50xas long as short
GRVT EWT_USDT_Perpshort+0.0499%8h115.81+0.033%$3K$205K10x