Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

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 −0.098%

Price spread now: Bybit against Binance−0.066%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2292.287% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 2 days (all we have)+0.049%+$5 · spread now −0.066%, 7d avg +0.027%

Together, before fees−0.013%−$1 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 0.093% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWZUSDT	37.915	0	get 0.0000% / 8h	1h 33m	$288K	$262K	20x
Short	Bybit EWZUSDT	37.890	0	get 0.0000% / 8h	1h 33m	$327K	$15K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.027%: −$9.3
Slippage, 4 orders: −$207.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$237.98
Costs to cover: 2.287%
Break-even: never at this rate

Slippage from Binance: live order book, 58 min ago; Bybit: live order book, 1 min ago.

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 Binance live order book, 58 min ago	2.64 bp	25.7 bp −$26	116.0 bp −$1,160	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	15.84 bp	54.0 bp −$54	doesn't fit	doesn't fit	doesn't fit

EWZ on 13 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
KuCoin EWZUSDTM	−0.0701%	8h	37.850	−0.172%	$27K	$722K	20x	as long as short
tradeXYZ xyz:EWZ	−0.0442%	1h	37.904	−0.029%	$592K	$83K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.937	+0.059%	$9K	$50	20x	as long as short
Binance EWZUSDTlong	0.0000%	8h	37.915	long leg	$288K	$262K	20x
Bybit EWZUSDTshort	0.0000%	8h	37.890	−0.066%	$327K	$15K	25x
OKX EWZ-USDT-SWAP	0.0000%	8h	37.920	+0.013%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.890	−0.066%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.900	−0.040%	$721K	$80K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.912	−0.008%	$77K	$24K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.913	−0.005%	$49K	$34K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWZ_USDT_Perp	0.0000%	8h	37.923	+0.020%	$3	$133K	10x	as long as short
SunX EWZ-USDT	0.0000%	8h	37.910	−0.013%	$1K	$512K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.890	−0.066%	$5K	$7K	10x	as long as short