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 +0.018%

Price spread now: GRVT against Binance−0.042%109s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1711.711% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 2 days (all we have)+0.019%+$2 · spread now −0.042%, 7d avg −0.007%

Together, before fees+0.016%+ Points / potential airdropGRVT: Active · farm board+$2 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: GRVT is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWZUSDT	37.960	0	get 0.0000% / 8h	2h 11m	$295K	$227K	20x
Short	GRVT EWZ_USDT_Perp	37.944	0	get 0.0000% / 8h	2h 11m	$3	$135K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.007%: −$3.43
Slippage, 4 orders: −$152.09
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$174.53
Costs to cover: 1.711%
Break-even: never at this rate

Slippage from Binance: live order book, 20 min ago; GRVT: live order book, 31 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, 20 min ago	2.64 bp	25.7 bp −$26	116.0 bp −$1,160	doesn't fit	doesn't fit
Sell GRVT live order book, 31 min ago	6.59 bp	39.0 bp −$39	72.8 bp −$728	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
tradeXYZ xyz:EWZ	−0.0450%	1h	37.950	−0.026%	$592K	$81K	20x	as long as short
KuCoin EWZUSDTM	−0.0248%	8h	37.890	−0.184%	$24K	$719K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.964	+0.011%	$9K	$50	20x	as long as short
Binance EWZUSDTlong	0.0000%	8h	37.960	long leg	$295K	$227K	20x
Bybit EWZUSDT	0.0000%	8h	37.920	−0.105%	$327K	$15K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.970	+0.026%	$124K	$39K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.930	−0.079%	$61K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.970	+0.026%	$722K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.969	+0.024%	$77K	$22K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.949	−0.030%	$49K	$6K	—	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_Perpshort	0.0000%	8h	37.944	−0.042%	$3	$135K	10x
SunX EWZ-USDT	0.0000%	8h	37.930	−0.079%	$979	$467K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.930	−0.079%	$5K	$7K	10x	as long as short