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 −0.087%

Price spread now: OKX against Binance+0.079%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1671.672% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 2 days (all we have)−0.226%−$23 · spread now +0.079%, 7d avg +0.021%

Together, before fees−0.278%−$28 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: OKX is 0.058% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWZUSDT	37.940	0	get 0.0000% / 8h	2h 11m	$295K	$227K	20x
Short	OKX EWZ-USDT-SWAP	37.970	0	get 0.0000% / 8h	2h 11m	$124K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.021%: $5.77
Slippage, 4 orders: −$147.25
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$161.48
Costs to cover: 1.672%
Break-even: never at this rate

Slippage from Binance: live order book, 20 min ago; OKX: live order book, 33 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 OKX live order book, 33 min ago	6.59 bp	91.2 bp −$91	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
tradeXYZ xyz:EWZ	−0.0448%	1h	37.950	+0.026%	$592K	$81K	20x	as long as short
KuCoin EWZUSDTM	−0.0248%	8h	37.890	−0.132%	$24K	$719K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.963	+0.062%	$9K	$50	20x	as long as short
Binance EWZUSDTlong	0.0000%	8h	37.940	long leg	$295K	$227K	20x
Bybit EWZUSDT	0.0000%	8h	37.920	−0.053%	$327K	$15K	25x	as long as short
OKX EWZ-USDT-SWAPshort	0.0000%	8h	37.970	+0.079%	$124K	$39K	20x
Gate EWZ_USDT	0.0000%	8h	37.930	−0.026%	$61K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.940	0.000%	$721K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.960	+0.053%	$77K	$22K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.949	+0.023%	$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_Perp	0.0000%	8h	37.944	+0.011%	$3	$135K	10x	as long as short
SunX EWZ-USDT	0.0000%	8h	37.930	−0.026%	$979	$467K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.930	−0.026%	$5K	$7K	10x	as long as short