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: SunX against Binance−0.026%46s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as 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−$2102.099% of the position

Long on Binance Short on SunX

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)−0.034%−$3 · spread now −0.026%, 7d avg −0.005%

Together, before fees−0.097%−$10 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: SunX is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 46 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	37.940	0	get 0.0000% / 8h	2h 11m	$295K	$227K	20x
Short	SunX EWZ-USDT	37.930	0	get 0.0000% / 8h	2h 11m	$979	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.005%: −$2.09
Slippage, 4 orders: −$191.93
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$212.02
Costs to cover: 2.099%
Break-even: never at this rate

Slippage from Binance: live order book, 20 min ago; SunX: live order book, 60 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 SunX live order book, 60 min ago	47.49 bp	69.5 bp −$70	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-SWAP	0.0000%	8h	37.970	+0.079%	$124K	$39K	20x	as long as short
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-USDTshort	0.0000%	8h	37.930	−0.026%	$979	$467K	10x
HTX EWZ-USDT	0.0000%	8h	37.930	−0.026%	$5K	$7K	10x	as long as short