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: Binance against GRVT−0.055%99s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as 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−$1951.949% of the position

Long on GRVT Short on Binance

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)+0.091%+$9 · spread now −0.055%, 7d avg +0.010%

Together, before fees+0.095%+ Points / potential airdropGRVT: Active · farm board+$9 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: Binance is 0.065% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 99 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	GRVT EWZ_USDT_Perp	37.923	0	get 0.0000% / 8h	1h 31m	$3	$133K	10x
Short	Binance EWZUSDT	37.902	0	get 0.0000% / 8h	1h 31m	$295K	$262K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.010%: −$6.49
Slippage, 4 orders: −$175.9
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$201.39
Costs to cover: 1.949%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Binance: 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 GRVT live order book, 5 min ago	5.27 bp	87.7 bp −$88	181.4 bp −$1,814	doesn't fit	doesn't fit
Sell Binance live order book, 60 min ago	2.64 bp	25.9 bp −$26	104.9 bp −$1,049	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	−0.0700%	8h	37.870	−0.139%	$26K	$722K	20x	as long as short
tradeXYZ xyz:EWZ	−0.0401%	1h	37.904	−0.050%	$592K	$83K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.924	+0.004%	$9K	$50	20x	as long as short
Binance EWZUSDTshort	0.0000%	8h	37.902	−0.055%	$295K	$262K	20x
Bybit EWZUSDT	0.0000%	8h	37.850	−0.192%	$326K	$16K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.920	−0.007%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.880	−0.113%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.900	−0.060%	$721K	$81K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.911	−0.031%	$77K	$24K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.913	−0.025%	$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_Perplong	0.0000%	8h	37.923	long leg	$3	$133K	10x
SunX EWZ-USDT	0.0000%	8h	37.910	−0.034%	$1K	$511K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.890	−0.087%	$5K	$7K	10x	as long as short