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 −0.116%

Price spread now: Gate against GRVT−0.025%96s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.025% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 96 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	37.920	0	get 0.0000% / 8h	2h 15m	$3	$135K	10x
Short	Gate EWZ_USDT	37.910	0	get 0.0000% / 8h	2h 15m	$61K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.54
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 27 min ago; Gate: no order-book sample. Net counts fees only.

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, 27 min ago	6.59 bp	80.4 bp −$80	180.4 bp −$1,804	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0492%	1h	37.950	+0.080%	$592K	$81K	20x	as long as short
KuCoin EWZUSDTM	−0.0224%	8h	37.900	−0.052%	$24K	$720K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.982	+0.165%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.955	+0.093%	$295K	$228K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.940	+0.054%	$328K	$15K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.900	−0.052%	$124K	$39K	20x	as long as short
Gate EWZ_USDTshort	0.0000%	8h	37.910	−0.025%	$61K	$7K	20x
MEXC EWZ_USDT	0.0000%	8h	37.930	+0.027%	$721K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.953	+0.088%	$77K	$22K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.949	+0.077%	$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_Perplong	0.0000%	8h	37.920	long leg	$3	$135K	10x
SunX EWZ-USDT	0.0000%	8h	37.950	+0.080%	$884	$468K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.930	+0.027%	$5K	$7K	10x	as long as short