EWZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRnext payment −$2.48 per $10,000 · paid last 24h +0.040%

Price spread now: KuCoin against GRVT−0.143%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$592as in the Funding arb table

Net, price: spread back to 7d avg − costs−$614as in the Price arb table

costs, in and out, $10k−$6046.035% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.143%, 7d avg −0.039%

Together, before fees+0.298%+ Points / potential airdropGRVT: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.104% cheaper against GRVT than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EWZ_USDT_Perp	37.944	0	get 0.0000% / 8h	2h 11m	$3	$135K	10x
Short	KuCoin EWZUSDTM	37.890	−0.0248	pay 0.0248% / 8h	2h 11m	$24K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$52.08
Price spread: −0.143% → −0.039%: −$10.41
Slippage, 4 orders: −$582.54
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$666.03
Costs to cover: 6.035%
Break-even: never at this rate

Slippage from GRVT: live order book, 31 min ago; KuCoin: live order book, 63 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, 31 min ago	6.59 bp	80.4 bp −$80	180.4 bp −$1,804	doesn't fit	doesn't fit
Sell KuCoin live order book, 63 min ago	1.32 bp	156.4 bp −$156	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	−0.0445%	1h	37.950	+0.015%	$592K	$81K	20x	as long as short
KuCoin EWZUSDTMshort	−0.0248%	8h	37.890	−0.143%	$24K	$719K	20x
Aster EWZUSDT	0.0000%	8h	37.970	+0.068%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.946	+0.005%	$295K	$227K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.930	−0.037%	$327K	$15K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.970	+0.068%	$124K	$39K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.930	−0.037%	$61K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.940	−0.011%	$721K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.958	+0.036%	$77K	$22K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.949	+0.012%	$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	37.944	long leg	$3	$135K	10x
SunX EWZ-USDT	0.0000%	8h	37.940	−0.011%	$979	$467K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.930	−0.037%	$5K	$7K	10x	as long as short