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 −0.105%

Price spread now: OKX against GRVT+0.068%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2352.351% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.068%, 7d avg +0.007%

Together, before fees−0.133%+ Points / potential airdropGRVT: Active · farm board−$13 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 0.061% dearer against GRVT than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.007%.

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	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 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 OKXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.007%: $6.1
Slippage, 4 orders: −$216.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$228.95
Costs to cover: 2.351%
Break-even: never at this rate

Slippage from GRVT: live order book, 31 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 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 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	+0.015%	$592K	$81K	20x	as long as short
KuCoin EWZUSDTM	−0.0248%	8h	37.890	−0.143%	$24K	$719K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.969	+0.066%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.940	−0.011%	$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-SWAPshort	0.0000%	8h	37.970	+0.068%	$124K	$39K	20x
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	37.954	+0.026%	$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