Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h −0.075%

Price spread now: tradeXYZ against GRVT+0.016%46s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as 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−$1391.394% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.016%, 7d avg −0.009%

Together, before fees+0.297%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against GRVT than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.009%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.273%, so the current rate has only just turned against you. 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	GRVT EWZ_USDT_Perp	38.046	0.0205	pay 0.0205% / 8h	4h 58m	$35	$151K	10x
Short	tradeXYZ xyz:EWZ	38.052	−0.0153	pay 0.0019% / 1h	58m 53s	$593K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$75.24
Price spread: +0.016% → −0.009%: $2.47
Slippage, 4 orders: −$112.42
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$212.19
Costs to cover: 1.394%
Break-even: never at this rate

Slippage from GRVT: live order book, 59 min ago; tradeXYZ: live order book, 38 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, 59 min ago	6.56 bp	38.1 bp −$38	133.7 bp −$1,337	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 38 min ago	6.17 bp	34.9 bp −$35	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:EWZshort	−0.0153%	1h	38.052	+0.016%	$593K	$84K	20x
Aster EWZUSDT	0.0000%	8h	38.021	−0.064%	$9K	$50	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	38.020	−0.068%	$331K	$18K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	38.070	+0.063%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	38.010	−0.095%	$61K	$7K	20x	as long as short
Bitget EWZUSDT	0.0000%	8h	38.077	+0.082%	$81K	$16K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	38.023	−0.061%	$49K	$6K	—	as long as short
SunX EWZ-USDT	0.0000%	8h	38.060	+0.037%	$1K	$506K	10x	as long as short
HTX EWZ-USDT	0.0000%	8h	37.900	−0.384%	$5K	$6K	10x	as long as short
Binance EWZUSDT	+0.0010%	8h	38.058	+0.032%	$295K	$237K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EWZ_USDT	+0.0011%	8h	38.040	−0.016%	$723K	$81K	50x	as long as short
KuCoin EWZUSDTM	+0.0100%	8h	38.020	−0.068%	$20K	$740K	20x	as long as short
GRVT EWZ_USDT_Perplong	+0.0205%	8h	38.046	long leg	$35	$151K	10x