Settings8H · net · $10k
Funding arb · Price arb /

EWZ

RWAall EWZ markets
SwapBacktest
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 −0.157%
Price spread now: Gate against KuCoin+0.106%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.172%−$17 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.106% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin EWZUSDTM37.890−0.0248get 0.0248% / 8h2h 11m$24K$719K20x
ShortGate EWZ_USDT37.9300get 0.0000% / 8h2h 11m$61K$7K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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

Funding earned
$52.08
Price spread: +0.106% → 0.000%
$10.56
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$35.64
Costs to cover
0.270%
Break-even
2.2 days
Slippage unknown: KuCoin: live order book, 63 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 63 min ago1.32 bp327.7 bp −$328doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWZ−0.0448%1h37.950+0.158%$592K$81K20xas long as short
KuCoin EWZUSDTMlong−0.0248%8h37.890long leg$24K$719K20x
Aster EWZUSDT0.0000%8h37.969+0.209%$9K$5020xas long as short
Binance EWZUSDT0.0000%8h37.940+0.132%$295K$227K20xas long as short
Bybit EWZUSDT0.0000%8h37.930+0.106%$327K$15K25xas long as short
OKX EWZ-USDT-SWAP0.0000%8h37.970+0.211%$124K$39K20xas long as short
Gate EWZ_USDTshort0.0000%8h37.930+0.106%$61K$7K20x
MEXC EWZ_USDT0.0000%8h37.940+0.132%$721K$82K50xas long as short
Bitget EWZUSDT0.0000%8h37.954+0.169%$77K$22K20xas long as short
Variational Omni EWZ0.0000%8h37.949+0.155%$49K$6Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWZ_USDT_Perp0.0000%8h37.944+0.143%$3$135K10xas long as short
SunX EWZ-USDT0.0000%8h37.940+0.132%$979$467K10xas long as short
HTX EWZ-USDT0.0000%8h37.930+0.106%$5K$7K10xas long as short