Funding you earn now, next payment 08:00 UTC+0.0201%/8h= +22.0% APRnext payment +$2.01 per $10,000 · paid last 24h +0.019%
Price spread now: GRVT against MEXC+0.053%52s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as 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−$1291.292% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.053%, 7d avg −0.010%
=Together, before fees−0.031%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.062% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 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 | MEXC EWZ_USDT | 38.020 | 0.0013 | pay 0.0013% / 8h | 5h 00m | $723K | $85K | 50x |
| Short | GRVT EWZ_USDT_Perp | 38.040 | 0.0214 | get 0.0214% / 8h | 5h 00m | $35 | $151K | 10x |
MEXC EWZ_USDT
GRVT EWZ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.21
- Price spread: +0.053% → −0.010%
- $6.21
- Slippage, 4 orders
- −$120.16
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$80.74
- Costs to cover
- 1.292%
- Break-even
- 20.4 days
Slippage from MEXC: live order book, 55 min ago; GRVT: live order book, 57 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 MEXC live order book, 55 min ago | 19.65 bp | 28.6 bp −$29 | 55.5 bp −$555 | 215.5 bp −$21.6K | doesn't fit |
| Sell GRVT live order book, 57 min ago | 6.56 bp | 33.3 bp −$33 | 101.2 bp −$1,012 | 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 | −0.0430% | 1h | 38.045 | +0.066% | $593K | $84K | 20x | as long as short |
| Aster EWZUSDT | 0.0000% | 8h | 38.013 | −0.019% | $9K | $50 | 20x | as long as short |
| Bybit EWZUSDT | 0.0000% | 8h | 38.020 | 0.000% | $331K | $18K | 25x | as long as short |
| OKX EWZ-USDT-SWAP | 0.0000% | 8h | 38.000 | −0.053% | $124K | $40K | 20x | as long as short |
| Gate EWZ_USDT | 0.0000% | 8h | 37.980 | −0.105% | $61K | $7K | 20x | as long as short |
| Bitget EWZUSDT | 0.0000% | 8h | 38.042 | +0.058% | $81K | $16K | 20x | as long as short |
| Variational Omni EWZ | 0.0000% | 8h | 38.023 | +0.007% | $49K | $6K | — | as long as short |
| SunX EWZ-USDT | 0.0000% | 8h | 38.030 | +0.026% | $1K | $506K | 10x | as long as short |
| HTX EWZ-USDT | 0.0000% | 8h | 37.900 | −0.316% | $5K | $6K | 10x | as long as short |
| Binance EWZUSDT | +0.0012% | 8h | 38.026 | +0.016% | $295K | $237K | 20x | as long as short |
tradeXYZ xyz:EWZ
Aster EWZUSDT
Bybit EWZUSDT
OKX EWZ-USDT-SWAP
Gate EWZ_USDT
Bitget EWZUSDT
Variational Omni EWZ
SunX EWZ-USDT
HTX EWZ-USDT
Binance EWZUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EWZ_USDTlong | +0.0013% | 8h | 38.020 | long leg | $723K | $85K | 50x | |
| KuCoin EWZUSDTM | +0.0100% | 8h | 38.000 | −0.053% | $20K | $740K | 20x | as long as short |
| GRVT EWZ_USDT_Perpshort | +0.0214% | 8h | 38.040 | +0.053% | $35 | $151K | 10x |
KuCoin EWZUSDTM