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

EWZ

RWAall EWZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h −0.056%
Price spread now: tradeXYZ against MEXC−0.060%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.269%+$27 on $10k
Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.060%, 7d avg −0.007%
Together, before fees+0.357%+ Points / potential airdroptradeXYZ: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.053% cheaper against MEXC than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.007%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EWZ_USDT38.1500.0089pay 0.0089% / 8h5h 50m$725K$82K50x
ShorttradeXYZ xyz:EWZ38.1270.0212get 0.0026% / 1h50m 11s$595K$85K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against MEXC. 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
$25.79
Price spread: −0.060% → −0.007%
−$5.28
Slippage, 4 orders
−$108.67
Fee MEXC: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$106.16
Costs to cover
1.267%
Break-even
35.8 days
Slippage from MEXC: live order book, 5 min ago; tradeXYZ: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago19.65 bp28.6 bp −$2955.5 bp −$555215.5 bp −$21.6Kdoesn't fit
Sell tradeXYZ live order book, 56 min ago6.96 bp32.0 bp −$32doesn't fitdoesn't fitdoesn't fit

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
Aster EWZUSDT0.0000%8h38.154+0.010%$9K$5020xas long as short
Bybit EWZUSDT0.0000%8h38.180+0.079%$332K$41K25xas long as short
OKX EWZ-USDT-SWAP0.0000%8h38.230+0.210%$125K$51K20xas long as short
Gate EWZ_USDT0.0000%8h38.140−0.026%$61K$6K20xas long as short
Bitget EWZUSDT0.0000%8h38.172+0.058%$83K$21K20xas long as short
Variational Omni EWZ0.0000%8h38.203+0.140%$49K$6Kas long as short
SunX EWZ-USDT0.0000%8h38.200+0.131%$1K$505K10xas long as short
HTX EWZ-USDT0.0000%8h38.210+0.157%$5K$6K10xas long as short
MEXC EWZ_USDTlong+0.0089%8h38.150long leg$725K$82K50x
Binance EWZUSDT+0.0093%8h38.140−0.026%$293K$245K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWZUSDTM+0.0100%8h38.160+0.026%$22K$746K20xas long as short
tradeXYZ xyz:EWZshort+0.0212%1h38.127−0.060%$595K$85K20x
GRVT EWZ_USDT_Perp+0.0624%8h38.180+0.079%$249$152K10xas long as short