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

EWZ

RWAall EWZ markets
SwapBacktest
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: GRVT against OKX−0.068%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2352.351% of the position
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: GRVT is 0.061% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWZ-USDT-SWAP37.9700get 0.0000% / 8h2h 11m$124K$39K20x
ShortGRVT EWZ_USDT_Perp37.9440get 0.0000% / 8h2h 11m$3$135K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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
$0
Price spread: −0.068% → −0.007%
−$6.1
Slippage, 4 orders
−$216.05
Fee OKX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$241.15
Costs to cover
2.351%
Break-even
never at this rate
Slippage from OKX: live order book, 33 min ago; GRVT: live order book, 31 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 OKX live order book, 33 min ago6.59 bp24.4 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 31 min ago6.59 bp39.0 bp −$3972.8 bp −$728doesn'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
tradeXYZ xyz:EWZ−0.0448%1h37.950−0.053%$592K$81K20xas long as short
KuCoin EWZUSDTM−0.0248%8h37.890−0.211%$24K$719K20xas long as short
Aster EWZUSDT0.0000%8h37.963−0.018%$9K$5020xas long as short
Binance EWZUSDT0.0000%8h37.940−0.079%$295K$227K20xas long as short
Bybit EWZUSDT0.0000%8h37.920−0.132%$327K$15K25xas long as short
OKX EWZ-USDT-SWAPlong0.0000%8h37.970long leg$124K$39K20x
Gate EWZ_USDT0.0000%8h37.930−0.105%$61K$7K20xas long as short
MEXC EWZ_USDT0.0000%8h37.940−0.079%$721K$82K50xas long as short
Bitget EWZUSDT0.0000%8h37.960−0.026%$77K$22K20xas long as short
Variational Omni EWZ0.0000%8h37.949−0.056%$49K$6Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWZ_USDT_Perpshort0.0000%8h37.944−0.068%$3$135K10x
SunX EWZ-USDT0.0000%8h37.930−0.105%$979$467K10xas long as short
HTX EWZ-USDT0.0000%8h37.930−0.105%$5K$7K10xas long as short