Funding you earn now, next payment 04:00 UTC−0.0474%/8h= −51.9% APRpaid last 24h +0.025%
Price spread now: tradeXYZ against OKX−0.121%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1691.688% of the position
Funding, last 7 days+0.314%+$31 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.121%, 7d avg −0.019%
=Together, before fees+0.433%+ Points / potential airdroptradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and tradeXYZ is 0.102% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.314%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.314% in total (about 16.4% a year). A funding rate is set anew for every payment. 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 | OKX EWZ-USDT-SWAP | 38.060 | 0 | get 0.0000% / 8h | 4h 05m | $124K | $38K | 20x |
| Short | tradeXYZ xyz:EWZ | 38.014 | −0.0474 | pay 0.0059% / 1h | 5m 35s | $593K | $81K | 20x |
OKX EWZ-USDT-SWAP
tradeXYZ xyz:EWZFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- −$99.56
- Price spread: −0.121% → −0.019%
- −$10.22
- Slippage, 4 orders
- −$140.78
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$278.56
- Costs to cover
- 1.688%
- Break-even
- never at this rate
Slippage from OKX: live order book, 49 min ago; tradeXYZ: live order book, 21 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 OKX live order book, 49 min ago | 10.51 bp | 27.2 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 21 min ago | 7.50 bp | 37.6 bp −$38 | 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 | −0.0474% | 1h | 38.014 | −0.121% | $593K | $81K | 20x | |
| Aster EWZUSDT | 0.0000% | 8h | 37.995 | −0.170% | $9K | $50 | 20x | as long as short |
| Binance EWZUSDT | 0.0000% | 8h | 37.990 | −0.184% | $295K | $229K | 20x | as long as short |
| Bybit EWZUSDT | 0.0000% | 8h | 37.980 | −0.210% | $328K | $17K | 25x | as long as short |
| OKX EWZ-USDT-SWAPlong | 0.0000% | 8h | 38.060 | long leg | $124K | $38K | 20x | |
| Gate EWZ_USDT | 0.0000% | 8h | 37.980 | −0.210% | $61K | $7K | 20x | as long as short |
| MEXC EWZ_USDT | 0.0000% | 8h | 38.000 | −0.158% | $723K | $84K | 50x | as long as short |
| Bitget EWZUSDT | 0.0000% | 8h | 38.005 | −0.145% | $80K | $19K | 20x | as long as short |
| Variational Omni EWZ | 0.0000% | 8h | 38.003 | −0.149% | $49K | $6K | — | as long as short |
| SunX EWZ-USDT | 0.0000% | 8h | 38.010 | −0.131% | $1K | $484K | 10x | as long as short |
Aster EWZUSDT
Binance EWZUSDT
Bybit EWZUSDT
Gate EWZ_USDT
MEXC EWZ_USDT
Bitget EWZUSDT
Variational Omni EWZ
SunX EWZ-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX EWZ-USDT | 0.0000% | 8h | 37.970 | −0.236% | $5K | $6K | 10x | as long as short |
| GRVT EWZ_USDT_Perp | +0.0005% | 8h | 38.018 | −0.110% | $3 | $142K | 10x | as long as short |
| KuCoin EWZUSDTM | +0.0100% | 8h | 37.930 | −0.342% | $21K | $716K | 20x | as long as short |
HTX EWZ-USDT
GRVT EWZ_USDT_Perp
KuCoin EWZUSDTM