Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

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 +0.098%

Price spread now: Binance against SunX+0.052%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2492.490% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 2 days (all we have)+0.001%$0 · spread now +0.052%, 7d avg +0.006%

Together, before fees+0.064%+$6 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: Binance is 0.046% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWZ-USDT	37.900	0	get 0.0000% / 8h	40m 14s	$989	$512K	10x
Short	Binance EWZUSDT	37.920	0	get 0.0000% / 8h	40m 14s	$295K	$262K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.006%: $4.65
Slippage, 4 orders: −$231.01
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$244.36
Costs to cover: 2.490%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Binance: live order book, 36 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 SunX live order book, 11 min ago	47.48 bp	95.9 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 36 min ago	2.64 bp	24.5 bp −$25	103.7 bp −$1,037	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
KuCoin EWZUSDTM	−0.0694%	8h	37.870	−0.079%	$26K	$719K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.908	+0.020%	$9K	$50	20x	as long as short
Binance EWZUSDTshort	0.0000%	8h	37.920	+0.052%	$295K	$262K	20x
Bybit EWZUSDT	0.0000%	8h	37.880	−0.053%	$325K	$16K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.940	+0.106%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.900	0.000%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.920	+0.053%	$721K	$80K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.936	+0.095%	$77K	$25K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.903	+0.007%	$49K	$34K	—	as long as short
GRVT EWZ_USDT_Perp	0.0000%	8h	37.920	+0.053%	$3	$127K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWZ-USDTlong	0.0000%	8h	37.900	long leg	$989	$512K	10x
HTX EWZ-USDT	0.0000%	8h	37.850	−0.132%	$5K	$7K	10x	as long as short
tradeXYZ xyz:EWZ	+0.0050%	1h	37.904	+0.011%	$592K	$83K	20x	as long as short