Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: GRVT against SunX+0.018%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$387as in the Funding arb table

Net, price: spread back to 7d avg − costs−$391as in the Price arb table

costs, in and out, $10k−$3933.928% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.018%, 7d avg −0.002%

Together, before fees+0.015%+ Points / potential airdropGRVT: Active · farm board+$1 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 0.020% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWZ-USDT	37.930	0	get 0.0000% / 8h	7h 02m	$2K	$484K	10x
Short	GRVT EWZ_USDT_Perp	37.937	0	get 0.0000% / 8h	7h 02m	$3	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.002%: $2.02
Slippage, 4 orders: −$375.83
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$390.81
Costs to cover: 3.928%
Break-even: never at this rate

Slippage from SunX: live order book, 39 min ago; GRVT: live order book, 25 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, 39 min ago	46.12 bp	120.6 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 25 min ago	5.28 bp	53.7 bp −$54	115.9 bp −$1,159	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	−0.0446%	8h	37.950	+0.053%	$42K	$710K	20x	as long as short
Aster EWZUSDT	0.0000%	8h	37.930	+0.001%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.940	+0.027%	$294K	$258K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.880	−0.132%	$325K	$15K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	38.000	+0.185%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.920	−0.026%	$60K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.910	−0.053%	$721K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.949	+0.050%	$76K	$24K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.954	+0.063%	$49K	$34K	—	as long as short
GRVT EWZ_USDT_Perpshort	0.0000%	8h	37.937	+0.018%	$3	$118K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWZ-USDTlong	0.0000%	8h	37.930	long leg	$2K	$484K	10x
HTX EWZ-USDT	0.0000%	8h	37.940	+0.026%	$5K	$7K	10x	as long as short
tradeXYZ xyz:EWZ	+0.0313%	1h	37.935	+0.013%	$592K	$83K	20x	as long as short