EWZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRnext payment −$2.48 per $10,000 · paid last 24h +0.157%

Price spread now: KuCoin against SunX−0.132%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$625as in the Funding arb table

Net, price: spread back to 7d avg − costs−$653as in the Price arb table

costs, in and out, $10k−$6426.424% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.132%, 7d avg −0.024%

Together, before fees+0.337%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.108% cheaper against SunX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.172%, 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 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.48 per $10,000. 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	SunX EWZ-USDT	37.940	0	get 0.0000% / 8h	2h 11m	$979	$467K	10x
Short	KuCoin EWZUSDTM	37.890	−0.0248	pay 0.0248% / 8h	2h 11m	$24K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$52.08
Price spread: −0.132% → −0.024%: −$10.75
Slippage, 4 orders: −$622.37
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$705.21
Costs to cover: 6.424%
Break-even: never at this rate

Slippage from SunX: live order book, 60 min ago; KuCoin: live order book, 63 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, 60 min ago	47.49 bp	88.7 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 63 min ago	1.32 bp	156.4 bp −$156	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:EWZ	−0.0448%	1h	37.950	+0.026%	$592K	$81K	20x	as long as short
KuCoin EWZUSDTMshort	−0.0248%	8h	37.890	−0.132%	$24K	$719K	20x
Aster EWZUSDT	0.0000%	8h	37.969	+0.077%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.940	0.000%	$295K	$227K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.930	−0.026%	$327K	$15K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	37.970	+0.079%	$124K	$39K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.930	−0.026%	$61K	$7K	20x	as long as short
MEXC EWZ_USDT	0.0000%	8h	37.940	0.000%	$721K	$82K	50x	as long as short
Bitget EWZUSDT	0.0000%	8h	37.954	+0.037%	$77K	$22K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	37.949	+0.023%	$49K	$6K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWZ_USDT_Perp	0.0000%	8h	37.944	+0.011%	$3	$135K	10x	as long as short
SunX EWZ-USDTlong	0.0000%	8h	37.940	long leg	$979	$467K	10x
HTX EWZ-USDT	0.0000%	8h	37.930	−0.026%	$5K	$7K	10x	as long as short