Funding arb · Price arb /

EWZ

RWAall EWZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0430%/8h= −47.1% APRpaid last 24h +0.042%

Price spread now: tradeXYZ against SunX+0.039%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2062.059% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.039%, 7d avg −0.008%

Together, before fees+0.264%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.047% dearer against SunX than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.333%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWZ-USDT	38.030	0	get 0.0000% / 8h	5h 00m	$1K	$506K	10x
Short	tradeXYZ xyz:EWZ	38.045	−0.0430	pay 0.0054% / 1h	0m 30s	$593K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$90.35
Price spread: +0.039% → −0.008%: $4.74
Slippage, 4 orders: −$179.88
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$291.49
Costs to cover: 2.059%
Break-even: never at this rate

Slippage from SunX: live order book, 31 min ago; tradeXYZ: 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, 31 min ago	48.54 bp	68.7 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 36 min ago	6.17 bp	34.9 bp −$35	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	−0.0430%	1h	38.045	+0.039%	$593K	$84K	20x
Aster EWZUSDT	0.0000%	8h	38.013	−0.045%	$9K	$50	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	38.020	−0.026%	$331K	$18K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	38.000	−0.079%	$124K	$40K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.980	−0.131%	$61K	$7K	20x	as long as short
Bitget EWZUSDT	0.0000%	8h	38.042	+0.032%	$81K	$16K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	38.023	−0.019%	$49K	$6K	—	as long as short
SunX EWZ-USDTlong	0.0000%	8h	38.030	long leg	$1K	$506K	10x
HTX EWZ-USDT	0.0000%	8h	37.900	−0.342%	$5K	$6K	10x	as long as short
Binance EWZUSDT	+0.0012%	8h	38.026	−0.011%	$295K	$237K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EWZ_USDT	+0.0013%	8h	38.020	−0.026%	$723K	$85K	50x	as long as short
KuCoin EWZUSDTM	+0.0100%	8h	38.000	−0.079%	$20K	$740K	20x	as long as short
GRVT EWZ_USDT_Perp	+0.0214%	8h	38.040	+0.026%	$35	$151K	10x	as long as short