Funding arb · Price arb /

EWZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0474%/8h= +51.9% APRpaid last 24h +0.062%

Price spread now: MEXC against tradeXYZ−0.037%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1171.170% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.261%−$26 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.037%, 7d avg +0.007%

Together, before fees−0.236%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.044% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.261%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.261% in total (about -13.6% 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	tradeXYZ xyz:EWZ	38.014	−0.0474	get 0.0059% / 1h	5m 34s	$593K	$81K	20x
Short	MEXC EWZ_USDT	38.000	0	get 0.0000% / 8h	4h 05m	$723K	$84K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against tradeXYZ. 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 tradeXYZbpFee MEXCbpOrdersPrice spread, now −0.037%Rate

Funding earned: $99.56
Price spread: −0.037% → +0.007%: −$4.42
Slippage, 4 orders: −$98.98
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.85
Costs to cover: 1.170%
Break-even: 8.5 days

Slippage from tradeXYZ: live order book, 21 min ago; MEXC: live order book, 45 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 tradeXYZ live order book, 21 min ago	7.50 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 45 min ago	10.52 bp	25.1 bp −$25	109.1 bp −$1,091	215.9 bp −$21.6K	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:EWZlong	−0.0474%	1h	38.014	long leg	$593K	$81K	20x
Aster EWZUSDT	0.0000%	8h	37.995	−0.050%	$9K	$50	20x	as long as short
Binance EWZUSDT	0.0000%	8h	37.990	−0.063%	$295K	$229K	20x	as long as short
Bybit EWZUSDT	0.0000%	8h	37.980	−0.089%	$328K	$17K	25x	as long as short
OKX EWZ-USDT-SWAP	0.0000%	8h	38.060	+0.121%	$124K	$38K	20x	as long as short
Gate EWZ_USDT	0.0000%	8h	37.980	−0.089%	$61K	$7K	20x	as long as short
MEXC EWZ_USDTshort	0.0000%	8h	38.000	−0.037%	$723K	$84K	50x
Bitget EWZUSDT	0.0000%	8h	38.005	−0.024%	$80K	$19K	20x	as long as short
Variational Omni EWZ	0.0000%	8h	38.003	−0.028%	$49K	$6K	—	as long as short
SunX EWZ-USDT	0.0000%	8h	38.010	−0.011%	$1K	$484K	10x	as long as short

Show 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	−0.116%	$5K	$6K	10x	as long as short
GRVT EWZ_USDT_Perp	+0.0005%	8h	38.018	+0.011%	$3	$142K	10x	as long as short
KuCoin EWZUSDTM	+0.0100%	8h	37.930	−0.221%	$21K	$716K	20x	as long as short