Funding arb · Price arb /

EWT

RWAall EWT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Bybit+0.078%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2012.011% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.078%, 7d avg +0.014%

Together, before fees−0.048%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.064% dearer against Bybit than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.014%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 23 days. Mind the row above: over the last 7 days funding on this pair paid +0.066%, 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	Bybit EWTUSDT	115.75	0	get 0.0000% / 8h	5h 23m	$222K	$139K	25x
Short	tradeXYZ xyz:EWT	115.84	−0.0009	pay 0.0001% / 1h	23m 19s	$692K	$189K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. 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 BybitbpFee tradeXYZbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$1.92
Price spread: +0.078% → +0.014%: $6.41
Slippage, 4 orders: −$172.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$196.62
Costs to cover: 2.011%
Break-even: never at this rate

Slippage from Bybit: live order book, 22 min ago; tradeXYZ: live order book, 13 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 Bybit live order book, 22 min ago	3.03 bp	87.1 bp −$87	129.0 bp −$1,290	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 13 min ago	2.59 bp	13.7 bp −$14	40.9 bp −$409	doesn't fit	doesn't fit

EWT on 12 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:EWTshort	−0.0009%	1h	115.84	+0.078%	$692K	$189K	20x
Aster EWTUSDT	0.0000%	8h	115.84	+0.081%	$3K	$76	20x	as long as short
Binance EWTUSDT	0.0000%	8h	115.81	+0.050%	$472K	$799K	20x	as long as short
Bybit EWTUSDTlong	0.0000%	8h	115.75	long leg	$222K	$139K	25x
OKX EWT-USDT-SWAP	0.0000%	8h	115.86	+0.095%	$176K	$161K	20x	as long as short
Gate EWT_USDT	0.0000%	8h	115.83	+0.069%	$44K	$4K	25x	as long as short
MEXC EWT_USDT	0.0000%	8h	115.83	+0.069%	$2.4M	$93K	50x	as long as short
Bitget EWTUSDT	0.0000%	8h	115.88	+0.112%	$1.3M	$429K	20x	as long as short
Variational Omni EWT	0.0000%	8h	115.81	+0.049%	$57K	$14K	—	as long as short
GRVT EWT_USDT_Perp	0.0000%	8h	115.83	+0.066%	$3K	$182K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWT-USDT	0.0000%	8h	115.82	+0.060%	$976	$335K	10x	as long as short
HTX EWT-USDT	0.0000%	8h	115.62	−0.112%	$16K	$8K	10x	as long as short