Funding arb · Price arb /

EWT

RWAall EWT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Bybit against MEXC−0.052%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1901.903% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.052%, 7d avg −0.022%

Together, before fees+0.128%+$13 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: Bybit is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EWT_USDT	114.40	0	get 0.0000% / 8h	2h 25m	$2.4M	$93K	50x
Short	Bybit EWTUSDT	114.34	0	get 0.0000% / 8h	2h 25m	$219K	$141K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.022%: −$3.09
Slippage, 4 orders: −$179.34
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$193.43
Costs to cover: 1.903%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 4 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 MEXC live order book, 1 min ago	1.75 bp	4.5 bp −$5	125.8 bp −$1,258	213.3 bp −$21.3K	doesn't fit
Sell Bybit live order book, 4 min ago	4.37 bp	91.5 bp −$91	137.9 bp −$1,379	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
Aster EWTUSDT	0.0000%	8h	114.39	−0.011%	$3K	$76	20x	as long as short
Binance EWTUSDT	0.0000%	8h	114.37	−0.026%	$467K	$862K	20x	as long as short
Bybit EWTUSDTshort	0.0000%	8h	114.34	−0.052%	$219K	$141K	25x
OKX EWT-USDT-SWAP	0.0000%	8h	114.35	−0.044%	$171K	$167K	20x	as long as short
Gate EWT_USDT	0.0000%	8h	114.42	+0.017%	$43K	$4K	25x	as long as short
MEXC EWT_USDTlong	0.0000%	8h	114.40	long leg	$2.4M	$93K	50x
Bitget EWTUSDT	0.0000%	8h	114.42	+0.017%	$1.2M	$448K	20x	as long as short
Variational Omni EWT	0.0000%	8h	114.37	−0.025%	$56K	$14K	—	as long as short
GRVT EWT_USDT_Perp	0.0000%	8h	114.42	+0.017%	$3K	$170K	10x	as long as short
SunX EWT-USDT	0.0000%	8h	114.38	−0.017%	$970	$332K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EWT-USDT	0.0000%	8h	114.22	−0.157%	$15K	$8K	10x	as long as short
tradeXYZ xyz:EWT	+0.0008%	1h	114.37	−0.026%	$712K	$204K	20x	as long as short