Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h −0.012%
Price spread now: Entropy against ApeX Omni−0.095%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.095% cheaper against ApeX Omni than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT190.060.0100pay 0.0013% / 1h48m 50s$13K$265K50x
ShortEntropy io:EWY189.880.0050get 0.0006% / 1h48m 50s$30K$65K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against ApeX Omni. 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

Funding earned
−$10.5
Price spread: −0.095% → 0.000%
−$9.47
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$47.97
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 3 min ago; Entropy: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 3 min ago28.42 bp40.6 bp −$41216.5 bp −$2,165doesn't fitdoesn't fit
Sell Entropy no order-book sample
Entropy: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster EWYUSDT0.0000%8h189.97−0.048%$295K$12K20xas long as short
Bybit EWYUSDT0.0000%8h189.92−0.074%$5.1M$4.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.92−0.074%$4.1M$3.3M50xas long as short
Gate EWY_USDT0.0000%8h189.84−0.116%$4.2M$3.8M50xas long as short
Bitget EWYUSDT0.0000%8h189.90−0.084%$2.7M$2.0M20xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.04−0.009%$752K$396K10xas long as short
SunX EWY-USDT0.0000%8h189.81−0.132%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h189.87−0.100%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.08+0.011%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h189.84−0.116%$1.7M$37K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY+0.0006%8h190.00−0.031%$1.2M$1.1Mas long as short
Lighter EWY+0.0032%1h189.81−0.132%$384K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.05−0.005%$220K25xas long as short
Extended EWY_24_5-USD+0.0048%1h189.82−0.125%$301K$669K10xas long as short
Popdex EWYUSDT+0.0048%1h189.93−0.068%$198K$147K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h189.83−0.121%$530K$293K20xas long as short
Binance EWYUSDT+0.0049%8h189.89−0.089%$27.7M$76.4M50xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.78−0.147%$6.1M$14.3M20xas long as short
Entropy io:EWYshort+0.0050%1h189.88−0.095%$30K$65K25x
Polymarket Perps EWY-USD+0.0050%1h189.78−0.147%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.90−0.084%$743$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.81−0.132%$198K$267K10xas long as short
MEXC EWY_USDT+0.0051%8h189.83−0.121%$6.2M$3.8M100xas long as short
Paradex EWY-USD-PERP+0.0054%8h189.94−0.062%$235xas long as short
BloFin EWY-USDT+0.0064%8h189.90−0.084%$47K$213K50xas long as short
KuCoin EWYUSDTM+0.0100%8h189.84−0.116%$978K$613K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h190.06long leg$13K$265K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.90−0.084%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0144%1h189.88−0.095%$28K$12K20xas long as short
edgeX EWYUSDC+0.0307%4h190.03−0.017%$426K$284K20xas long as short