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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.09 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter against ApeX Omni+0.189%78s7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$960.960% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.127%−$13 on $10k
Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.189%, 7d avg −0.048%
Together, before fees−0.329%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.237% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.048%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT190.280.0100pay 0.0013% / 1h25m 54s$13K$263K50x
ShortLighter EWY190.640.0032get 0.0004% / 1h25m 54s$379K$56K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$14.28
Price spread: +0.189% → −0.048%
$23.75
Slippage, 4 orders
−$85.95
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$86.48
Costs to cover
0.960%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 46 min ago; Lighter: live order book, 39 min ago.

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, 46 min ago28.20 bp40.5 bp −$41210.0 bp −$2,100doesn't fitdoesn't fit
Sell Lighter live order book, 39 min ago3.96 bp10.6 bp −$1117.2 bp −$17247.9 bp −$4,789doesn't fit

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
Bybit EWYUSDT0.0000%8h190.77+0.258%$5.3M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.74+0.242%$4.1M$3.3M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.04−0.124%$752K$384K10xas long as short
SunX EWY-USDT0.0000%8h190.57+0.152%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h190.70+0.221%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h190.79+0.268%$1.7M$38K10xas long as short
Lighter EWYshort+0.0032%1h190.64+0.189%$379K$56K20x
Vest EWY-USD-PERP+0.0046%1h190.97+0.363%$220K25xas long as short
Hotstuff EWY-PERP+0.0048%1h190.74+0.242%$29K$12K20xas long as short
Popdex EWYUSDT+0.0048%1h190.83+0.289%$196K$143K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h190.75+0.247%$6.3M$15.0M20xas long as short
Entropy io:EWY+0.0050%1h190.38+0.053%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.66+0.200%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.69+0.215%$439$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.64+0.189%$230K$233K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0065%1h190.80+0.273%$2K$13K20xas long as short
Paradex EWY-USD-PERP+0.0083%8h190.89+0.320%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.54+0.137%$982K$665K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h190.28long leg$13K$263K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.75+0.247%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h190.75+0.247%$532K$341K20xas long as short
edgeX EWYUSDC+0.0267%4h190.15−0.071%$426K$284K20xas long as short
OKX EWY-USDT-SWAP+0.0297%8h190.78+0.263%$4.2M$3.6M50xas long as short
Bitget EWYUSDT+0.0346%8h190.79+0.268%$2.7M$1.6M20xas long as short
Aster EWYUSDT+0.0498%8h190.72+0.232%$296K$12K20xas long as short
Variational Omni EWY+0.0592%8h190.74+0.244%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0616%1h190.74+0.241%$304K$717K10xas long as short
MEXC EWY_USDT+0.0616%8h190.75+0.247%$7.4M$4.5M100xas long as short
Binance EWYUSDT+0.0618%8h190.74+0.242%$28.7M$78.0M50xas long as short
BloFin EWY-USDT+0.0633%8h190.71+0.226%$47K$214K50xas long as short