Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against ApeX Omni−0.184%70s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.184% cheaper against ApeX Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EWYUSDT	190.15	0.0100	pay 0.0013% / 1h	41m 55s	$13K	$263K	50x
Short	Orderly PERP_EWY_USDC_mythos	189.80	0.0100	get 0.0100% / 8h	6h 41m	$2K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee OrderlybpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → 0.000%: −$18.41
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 25 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 25 min ago	28.60 bp	40.3 bp −$40	194.9 bp −$1,949	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit EWY_USDC-PERPETUAL	−0.0172%	1h	189.65	−0.263%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.78	−0.195%	$5.2M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.76	−0.205%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.99	−0.085%	$751K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.77	−0.200%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.79	−0.189%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.74	−0.216%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.58	−0.300%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.92	−0.121%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.73	−0.221%	$197K	$143K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	+0.068%	$531K	$337K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.68	−0.247%	$6.3M	$14.1M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.89	−0.137%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.58	−0.300%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.75	−0.210%	$606	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.81	−0.179%	$230K	$231K	10x	as long as short
Paradex EWY-USD-PERP	+0.0062%	8h	189.74	−0.214%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.79	−0.189%	$978K	$634K	20x	as long as short
ApeX Omni EWYUSDTlong	+0.0100%	1h	190.15	long leg	$13K	$263K	50x
Orderly PERP_EWY_USDC_mythosshort	+0.0100%	8h	189.80	−0.184%	$2K	$1K	20x
OKX EWY-USDT-SWAP	+0.0230%	8h	189.74	−0.216%	$4.1M	$3.4M	50x	as long as short
Hotstuff EWY-PERP	+0.0248%	1h	189.71	−0.231%	$28K	$12K	20x	as long as short
Bitget EWYUSDT	+0.0350%	8h	189.74	−0.216%	$2.8M	$1.8M	20x	as long as short
Aster EWYUSDT	+0.0419%	8h	189.84	−0.164%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0518%	8h	190.19	+0.019%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0528%	8h	189.70	−0.235%	$28.4M	$77.4M	50x	as long as short
Extended EWY_24_5-USD	+0.0528%	1h	189.69	−0.240%	$304K	$670K	10x	as long as short
MEXC EWY_USDT	+0.0531%	8h	189.77	−0.200%	$7.0M	$4.1M	100x	as long as short
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.147%	$2K	$214K	50x	as long as short
edgeX EWYUSDC	+0.0976%	4h	190.18	+0.015%	$426K	$283K	20x	as long as short