Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h −0.007%

Price spread now: Extended against Aster−0.052%7-day average −0.023% · you buy dearer than you sell

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.052%, 7d avg −0.023%

Together, before fees+0.037%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.002% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EWYUSDT	189.97	0.0359	pay 0.0359% / 8h	6h 23m	$295K	$12K	20x
Short	Extended EWY_24_5-USD	189.87	0.0448	get 0.0056% / 1h	23m 58s	$302K	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.052%Rate

Funding earned: $18.77
Price spread: −0.052% → −0.023%: −$2.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $2.89
Costs to cover: 0.130%
Break-even: 5.9 days

Slippage unknown: Aster: live order book, 43 min ago; Extended: live order book, 44 min ago. 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 Aster live order book, 43 min ago	1.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 44 min ago	0.03 bp	2.8 bp −$3	6.8 bp −$68	doesn't fit	doesn't fit

EWY on 29 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	−0.0066%	1h	189.85	−0.062%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.95	−0.010%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.98	+0.006%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.90	−0.038%	$750K	$386K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.85	−0.062%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.90	−0.036%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.95	−0.010%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.84	−0.068%	$385K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.02	+0.027%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.91	−0.031%	$197K	$146K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.56	−0.215%	$529K	$331K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.85	−0.062%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.83	−0.073%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.75	−0.115%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.92	−0.026%	$677	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.89	−0.041%	$198K	$267K	10x	as long as short
edgeX EWYUSDC	+0.0052%	4h	189.94	−0.018%	$426K	$282K	20x	as long as short
Paradex EWY-USD-PERP	+0.0058%	8h	189.90	−0.039%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.79	−0.094%	$978K	$633K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.86	−0.057%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.93	−0.020%	$2K	$1K	20x	as long as short
Bitget EWYUSDT	+0.0162%	8h	189.92	−0.026%	$2.8M	$1.9M	20x	as long as short
OKX EWY-USDT-SWAP	+0.0190%	8h	190.01	+0.022%	$4.1M	$3.5M	50x	as long as short
Hotstuff EWY-PERP	+0.0248%	1h	189.83	−0.073%	$28K	$12K	20x	as long as short
Aster EWYUSDTlong	+0.0359%	8h	189.97	long leg	$295K	$12K	20x
Variational Omni EWY	+0.0434%	8h	189.98	+0.008%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USDshort	+0.0448%	1h	189.87	−0.052%	$302K	$670K	10x
Binance EWYUSDT	+0.0452%	8h	189.91	−0.031%	$28.4M	$77.5M	50x	as long as short
MEXC EWY_USDT	+0.0456%	8h	189.93	−0.020%	$7.0M	$4.2M	100x	as long as short