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+0.0051%/8h= +5.6% APRpaid last 24h −0.040%
Price spread now: ApeX Omni against Binance+0.094%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$900.904% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.094%, 7d avg −0.020%
Together, before fees−0.131%−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.114% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance EWYUSDT189.880.0049pay 0.0049% / 8h3h 49m$27.7M$76.4M50x
ShortApeX Omni EWYUSDT190.060.0100get 0.0013% / 1h49m 01s$13K$265K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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
$10.68
Price spread: +0.094% → −0.020%
$11.4
Slippage, 4 orders
−$70.36
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$68.28
Costs to cover
0.904%
Break-even
51.7 days
Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 3 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 Binance live order book, 8 min ago0.26 bp5.3 bp −$56.6 bp −$6619.1 bp −$1,905doesn't fit
Sell ApeX Omni live order book, 3 min ago28.42 bp39.1 bp −$39202.8 bp −$2,028doesn't fitdoesn'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
Aster EWYUSDT0.0000%8h189.98+0.050%$295K$12K20xas long as short
Bybit EWYUSDT0.0000%8h189.87−0.006%$5.1M$4.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.85−0.017%$4.1M$3.3M50xas long as short
Gate EWY_USDT0.0000%8h189.85−0.017%$4.2M$3.8M50xas long as short
Bitget EWYUSDT0.0000%8h189.85−0.017%$2.7M$2.0M20xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.04+0.085%$752K$396K10xas long as short
SunX EWY-USDT0.0000%8h189.81−0.038%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h189.87−0.006%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.08+0.104%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h189.84−0.022%$1.7M$37K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY+0.0006%8h190.00+0.063%$1.2M$1.1Mas long as short
Lighter EWY+0.0032%1h189.81−0.038%$384K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.05+0.088%$220K25xas long as short
Extended EWY_24_5-USD+0.0048%1h189.87−0.009%$301K$669K10xas long as short
Popdex EWYUSDT+0.0048%1h189.93+0.025%$198K$147K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h189.83−0.027%$530K$293K20xas long as short
Binance EWYUSDTlong+0.0049%8h189.88long leg$27.7M$76.4M50x
tradeXYZ xyz:EWY+0.0050%1h189.78−0.054%$6.1M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h189.88−0.001%$30K$65K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.78−0.054%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.90+0.009%$743$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.81−0.038%$198K$267K10xas long as short
MEXC EWY_USDT+0.0051%8h189.88−0.001%$6.2M$3.8M100xas long as short
Paradex EWY-USD-PERP+0.0054%8h189.94+0.031%$235xas long as short
BloFin EWY-USDT+0.0064%8h189.90+0.009%$47K$213K50xas long as short
KuCoin EWYUSDTM+0.0100%8h189.86−0.012%$978K$613K20xas long as short
ApeX Omni EWYUSDTshort+0.0100%1h190.06+0.094%$13K$265K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.90+0.009%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0144%1h189.88−0.001%$28K$12K20xas long as short
edgeX EWYUSDC+0.0307%4h190.03+0.077%$426K$284K20xas long as short