Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0321%/8h= −35.2% APRpaid last 24h −0.028%

Price spread now: Deribit against Binance+0.029%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.029% dearer against Binance than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWYUSDT	190.22	0.0387	pay 0.0387% / 8h	6h 01m	$28.4M	$77.3M	50x
Short	Deribit EWY_USDC-PERPETUAL	190.28	0.0065	get 0.0008% / 1h	1m 37s	$2K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BinancebpFee DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$67.43
Price spread: +0.029% → 0.000%: $2.91
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$81.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; Deribit: 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 Binance live order book, 11 min ago	0.26 bp	5.3 bp −$5	6.6 bp −$66	18.8 bp −$1,883	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 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
Bybit EWYUSDT	0.0000%	8h	190.27	+0.024%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.19	−0.018%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.12	−0.054%	$751K	$390K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.23	+0.003%	—	$2.5M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.00	−0.118%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.18	−0.023%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.21	−0.008%	$386K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.31	+0.045%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.16	−0.034%	$197K	$147K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.56	−0.349%	$529K	$322K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:EWY	+0.0050%	1h	190.14	−0.044%	$6.1M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.05	−0.092%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.02	−0.108%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.17	−0.029%	$739	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.90	−0.171%	$197K	$274K	10x	as long as short
Bitget EWYUSDT	+0.0053%	8h	190.13	−0.050%	$2.7M	$2.0M	20x	as long as short
Paradex EWY-USD-PERP	+0.0062%	8h	190.24	+0.009%	$23	—	5x	as long as short
Deribit EWY_USDC-PERPETUALshort	+0.0065%	1h	190.28	+0.029%	$2K	$13K	20x
KuCoin EWYUSDTM	+0.0100%	8h	190.13	−0.050%	$979K	$628K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.83	−0.207%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.26	+0.019%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0159%	8h	190.23	+0.003%	$4.1M	$3.5M	50x	as long as short
edgeX EWYUSDC	+0.0195%	4h	190.01	−0.114%	$426K	$284K	20x	as long as short
Aster EWYUSDT	+0.0300%	8h	190.37	+0.074%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0370%	8h	189.94	−0.149%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDTlong	+0.0387%	8h	190.22	long leg	$28.4M	$77.3M	50x
MEXC EWY_USDT	+0.0391%	8h	190.16	−0.034%	$7.0M	$4.3M	100x	as long as short
Extended EWY_24_5-USD	+0.0392%	1h	190.17	−0.029%	$302K	$665K	10x	as long as short
Hotstuff EWY-PERP	+0.0584%	1h	190.20	−0.013%	$29K	$12K	20x	as long as short