Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h −0.599%

Price spread now: Hotstuff against Binance−0.058%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWYUSDT	188.68	0	get 0.0000% / 8h	3h 01m	$27.6M	$77.9M	50x
Short	Hotstuff EWY-PERP	188.57	0.0088	get 0.0011% / 1h	1m 16s	$28K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.058%Rate

Funding earned: $18.48
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$2.35
Costs to cover: 0.150%
Break-even: 7.9 days

Slippage unknown: Binance: live order book, 11 min ago; Hotstuff: 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	5.4 bp −$5	7.3 bp −$73	19.2 bp −$1,918	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.0121%	1h	188.55	−0.069%	$2K	$14K	20x	as long as short
Aster EWYUSDT	0.0000%	8h	188.69	+0.007%	$293K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	188.64	−0.021%	$300K	$422K	10x	as long as short
Binance EWYUSDTlong	0.0000%	8h	188.68	long leg	$27.6M	$77.9M	50x
Bybit EWYUSDT	0.0000%	8h	188.69	+0.005%	$5.1M	$4.4M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.63	−0.026%	$4.2M	$4.1M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	188.69	+0.005%	$4.1M	$3.9M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	188.69	+0.005%	$6.2M	$3.8M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.72	+0.021%	$2.7M	$2.2M	20x	as long as short
Variational Omni EWY	0.0000%	8h	188.85	+0.091%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	188.78	+0.051%	$747K	$406K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	188.81	+0.069%	—	$2.5M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	188.86	+0.095%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.71	+0.016%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0003%	8h	188.69	+0.005%	$48K	$215K	50x	as long as short
Lighter EWY	+0.0032%	1h	188.51	−0.090%	$382K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.65	−0.016%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.72	+0.021%	$197K	$147K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	188.40	−0.148%	$524K	$290K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.55	−0.069%	$6.2M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.76	+0.042%	$65K	$81K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.50	−0.095%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.69	+0.005%	$732	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.63	−0.026%	$202K	$304K	10x	as long as short
Paradex EWY-USD-PERP	+0.0051%	8h	188.75	+0.039%	$23	—	5x	as long as short
Hotstuff EWY-PERPshort	+0.0088%	1h	188.57	−0.058%	$28K	$12K	20x
KuCoin EWYUSDTM	+0.0100%	8h	188.66	−0.011%	$972K	$612K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.79	+0.058%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.66	−0.011%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0792%	4h	188.92	+0.128%	$424K	$285K	20x	as long as short