Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment $0.29 per $10,000 · paid last 24h −0.040%
Price spread now: Orderly against Binance−0.026%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance EWYUSDT190.810.0129pay 0.0129% / 8h4h 23m$28.2M$76.4M50x
ShortOrderly PERP_EWY_USDC_mythos190.760.0100get 0.0100% / 8h4h 23m$2K$1K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$6.13
Price spread: −0.026% → 0.000%
−$2.55
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$24.68
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.26 bp5.3 bp −$57.4 bp −$7420.7 bp −$2,069doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EWYUSDT0.0000%8h190.80−0.005%$5.2M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.77−0.020%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.70−0.059%$754K$394K10xas long as short
SunX EWY-USDT0.0000%8h190.70−0.057%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.69−0.062%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.67−0.073%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.53−0.146%$386K$39K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h190.57−0.125%$531K$302K20xas long as short
OKX EWY-USDT-SWAP+0.0040%8h190.75−0.031%$4.2M$3.3M50xas long as short
Vest EWY-USD-PERP+0.0046%1h190.94+0.069%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.78−0.015%$198K$146K20xas long as short
Bitget EWYUSDT+0.0049%8h190.76−0.026%$2.7M$2.0M20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.69−0.062%$6.2M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.57−0.125%$30K$67K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.58−0.120%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.73−0.041%$751$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.65−0.083%$201K$266K10xas long as short
Aster EWYUSDT+0.0052%8h190.74−0.037%$296K$12K20xas long as short
Paradex EWY-USD-PERP+0.0053%8h190.79−0.011%$235xas long as short
Variational Omni EWY+0.0094%8h190.62−0.099%$1.2M$1.1Mas long as short
KuCoin EWYUSDTM+0.0100%8h190.65−0.083%$982K$624K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.59−0.115%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythosshort+0.0100%8h190.76−0.026%$2K$1K20x
Extended EWY_24_5-USD+0.0128%1h190.76−0.027%$301K$672K10xas long as short
Binance EWYUSDTlong+0.0129%8h190.81long leg$28.2M$76.4M50x
MEXC EWY_USDT+0.0131%8h190.78−0.015%$6.5M$3.9M100xas long as short
BloFin EWY-USDT+0.0137%8h190.66−0.078%$48K$214K50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0170%1h190.75−0.031%$2K$13K20xas long as short
edgeX EWYUSDC+0.0220%4h190.64−0.089%$427K$283K20xas long as short
Hotstuff EWY-PERP+0.0336%1h190.61−0.104%$29K$12K20xas long as short