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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.069%
Price spread now: ApeX Omni against Bitget−0.138%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$930.932% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.218%+$22 on $10k
Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.138%, 7d avg −0.027%
Together, before fees+0.335%+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.111% cheaper against Bitget than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.027%). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EWYUSDT188.280get 0.0000% / 8h4h 08m$3.3M$3.4M20x
ShortApeX Omni EWYUSDT188.020.0100get 0.0013% / 1h8m 45s$13K$266K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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
$21
Price spread: −0.138% → −0.027%
−$11.07
Slippage, 4 orders
−$71.16
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$83.24
Costs to cover
0.932%
Break-even
34.7 days
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 31 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 Bitget live order book, 2 min ago1.06 bp8.7 bp −$912.6 bp −$12633.7 bp −$3,369doesn't fit
Sell ApeX Omni live order book, 31 min ago26.84 bp37.4 bp −$37203.3 bp −$2,033doesn't fitdoesn't fit

EWY on 30 exchanges

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%8h188.280.000%$5.0M$5.1M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h188.24−0.021%$4.0M$4.9M50xas long as short
Bitget EWYUSDTlong0.0000%8h188.28long leg$3.3M$3.4M20x
SunX EWY-USDT0.0000%8h187.91−0.197%$1.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h188.20−0.042%$2K$8K20xas long as short
Phemex EWYUSDT0.0000%8h188.27−0.005%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h188.09−0.101%$381K$44K20xas long as short
Vest EWY-USD-PERP+0.0046%1h188.280.000%$224K25xas long as short
Popdex EWYUSDT+0.0048%1h188.23−0.027%$203K$178K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h188.19−0.048%$523K$256K20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h188.14−0.074%$5.8M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h188.22−0.032%$144K$119K25xas long as short
SoDEX EWY-USD+0.0050%1h188.22−0.032%$762$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h188.06−0.117%$205K$338K10xas long as short
Paradex EWY-USD-PERP+0.0053%8h188.35+0.039%$235xas long as short
Gate EWY_USDT+0.0076%8h188.33+0.027%$3.9M$5.1M50xas long as short
KuCoin EWYUSDTM+0.0100%8h188.13−0.080%$968K$772K20xas long as short
ApeX Omni EWYUSDTshort+0.0100%1h188.02−0.138%$13K$266K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.25−0.016%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0200%1h188.16−0.064%$28K$17K20xas long as short
Polymarket Perps EWY-USD+0.0247%1h188.38+0.053%$4K$10K20xas long as short
edgeX EWYUSDC+0.0507%4h188.29+0.005%$422K$295K20xas long as short
Aster EWYUSDT+0.0512%8h188.15−0.069%$291K$14K20xas long as short
HTX EWY-USDT+0.0528%8h188.46+0.096%$22K$36K20xas long as short
Variational Omni EWY+0.0596%8h188.16−0.062%$1.1M$944Kas long as short
MEXC EWY_USDT+0.0617%8h188.23−0.027%$6.7M$4.8M100xas long as short
Binance EWYUSDT+0.0621%8h188.21−0.037%$25.9M$87.3M50xas long as short
Extended EWY_24_5-USD+0.0624%1h188.15−0.068%$247K$1.5M10xas long as short
BloFin EWY-USDT+0.0648%8h188.23−0.027%$48K$249K50xas long as short
GRVT EWY_USDT_Perp+0.1007%8h188.31+0.015%$738K$413K10xas long as short