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−0.0049%/8h= −5.4% APRnext payment $0.49 per $10,000 · paid last 24h +0.042%
Price spread now: GRVT against Bitget+0.009%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.115%+$11 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.009%, 7d avg −0.013%
Together, before fees+0.142%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.022% dearer against Bitget than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.013%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EWYUSDT190.680.0049pay 0.0049% / 8h4h 25m$2.7M$2.0M20x
ShortGRVT EWY_USDT_Perp190.700get 0.0000% / 8h4h 25m$754K$394K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
−$10.29
Price spread: +0.009% → −0.013%
$2.17
Slippage, 4 orders
−$9.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$38.88
Costs to cover
0.308%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 33 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 ago0.79 bp9.6 bp −$1014.5 bp −$14519.7 bp −$1,972doesn't fit
Sell GRVT live order book, 33 min ago0.26 bp4.8 bp −$59.0 bp −$90doesn'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
Bybit EWYUSDT0.0000%8h190.72+0.021%$5.2M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.69+0.005%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perpshort0.0000%8h190.70+0.009%$754K$394K10x
SunX EWY-USDT0.0000%8h190.63−0.026%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.69+0.005%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.66−0.010%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.53−0.079%$386K$39K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h190.57−0.058%$531K$302K20xas long as short
OKX EWY-USDT-SWAP+0.0042%8h190.69+0.005%$4.1M$3.3M50xas long as short
Vest EWY-USD-PERP+0.0046%1h190.88+0.105%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.67−0.005%$198K$146K20xas long as short
Bitget EWYUSDTlong+0.0049%8h190.68long leg$2.7M$2.0M20x
tradeXYZ xyz:EWY+0.0050%1h190.61−0.037%$6.2M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h190.56−0.063%$30K$67K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.48−0.105%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.67−0.005%$749$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.65−0.016%$201K$266K10xas long as short
Paradex EWY-USD-PERP+0.0054%8h190.64−0.022%$235xas long as short
Aster EWYUSDT+0.0059%8h190.67−0.007%$296K$12K20xas long as short
Variational Omni EWY+0.0094%8h190.62−0.032%$1.2M$1.1Mas long as short
KuCoin EWYUSDTM+0.0100%8h190.57−0.058%$982K$624K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.63−0.026%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.66−0.010%$2K$1K20xas long as short
Binance EWYUSDT+0.0135%8h190.66−0.010%$28.1M$76.4M50xas long as short
Extended EWY_24_5-USD+0.0136%1h190.61−0.037%$301K$672K10xas long as short
MEXC EWY_USDT+0.0136%8h190.67−0.005%$6.5M$3.9M100xas long as short
BloFin EWY-USDT+0.0137%8h190.66−0.010%$48K$214K50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0170%1h190.64−0.021%$2K$13K20xas long as short
Hotstuff EWY-PERP+0.0256%1h190.58−0.052%$29K$12K20xas long as short
edgeX EWYUSDC+0.0653%4h190.67−0.005%$427K$283K20xas long as short