Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h −0.050%

Price spread now: SoDEX against BloFin−0.042%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.042% cheaper against BloFin than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EWY-USDT	188.43	0.0001	pay 0.0001% / 8h	2h 04m	$47K	$216K	50x
Short	SoDEX EWY-USD	188.35	0.0050	get 0.0006% / 1h	4m 24s	$742	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $10.21
Price spread: −0.042% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.03
Costs to cover: 0.200%
Break-even: 16.6 days

Slippage unknown: BloFin: live order book, 11 min ago; SoDEX: 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 BloFin live order book, 11 min ago	0.27 bp	6.3 bp −$6	8.7 bp −$87	15.5 bp −$1,548	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bitget EWYUSDT	−0.0125%	8h	188.44	+0.005%	$2.7M	$2.3M	20x	as long as short
Aster EWYUSDT	0.0000%	8h	188.51	+0.044%	$292K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	188.36	−0.039%	$241K	$500K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	188.44	+0.005%	$27.4M	$81.3M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.44	+0.005%	$5.0M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.34	−0.048%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	188.48	+0.027%	$4.1M	$4.2M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	188.42	−0.005%	$8.9M	$4.2M	100x	as long as short
Variational Omni EWY	0.0000%	8h	188.57	+0.075%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	188.57	+0.074%	$746K	$423K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWY-USDT	0.0000%	8h	188.51	+0.042%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	188.42	−0.005%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	188.45	+0.011%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.43	0.000%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDTlong	+0.0001%	8h	188.43	long leg	$47K	$216K	50x
Lighter EWY	+0.0032%	1h	188.33	−0.053%	$382K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0040%	1h	188.48	+0.027%	$524K	$278K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.30	−0.069%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.45	+0.011%	$198K	$150K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.35	−0.042%	$6.3M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.33	−0.053%	$126K	$111K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.28	−0.080%	$4K	$126	20x	as long as short
SoDEX EWY-USDshort	+0.0050%	1h	188.35	−0.042%	$742	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	188.33	−0.053%	$216K	$319K	10x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	188.42	−0.006%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.18	−0.133%	$969K	$598K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.62	+0.101%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.48	+0.027%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0512%	1h	188.34	−0.048%	$28K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0612%	4h	188.59	+0.084%	$423K	$285K	20x	as long as short