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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0041%/8h= +4.4% APRpaid last 24h +0.068%
Price spread now: edgeX against Coinbase International+0.008%77s7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs+$43as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$370.375% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.803%+$80 on $10k
Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.008%, 7d avg +0.064%
Together, before fees+0.839%+ Points / potential airdropedgeX: Active · farm board+$84 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.056% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.064%). If the spread goes back, that is −$6 on $10k: about 4.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.803% in total) that is about 12 hours. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EWY-PERP-INTX189.130.0120pay 0.0015% / 1h13m 56s$525K$332K20x
ShortedgeX EWYUSDC189.140.0161get 0.0080% / 4h1h 13m$424K$275K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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
$8.53
Price spread: +0.008% → +0.064%
−$5.59
Slippage, 4 orders
−$18.47
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$34.54
Costs to cover
0.375%
Break-even
35.3 days
Slippage from Coinbase International: live order book, 4 min ago; edgeX: live order book, 5 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 Coinbase International live order book, 4 min ago2.38 bp8.0 bp −$813.6 bp −$136doesn't fitdoesn't fit
Sell edgeX live order book, 5 min ago5.55 bp10.2 bp −$1014.1 bp −$141doesn'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
Hotstuff EWY-PERP−0.0008%1h189.26+0.069%$28K$12K20xas long as short
Gate EWY_USDT0.0000%8h189.31+0.095%$3.2M$2.8M50xas long as short
SunX EWY-USDT0.0000%8h189.14+0.005%$2.7M20xas long as short
Phemex EWYUSDT0.0000%8h189.31+0.095%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.16+0.016%$377K$96K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.29+0.085%$217K25xas long as short
Popdex EWYUSDT+0.0048%1h189.31+0.095%$195K$138K20xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.17+0.021%$4K$5920xas long as short
SoDEX EWY-USD+0.0050%1h189.25+0.063%$784$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.20+0.037%$221K$181K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0064%1h189.25+0.063%$6.4M$14.8M20xas long as short
Entropy io:EWY+0.0067%1h189.27+0.074%$51K$42K25xas long as short
Bybit EWYUSDT+0.0072%8h189.40+0.143%$5.2M$4.1M100xas long as short
KuCoin EWYUSDTM+0.0100%8h189.18+0.026%$963K$725K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.08−0.026%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.33+0.106%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTXlong+0.0120%1h189.13long leg$525K$332K20x
Paradex EWY-USD-PERP+0.0151%8h189.27+0.073%$235xas long as short
edgeX EWYUSDCshort+0.0161%4h189.14+0.008%$424K$275K20x
Bitget EWYUSDT+0.0184%8h189.35+0.116%$2.5M$1.5M20xas long as short
HTX EWY-USDT+0.0223%8h189.31+0.095%$36K$8K20xas long as short
OKX EWY-USDT-SWAP+0.0242%8h189.37+0.127%$4.0M$4.1M50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0437%1h189.31+0.095%$2K$13K20xas long as short
Aster EWYUSDT+0.0508%8h189.26+0.067%$293K$12K20xas long as short
Variational Omni EWY+0.0583%8h189.13+0.001%$1.4M$889Kas long as short
BloFin EWY-USDT+0.0611%8h189.21+0.042%$47K$214K50xas long as short
Binance EWYUSDT+0.0615%8h189.31+0.093%$28.5M$79.6M50xas long as short
Extended EWY_24_5-USD+0.0616%1h189.27+0.076%$304K$392K10xas long as short
MEXC EWY_USDT+0.0616%8h189.31+0.095%$7.5M$4.5M100xas long as short
GRVT EWY_USDT_Perp+0.0692%8h189.14+0.005%$748K$399K10xas long as short