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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment $0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Entropy against Coinbase International+0.163%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Entropy is 0.163% dearer against Coinbase International than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EWY-PERP-INTX189.770.0144pay 0.0018% / 1h34m 51s$530K$338K20x
ShortEntropy io:EWY190.080.0050get 0.0006% / 1h34m 51s$52K$58K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy 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
−$19.74
Price spread: +0.163% → 0.000%
$16.34
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$31.4
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 38 min ago; Entropy: 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 Coinbase International live order book, 38 min ago2.90 bp7.9 bp −$812.8 bp −$128doesn't fitdoesn't fit
Sell Entropy no order-book sample
Entropy: 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%8h190.04+0.142%$5.2M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h189.98+0.111%$4.1M$3.3M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.21+0.232%$753K$387K10xas long as short
SunX EWY-USDT0.0000%8h190.15+0.200%$2.7M20xas long as short
HTX EWY-USDT0.0000%8h190.23+0.242%$26K$28K20xas long as short
Phemex EWYUSDT0.0000%8h190.04+0.142%$1.7M$38K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0013%1h190.06+0.153%$2K$13K20xas long as short
Lighter EWY+0.0032%1h189.93+0.084%$379K$54K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.31+0.285%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.09+0.169%$195K$141K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h189.93+0.084%$6.3M$14.9M20xas long as short
Entropy io:EWYshort+0.0050%1h190.08+0.163%$52K$58K25x
Polymarket Perps EWY-USD+0.0050%1h189.90+0.069%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.07+0.158%$401$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.03+0.137%$229K$231K10xas long as short
Paradex EWY-USD-PERP+0.0090%8h190.11+0.179%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h189.95+0.095%$979K$671K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.18+0.216%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.13+0.190%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTXlong+0.0144%1h189.77long leg$530K$338K20x
OKX EWY-USDT-SWAP+0.0313%8h189.99+0.116%$4.1M$3.6M50xas long as short
Bitget EWYUSDT+0.0319%8h189.95+0.095%$2.7M$1.6M20xas long as short
Aster EWYUSDT+0.0520%8h190.18+0.215%$295K$12K20xas long as short
Variational Omni EWY+0.0618%8h190.12+0.182%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0646%8h190.02+0.130%$28.6M$78.1M50xas long as short
Extended EWY_24_5-USD+0.0648%1h190.02+0.131%$299K$690K10xas long as short
MEXC EWY_USDT+0.0649%8h189.99+0.116%$7.5M$4.5M100xas long as short
BloFin EWY-USDT+0.0665%8h190.10+0.174%$47K$214K50xas long as short
Hotstuff EWY-PERP+0.0688%1h190.08+0.163%$28K$12K20xas long as short
edgeX EWYUSDC+0.0700%4h190.18+0.214%$426K$282K20xas long as short