Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h 0.000%

Price spread now: HTX against Coinbase International+0.047%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. HTX is 0.047% dearer against Coinbase International than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EWY-PERP-INTX	189.78	0.0144	pay 0.0018% / 1h	51m 14s	$530K	$338K	20x
Short	HTX EWY-USDT	189.87	0	get 0.0000% / 8h	7h 51m	$37K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$30.24
Price spread: +0.047% → 0.000%: $4.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.5
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 22 min ago; HTX: 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 Coinbase International live order book, 22 min ago	2.90 bp	7.9 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Gate EWY_USDT	0.0000%	8h	189.98	+0.105%	$4.1M	$3.2M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.94	+0.084%	$752K	$389K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.89	+0.058%	—	$2.7M	20x	as long as short
HTX EWY-USDTshort	0.0000%	8h	189.87	+0.047%	$37K	$8K	20x
Phemex EWYUSDT	0.0000%	8h	189.93	+0.079%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.90	+0.063%	$379K	$54K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.03	+0.132%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.93	+0.079%	$196K	$143K	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.78	0.000%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.81	+0.016%	$4K	$109	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX EWY-USD	+0.0050%	1h	189.94	+0.084%	$784	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.76	−0.011%	$242K	$215K	10x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0066%	1h	190.02	+0.126%	$2K	$13K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.89	+0.058%	$977K	$679K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.79	+0.005%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.05	+0.142%	$2K	$1K	20x	as long as short
Paradex EWY-USD-PERP	+0.0108%	8h	190.00	+0.117%	$23	—	5x	as long as short
Coinbase International EWY-PERP-INTXlong	+0.0144%	1h	189.78	long leg	$530K	$338K	20x
Bybit EWYUSDT	+0.0147%	8h	189.98	+0.105%	$5.3M	$4.2M	100x	as long as short
tradeXYZ xyz:EWY	+0.0189%	1h	189.98	+0.105%	$6.5M	$14.7M	20x	as long as short
Bitget EWYUSDT	+0.0250%	8h	189.90	+0.063%	$2.7M	$1.6M	20x	as long as short
OKX EWY-USDT-SWAP	+0.0336%	8h	189.98	+0.105%	$4.1M	$3.6M	50x	as long as short
Hotstuff EWY-PERP	+0.0456%	1h	189.86	+0.042%	$28K	$12K	20x	as long as short
Aster EWYUSDT	+0.0557%	8h	190.04	+0.135%	$295K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0602%	4h	189.90	+0.064%	$426K	$282K	20x	as long as short
Variational Omni EWY	+0.0654%	8h	189.97	+0.098%	$1.2M	$1.3M	—	as long as short
Binance EWYUSDT	+0.0686%	8h	190.00	+0.114%	$28.6M	$79.1M	50x	as long as short
Extended EWY_24_5-USD	+0.0688%	1h	189.97	+0.099%	$303K	$434K	10x	as long as short
MEXC EWY_USDT	+0.0688%	8h	189.93	+0.079%	$7.4M	$4.4M	100x	as long as short
BloFin EWY-USDT	+0.0692%	8h	189.93	+0.079%	$47K	$214K	50x	as long as short