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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.013%
Price spread now: Orderly against Coinbase International+0.053%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.053% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EWY-PERP-INTX190.280.0048pay 0.0006% / 1h47m 36s$531K$339K20x
ShortOrderly PERP_EWY_USDC_mythos190.380.0100get 0.0100% / 8h6h 47m$2K$1K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$10.92
Price spread: +0.053% → 0.000%
$5.26
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$0.18
Costs to cover
0.160%
Break-even
6.9 days
Slippage unknown: Coinbase International: live order book, 21 min ago; Orderly: 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, 21 min ago4.46 bp9.5 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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
Deribit EWY_USDC-PERPETUAL−0.0275%1h190.29+0.005%$2K$13K20xas long as short
Hotstuff EWY-PERP−0.0064%1h190.07−0.110%$28K$12K20xas long as short
Bybit EWYUSDT0.0000%8h190.17−0.058%$5.2M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.21−0.037%$4.0M$3.5M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.39+0.060%$753K$384K10xas long as short
SunX EWY-USDT0.0000%8h190.40+0.063%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h190.48+0.105%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h190.280.000%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.24−0.021%$386K$34K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.56+0.147%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.17−0.058%$196K$142K20xas long as short
Coinbase International EWY-PERP-INTXlong+0.0048%1h190.28long leg$531K$339K20x
tradeXYZ xyz:EWY+0.0050%1h190.15−0.068%$6.2M$14.1M20xas long as short
Entropy io:EWY+0.0050%1h190.31+0.016%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.13−0.079%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.29+0.005%$584$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.31+0.016%$230K$234K10xas long as short
edgeX EWYUSDC+0.0062%4h190.41+0.068%$427K$283K20xas long as short
Paradex EWY-USD-PERP+0.0063%8h190.06−0.116%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.23−0.026%$980K$635K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.40+0.063%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythosshort+0.0100%8h190.38+0.053%$2K$1K20x
OKX EWY-USDT-SWAP+0.0239%8h190.23−0.026%$4.2M$3.4M50xas long as short
Bitget EWYUSDT+0.0403%8h190.23−0.026%$2.7M$1.6M20xas long as short
Aster EWYUSDT+0.0435%8h190.42+0.073%$295K$12K20xas long as short
Variational Omni EWY+0.0536%8h190.48+0.103%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0545%8h190.17−0.058%$28.4M$77.1M50xas long as short
MEXC EWY_USDT+0.0551%8h190.15−0.068%$7.0M$4.1M100xas long as short
Extended EWY_24_5-USD+0.0552%1h190.12−0.084%$304K$670K10xas long as short
BloFin EWY-USDT+0.0565%8h190.43+0.079%$2K$214K50xas long as short