Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0369%/8h= +40.4% APRpaid last 24h −0.033%

Price spread now: Binance against Deribit−0.026%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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. Binance is 0.026% cheaper against Deribit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EWY_USDC-PERPETUAL	188.92	0	get 0.0000% / 1h	9m 17s	$2K	$13K	20x
Short	Binance EWYUSDT	188.87	0.0369	get 0.0369% / 8h	2h 09m	$28.3M	$79.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $77.48
Price spread: −0.026% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $57.83
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 3 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.26 bp	5.9 bp −$6	9.6 bp −$96	25.1 bp −$2,513	doesn't fit

Deribit: 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
Bybit EWYUSDT	0.0000%	8h	188.96	+0.021%	$5.6M	$3.5M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	188.85	−0.037%	$3.2M	$2.7M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	188.56	−0.191%	—	$2.7M	20x	as long as short
Deribit EWY_USDC-PERPETUALlong	0.0000%	1h	188.92	long leg	$2K	$13K	20x
Phemex EWYUSDT	0.0000%	8h	188.88	−0.021%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.81	−0.058%	$376K	$95K	20x	as long as short
HTX EWY-USDT	+0.0041%	8h	188.98	+0.032%	$36K	$8K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.73	−0.101%	—	$217K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.87	−0.026%	$193K	$139K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.82	−0.053%	$6.4M	$14.9M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps EWY-USD	+0.0050%	1h	188.76	−0.085%	$4K	$38	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.87	−0.026%	$774	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.79	−0.069%	$221K	$181K	10x	as long as short
Entropy io:EWY	+0.0096%	1h	188.84	−0.042%	$49K	$36K	25x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.85	−0.037%	$958K	$724K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.96	+0.021%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.90	−0.011%	$2K	$1K	20x	as long as short
Bitget EWYUSDT	+0.0104%	8h	188.88	−0.021%	$2.5M	$1.4M	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0128%	1h	188.92	0.000%	$524K	$331K	20x	as long as short
Paradex EWY-USD-PERP	+0.0129%	8h	189.05	+0.070%	$23	—	5x	as long as short
OKX EWY-USDT-SWAP	+0.0155%	8h	188.93	+0.005%	$4.0M	$4.0M	50x	as long as short
Aster EWYUSDT	+0.0278%	8h	188.75	−0.088%	$293K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0308%	4h	188.93	+0.006%	$423K	$273K	20x	as long as short
Variational Omni EWY	+0.0313%	8h	188.93	+0.006%	$1.4M	$890K	—	as long as short
BloFin EWY-USDT	+0.0362%	8h	188.88	−0.021%	$47K	$213K	50x	as long as short
MEXC EWY_USDT	+0.0362%	8h	188.87	−0.026%	$7.5M	$4.6M	100x	as long as short
Extended EWY_24_5-USD	+0.0368%	1h	188.85	−0.035%	$304K	$410K	10x	as long as short
Binance EWYUSDTshort	+0.0369%	8h	188.87	−0.026%	$28.3M	$79.7M	50x
Hotstuff EWY-PERP	+0.0376%	1h	188.87	−0.026%	$28K	$12K	20x	as long as short
GRVT EWY_USDT_Perp	+0.0489%	8h	188.91	−0.007%	$748K	$416K	10x	as long as short