Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0323%/8h= +35.3% APRpaid last 24h +0.045%

Price spread now: edgeX against Deribit−0.103%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.103% cheaper against Deribit than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EWY_USDC-PERPETUAL	189.82	0.0277	pay 0.0035% / 1h	20m 34s	$2K	$13K	20x
Short	edgeX EWYUSDC	189.62	0.0600	get 0.0300% / 4h	20m 34s	$425K	$275K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $67.78
Price spread: −0.103% → 0.000%: −$10.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $41.46
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 58 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 edgeX live order book, 58 min ago	5.55 bp	10.2 bp −$10	14.1 bp −$141	doesn't fit	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
Gate EWY_USDT	0.0000%	8h	189.81	−0.005%	$3.4M	$2.9M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.48	−0.179%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.77	−0.026%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.73	−0.047%	$377K	$62K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.86	+0.021%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.83	+0.005%	$195K	$138K	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.67	−0.079%	$51K	$59K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.64	−0.095%	$4K	$81	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.78	−0.021%	$777	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.73	−0.047%	$243K	$207K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EWYUSDTM	+0.0100%	8h	189.66	−0.084%	$965K	$691K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.68	−0.074%	$13K	$262K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.77	−0.026%	$2K	$1K	20x	as long as short
Paradex EWY-USD-PERP	+0.0137%	8h	189.90	+0.043%	$23	—	5x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.63	−0.100%	$528K	$340K	20x	as long as short
tradeXYZ xyz:EWY	+0.0156%	1h	189.78	−0.021%	$6.7M	$14.7M	20x	as long as short
Bybit EWYUSDT	+0.0166%	8h	189.92	+0.053%	$5.3M	$4.2M	100x	as long as short
HTX EWY-USDT	+0.0216%	8h	189.65	−0.090%	$36K	$8K	20x	as long as short
Bitget EWYUSDT	+0.0219%	8h	189.90	+0.042%	$2.6M	$1.6M	20x	as long as short
Deribit EWY_USDC-PERPETUALlong	+0.0277%	1h	189.82	long leg	$2K	$13K	20x
OKX EWY-USDT-SWAP	+0.0319%	8h	189.89	+0.037%	$4.0M	$4.1M	50x	as long as short
Hotstuff EWY-PERP	+0.0496%	1h	189.76	−0.032%	$28K	$12K	20x	as long as short
Aster EWYUSDT	+0.0552%	8h	189.69	−0.068%	$294K	$12K	20x	as long as short
edgeX EWYUSDCshort	+0.0600%	4h	189.62	−0.103%	$425K	$275K	20x
Variational Omni EWY	+0.0645%	8h	189.77	−0.027%	$1.5M	$991K	—	as long as short
GRVT EWY_USDT_Perp	+0.0653%	8h	189.68	−0.076%	$750K	$395K	10x	as long as short
MEXC EWY_USDT	+0.0676%	8h	189.82	0.000%	$7.5M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0678%	8h	189.82	−0.002%	$28.6M	$79.8M	50x	as long as short
BloFin EWY-USDT	+0.0680%	8h	189.81	−0.005%	$47K	$214K	50x	as long as short
Extended EWY_24_5-USD	+0.0680%	1h	189.78	−0.019%	$298K	$396K	10x	as long as short