Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0603%/8h= −66.0% APRpaid last 24h −0.169%

Price spread now: Bitget against edgeX+0.191%84s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.381% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.006%−$101 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.191%, 7d avg +0.015%

Together, before fees−1.260%+ Points / potential airdropedgeX: Active · farm board−$126 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.176% dearer against edgeX than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.015%): +$18 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 23 hours. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWYUSDC	190.09	0.0671	pay 0.0335% / 4h	1h 36m	$426K	$282K	20x
Short	Bitget EWYUSDT	190.45	0.0068	get 0.0068% / 8h	5h 36m	$2.7M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$126.61
Price spread: +0.191% → +0.015%: $17.55
Slippage, 4 orders: −$17.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$147.12
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from edgeX: live order book, 27 min ago; Bitget: live order book, 1 min ago.

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 edgeX live order book, 27 min ago	5.26 bp	10.0 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.79 bp	9.1 bp −$9	15.8 bp −$158	33.5 bp −$3,355	68.9 bp −$34.4K

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
Hotstuff EWY-PERP	−0.0320%	1h	190.13	+0.023%	$28K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.48	+0.207%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.42	+0.175%	$4.0M	$3.7M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.20	+0.058%	$752K	$390K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.22	+0.070%	—	$2.5M	20x	as long as short
Coinbase International EWY-PERP-INTX	0.0000%	1h	190.19	+0.054%	$530K	$315K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.16	+0.038%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.42	+0.175%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.30	+0.112%	$386K	$39K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.49	+0.212%	—	$220K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.43	+0.180%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.34	+0.133%	$6.2M	$13.9M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.11	+0.012%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.24	+0.080%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.38	+0.154%	$748	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.05	−0.020%	$199K	$276K	10x	as long as short
Paradex EWY-USD-PERP	+0.0057%	8h	190.39	+0.162%	$23	—	5x	as long as short
Bitget EWYUSDTshort	+0.0068%	8h	190.45	+0.191%	$2.7M	$1.9M	20x
KuCoin EWYUSDTM	+0.0100%	8h	190.36	+0.144%	$981K	$627K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.32	+0.122%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.42	+0.175%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0122%	8h	190.38	+0.154%	$4.1M	$3.5M	50x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0223%	1h	190.41	+0.170%	$2K	$13K	20x	as long as short
Aster EWYUSDT	+0.0228%	8h	190.43	+0.182%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0274%	8h	190.40	+0.163%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0304%	1h	190.39	+0.160%	$302K	$665K	10x	as long as short
Binance EWYUSDT	+0.0306%	8h	190.45	+0.190%	$28.4M	$77.0M	50x	as long as short
MEXC EWY_USDT	+0.0308%	8h	190.43	+0.180%	$6.5M	$4.2M	100x	as long as short
BloFin EWY-USDT	+0.0313%	8h	190.35	+0.138%	$48K	$214K	50x	as long as short
edgeX EWYUSDClong	+0.0671%	4h	190.09	long leg	$426K	$282K	20x