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−0.0462%/8h= −50.6% APRpaid last 24h −0.075%
Price spread now: Entropy against edgeX+0.051%48s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
The price spread pays, funding is against you. Entropy is 0.051% dearer against edgeX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC189.620.0512pay 0.0256% / 4h3h 54m$425K$281K20x
ShortEntropy io:EWY189.720.0050get 0.0006% / 1h54m 36s$51K$57K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy 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

Funding earned
−$96.95
Price spread: +0.051% → 0.000%
$5.07
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$118.87
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 19 min ago; Entropy: 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 edgeX live order book, 19 min ago5.54 bp10.4 bp −$1015.1 bp −$151doesn't fitdoesn't fit
Sell Entropy no order-book sample
Entropy: 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
Gate EWY_USDT0.0000%8h189.93+0.161%$4.1M$3.2M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.68+0.028%$750K$381K10xas long as short
SunX EWY-USDT0.0000%8h189.88+0.135%$2.7M20xas long as short
HTX EWY-USDT0.0000%8h189.81+0.098%$37K$8K20xas long as short
Phemex EWYUSDT0.0000%8h189.85+0.119%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.85+0.119%$378K$53K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.94+0.167%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.94+0.167%$196K$143K20xas long as short
Entropy io:EWYshort+0.0050%1h189.72+0.051%$51K$57K25x
Polymarket Perps EWY-USD+0.0050%1h189.75+0.067%$4K$11720xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX EWY-USD+0.0050%1h189.85+0.119%$780$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.76+0.072%$241K$215K10xas long as short
KuCoin EWYUSDTM+0.0100%8h189.87+0.130%$978K$679K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.61−0.007%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.79+0.088%$2K$1K20xas long as short
Paradex EWY-USD-PERP+0.0112%8h190.00+0.200%$235xas long as short
Deribit EWY_USDC-PERPETUAL+0.0119%1h189.80+0.093%$2K$13K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.15−0.250%$528K$339K20xas long as short
Bybit EWYUSDT+0.0204%8h190.00+0.198%$5.3M$4.2M100xas long as short
Bitget EWYUSDT+0.0239%8h189.96+0.177%$2.7M$1.6M20xas long as short
tradeXYZ xyz:EWY+0.0254%1h189.80+0.093%$6.5M$14.3M20xas long as short
OKX EWY-USDT-SWAP+0.0337%8h189.99+0.193%$4.1M$4.0M50xas long as short
edgeX EWYUSDClong+0.0512%4h189.62long leg$425K$281K20x
Aster EWYUSDT+0.0564%8h189.99+0.192%$295K$12K20xas long as short
Hotstuff EWY-PERP+0.0664%1h189.78+0.082%$28K$12K20xas long as short
Variational Omni EWY+0.0665%8h189.80+0.093%$1.2M$1.3Mas long as short
Binance EWYUSDT+0.0694%8h189.98+0.187%$28.6M$79.8M50xas long as short
Extended EWY_24_5-USD+0.0696%1h189.95+0.170%$299K$390K10xas long as short
MEXC EWY_USDT+0.0697%8h189.95+0.172%$7.5M$4.4M100xas long as short
BloFin EWY-USDT+0.0702%8h189.99+0.193%$47K$214K50xas long as short