Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h −0.093%

Price spread now: Extended against edgeX−0.116%53s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as 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−$260.262% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.841%−$84 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.116%, 7d avg −0.016%

Together, before fees−0.860%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.099% cheaper against edgeX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.016%). If the spread goes back, that is −$10 on $10k: about 17 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.841%, so the current rate has only just turned in your favour. The two prices were read 53 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	190.41	0.0062	pay 0.0031% / 4h	2h 46m	$427K	$283K	20x
Short	Extended EWY_24_5-USD	190.19	0.0544	get 0.0068% / 1h	46m 33s	$304K	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.116%Rate

Funding earned: $101.18
Price spread: −0.116% → −0.016%: −$9.95
Slippage, 4 orders: −$12.22
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $65.01
Costs to cover: 0.262%
Break-even: 2.5 days

Slippage from edgeX: live order book, 22 min ago; Extended: live order book, 21 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, 22 min ago	5.25 bp	10.2 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	0.03 bp	2.8 bp −$3	6.8 bp −$68	doesn't fit	doesn't fit

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	−0.0064%	1h	190.08	−0.173%	$28K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.17	−0.125%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.24	−0.089%	$4.0M	$3.5M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.39	−0.008%	$753K	$384K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.30	−0.057%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.04	−0.194%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.48	+0.037%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.22	−0.099%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.06	−0.183%	$385K	$34K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.35	−0.031%	—	$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	190.16	−0.131%	$196K	$142K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	−0.068%	$531K	$339K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.06	−0.183%	$6.2M	$14.1M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.19	−0.115%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.98	−0.225%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.20	−0.110%	$587	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.31	−0.052%	$230K	$234K	10x	as long as short
edgeX EWYUSDClong	+0.0062%	4h	190.41	long leg	$427K	$283K	20x
Paradex EWY-USD-PERP	+0.0063%	8h	190.20	−0.112%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.20	−0.110%	$979K	$635K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.40	−0.005%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.14	−0.141%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0239%	8h	190.17	−0.125%	$4.2M	$3.4M	50x	as long as short
Bitget EWYUSDT	+0.0395%	8h	190.23	−0.094%	$2.7M	$1.6M	20x	as long as short
Aster EWYUSDT	+0.0431%	8h	190.23	−0.096%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0536%	8h	190.48	+0.035%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0542%	8h	190.21	−0.106%	$28.4M	$76.9M	50x	as long as short
Extended EWY_24_5-USDshort	+0.0544%	1h	190.19	−0.116%	$304K	$670K	10x
MEXC EWY_USDT	+0.0545%	8h	190.25	−0.083%	$7.0M	$4.1M	100x	as long as short
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.011%	$2K	$214K	50x	as long as short