Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0842%/8h= +92.2% APRpaid last 24h −0.141%

Price spread now: GRVT against edgeX+0.031%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.976%−$98 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.031%, 7d avg +0.002%

Together, before fees−0.991%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$99 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and GRVT is 0.030% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.976%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWYUSDC	188.22	0.0140	pay 0.0070% / 4h	1h 28m	$422K	$290K	20x
Short	GRVT EWY_USDT_Perp	188.28	0.0982	get 0.0982% / 8h	5h 28m	$738K	$412K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.031%Rate

Funding earned: $176.77
Price spread: +0.031% → +0.002%: $2.96
Slippage, 4 orders: −$15.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $146.35
Costs to cover: 0.334%
Break-even: 1.2 days

Slippage from edgeX: live order book, 18 min ago; GRVT: live order book, 17 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, 18 min ago	5.57 bp	10.3 bp −$10	15.2 bp −$152	doesn't fit	doesn't fit
Sell GRVT live order book, 17 min ago	1.86 bp	6.4 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit

EWY on 30 exchanges

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	−8.0000%	1h	188.14	−0.044%	$28K	$16K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.26	+0.020%	$5.0M	$5.0M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.26	+0.020%	$4.0M	$4.9M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.28	+0.030%	$3.1M	$3.1M	20x	as long as short
SunX EWY-USDT	0.0000%	8h	187.96	−0.140%	—	$1.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.28	+0.030%	$1.7M	$37K	10x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0016%	1h	188.21	−0.007%	$3K	$12K	20x	as long as short
Lighter EWY	+0.0032%	1h	188.10	−0.065%	$381K	$44K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.27	+0.025%	—	$224K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.27	+0.025%	$201K	$166K	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:EWY	+0.0050%	1h	188.13	−0.049%	$5.9M	$15.5M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.21	−0.007%	$143K	$118K	25x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.23	+0.004%	$774	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.97	−0.134%	$225K	$315K	10x	as long as short
Paradex EWY-USD-PERP	+0.0056%	8h	188.41	+0.099%	$23	—	5x	as long as short
Gate EWY_USDT	+0.0068%	8h	188.30	+0.041%	$4.0M	$4.8M	50x	as long as short
Coinbase International EWY-PERP-INTX	+0.0088%	1h	188.10	−0.065%	$523K	$253K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.10	−0.065%	$968K	$720K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.28	+0.030%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.27	+0.025%	$2K	$1K	20x	as long as short
edgeX EWYUSDClong	+0.0140%	4h	188.22	long leg	$422K	$290K	20x
Polymarket Perps EWY-USD	+0.0182%	1h	188.40	+0.094%	$4K	$7K	20x	as long as short
Aster EWYUSDT	+0.0235%	8h	188.13	−0.047%	$291K	$14K	20x	as long as short
Variational Omni EWY	+0.0289%	8h	188.24	+0.010%	$1.1M	$941K	—	as long as short
BloFin EWY-USDT	+0.0325%	8h	188.31	+0.046%	$48K	$241K	50x	as long as short
MEXC EWY_USDT	+0.0326%	8h	188.23	+0.004%	$7.4M	$4.4M	100x	as long as short
Extended EWY_24_5-USD	+0.0328%	1h	188.16	−0.033%	$247K	$935K	10x	as long as short
Binance EWYUSDT	+0.0329%	8h	188.23	+0.002%	$26.1M	$86.6M	50x	as long as short
HTX EWY-USDT	+0.0501%	8h	188.29	+0.036%	$22K	$36K	20x	as long as short
GRVT EWY_USDT_Perpshort	+0.0982%	8h	188.28	+0.031%	$738K	$412K	10x