Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%
Price spread now: KuCoin against Entropy−0.021%50s7-day average · you buy dearer than you sell
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 feesneeds both histories
Funding pays, the price is against you. KuCoin is 0.021% cheaper against Entropy than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:EWY189.740.0050pay 0.0006% / 1h16m 50s$51K$59K25x
ShortKuCoin EWYUSDTM189.700.0100get 0.0100% / 8h16m 50s$966K$688K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Entropy. 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
$10.5
Price spread: −0.021% → 0.000%
−$2.11
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$21.61
Costs to cover
0.300%
Break-even
21.4 days
Slippage unknown: Entropy: no order-book sample; KuCoin: live order book, 53 min ago. 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 Entropy no order-book sample
Sell KuCoin live order book, 53 min ago3.44 bp182.8 bp −$183doesn't fitdoesn't fitdoesn't fit
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%8h189.89+0.079%$3.6M$3.1M50xas long as short
SunX EWY-USDT0.0000%8h189.65−0.047%$2.7M20xas long as short
Phemex EWYUSDT0.0000%8h189.89+0.079%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.740.000%$377K$62K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.95+0.111%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.92+0.095%$195K$138K20xas long as short
Entropy io:EWYlong+0.0050%1h189.74long leg$51K$59K25x
Polymarket Perps EWY-USD+0.0050%1h189.740.000%$4K$8120xas long as short
SoDEX EWY-USD+0.0050%1h189.87+0.069%$774$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.73−0.005%$243K$207K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWYUSDTMshort+0.0100%8h189.70−0.021%$966K$688K20x
ApeX Omni EWYUSDT+0.0100%1h189.86+0.063%$13K$262K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.88+0.074%$2K$1K20xas long as short
Paradex EWY-USD-PERP+0.0138%8h190.04+0.159%$235xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.88+0.074%$527K$342K20xas long as short
tradeXYZ xyz:EWY+0.0151%1h189.82+0.042%$6.7M$14.7M20xas long as short
Bybit EWYUSDT+0.0170%8h189.96+0.116%$5.3M$4.2M100xas long as short
HTX EWY-USDT+0.0223%8h189.99+0.132%$36K$8K20xas long as short
Bitget EWYUSDT+0.0224%8h189.89+0.079%$2.6M$1.5M20xas long as short
Hotstuff EWY-PERP+0.0232%1h189.88+0.074%$28K$12K20xas long as short
edgeX EWYUSDC+0.0306%4h189.83+0.045%$425K$276K20xas long as short
OKX EWY-USDT-SWAP+0.0325%8h189.96+0.116%$4.0M$4.0M50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0435%1h189.90+0.084%$2K$13K20xas long as short
Aster EWYUSDT+0.0562%8h189.75+0.006%$294K$12K20xas long as short
Variational Omni EWY+0.0645%8h189.77+0.015%$1.5M$991Kas long as short
GRVT EWY_USDT_Perp+0.0656%8h189.91+0.090%$751K$395K10xas long as short
MEXC EWY_USDT+0.0682%8h189.85+0.058%$7.5M$4.5M100xas long as short
Binance EWYUSDT+0.0687%8h189.85+0.058%$28.6M$79.7M50xas long as short
Extended EWY_24_5-USD+0.0688%1h189.81+0.039%$298K$396K10xas long as short
BloFin EWY-USDT+0.0705%8h189.90+0.084%$47K$214K50xas long as short