Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0471%/8h= −51.6% APRpaid last 24h −0.037%

Price spread now: Bitget against Extended+0.044%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.044%, 7d avg +0.029%

Together, before fees−0.109%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EWY_24_5-USD	189.42	0.0704	pay 0.0088% / 1h	59m 27s	$299K	$396K	10x
Short	Bitget EWYUSDT	189.50	0.0233	get 0.0233% / 8h	7h 59m	$2.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$98.91
Price spread: +0.044% → +0.029%: $1.47
Slippage, 4 orders: −$8.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.55
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; Bitget: live order book, 8 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 Extended live order book, 13 min ago	0.03 bp	2.9 bp −$3	5.7 bp −$57	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	0.79 bp	10.0 bp −$10	14.3 bp −$143	30.7 bp −$3,068	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
Polymarket Perps EWY-USD	−0.0684%	1h	189.46	+0.023%	$4K	$117	20x	as long as short
Entropy io:EWY	−0.0261%	1h	189.49	+0.039%	$51K	$57K	25x	as long as short
tradeXYZ xyz:EWY	−0.0186%	1h	189.56	+0.076%	$6.7M	$15.0M	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.49	+0.039%	$5.3M	$4.2M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.51	+0.049%	$4.0M	$3.1M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.55	+0.071%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.78	+0.192%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.15	−0.141%	$376K	$53K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.60	+0.097%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.39	−0.014%	$195K	$138K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX EWY-USD	+0.0050%	1h	189.74	+0.171%	$775	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.08	−0.178%	$243K	$209K	10x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.59	+0.092%	$966K	$680K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.78	+0.192%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.73	+0.166%	$2K	$1K	20x	as long as short
Paradex EWY-USD-PERP	+0.0118%	8h	189.67	+0.132%	$23	—	5x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.57	+0.081%	$529K	$340K	20x	as long as short
Hotstuff EWY-PERP	+0.0168%	1h	189.76	+0.181%	$28K	$12K	20x	as long as short
HTX EWY-USDT	+0.0219%	8h	189.63	+0.113%	$36K	$8K	20x	as long as short
Bitget EWYUSDTshort	+0.0233%	8h	189.50	+0.044%	$2.7M	$1.6M	20x
Deribit EWY_USDC-PERPETUAL	+0.0277%	1h	189.77	+0.187%	$2K	$13K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0336%	8h	189.53	+0.060%	$4.0M	$4.1M	50x	as long as short
Aster EWYUSDT	+0.0571%	8h	189.50	+0.042%	$294K	$12K	20x	as long as short
GRVT EWY_USDT_Perp	+0.0652%	8h	189.78	+0.193%	$751K	$383K	10x	as long as short
Variational Omni EWY	+0.0672%	8h	189.66	+0.128%	$1.2M	$1.3M	—	as long as short
BloFin EWY-USDT	+0.0678%	8h	189.77	+0.187%	$47K	$214K	50x	as long as short
MEXC EWY_USDT	+0.0703%	8h	189.50	+0.044%	$7.4M	$4.4M	100x	as long as short
Extended EWY_24_5-USDlong	+0.0704%	1h	189.42	long leg	$299K	$396K	10x
Binance EWYUSDT	+0.0704%	8h	189.69	+0.146%	$28.5M	$79.3M	50x	as long as short
edgeX EWYUSDC	+0.0738%	4h	189.64	+0.117%	$425K	$276K	20x	as long as short