Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.022%

Price spread now: KuCoin against Extended−0.119%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$393as in the Funding arb table

Net, price: spread back to 7d avg − costs−$410as in the Price arb table

costs, in and out, $10k−$4014.010% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.119%, 7d avg −0.026%

Together, before fees+0.141%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.093% cheaper against Extended than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.026%). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.075% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EWY_24_5-USD	187.75	0	get 0.0000% / 1h	23m 31s	$239K	$501K	10x
Short	KuCoin EWYUSDTM	187.53	0.0100	get 0.0100% / 8h	1h 23m	$965K	$592K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.119%Rate

Funding earned: $21
Price spread: −0.119% → −0.026%: −$9.31
Slippage, 4 orders: −$383.97
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$389.28
Costs to cover: 4.010%
Break-even: 136.8 days

Slippage from Extended: live order book, 19 min ago; KuCoin: live order book, 11 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, 19 min ago	0.03 bp	2.9 bp −$3	6.5 bp −$65	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	6.67 bp	84.7 bp −$85	doesn't fit	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
Bitget EWYUSDT	−0.0239%	8h	187.86	+0.056%	$2.7M	$2.3M	20x	as long as short
Hotstuff EWY-PERP	−0.0128%	1h	187.67	−0.045%	$28K	$12K	20x	as long as short
BloFin EWY-USDT	−0.0018%	8h	187.73	−0.013%	$48K	$216K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.75	0.000%	$291K	$12K	20x	as long as short
Extended EWY_24_5-USDlong	0.0000%	1h	187.75	long leg	$239K	$501K	10x
Binance EWYUSDT	0.0000%	8h	187.80	+0.025%	$27.2M	$81.6M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.85	+0.051%	$5.0M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.73	−0.013%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.84	+0.046%	$4.0M	$4.3M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.83	+0.040%	$8.6M	$4.5M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	187.79	+0.020%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	187.73	−0.015%	$742K	$420K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.61	−0.077%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	187.73	−0.013%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.78	+0.014%	$1.7M	$36K	10x	as long as short
Lighter EWY	+0.0032%	1h	187.68	−0.039%	$380K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0042%	1h	187.49	−0.141%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.80	+0.025%	$197K	$151K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	187.60	−0.082%	$521K	$273K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.69	−0.034%	$6.3M	$14.1M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.64	−0.061%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.60	−0.082%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.74	−0.007%	$752	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.50	−0.135%	$223K	$321K	10x	as long as short
Paradex EWY-USD-PERP	+0.0060%	8h	187.87	+0.060%	$23	—	5x	as long as short
KuCoin EWYUSDTMshort	+0.0100%	8h	187.53	−0.119%	$965K	$592K	20x
ApeX Omni EWYUSDT	+0.0100%	1h	187.58	−0.093%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.72	−0.018%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0233%	4h	187.71	−0.024%	$421K	$284K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0336%	1h	187.69	−0.034%	$2K	$14K	20x	as long as short