Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h −0.009%

Price spread now: OKX against Extended+0.052%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.052%, 7d avg +0.023%

Together, before fees−0.014%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.029% dearer against Extended than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.023%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.039% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.1% 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	189.13	0.0608	pay 0.0076% / 1h	7m 55s	$304K	$392K	10x
Short	OKX EWY-USDT-SWAP	189.23	0.0244	get 0.0244% / 8h	1h 07m	$4.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$76.41
Price spread: +0.052% → +0.023%: $2.9
Slippage, 4 orders: −$6.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$94.93
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Extended: live order book, 10 min ago; OKX: live order book, 5 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, 10 min ago	0.03 bp	2.9 bp −$3	6.0 bp −$60	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.26 bp	7.5 bp −$8	11.0 bp −$110	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	0.0000%	1h	189.25	+0.063%	$28K	$12K	20x	as long as short
Gate EWY_USDT	0.0000%	8h	189.23	+0.052%	$3.2M	$2.8M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.12	−0.006%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.19	+0.031%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.08	−0.027%	$376K	$98K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.29	+0.084%	—	$217K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.28	+0.079%	$195K	$138K	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.15	+0.010%	$55K	$48K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.10	−0.017%	$4K	$74	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.22	+0.047%	$787	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps EWY-USD.P	+0.0050%	1h	189.18	+0.026%	$221K	$182K	10x	as long as short
tradeXYZ xyz:EWY	+0.0072%	1h	189.14	+0.005%	$6.4M	$14.8M	20x	as long as short
Bybit EWYUSDT	+0.0083%	8h	189.34	+0.110%	$5.2M	$4.1M	100x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.16	+0.015%	$963K	$723K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.24	+0.058%	$13K	$262K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.22	+0.047%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0120%	1h	189.24	+0.058%	$525K	$332K	20x	as long as short
Paradex EWY-USD-PERP	+0.0139%	8h	189.30	+0.088%	$23	—	5x	as long as short
Bitget EWYUSDT	+0.0182%	8h	189.24	+0.058%	$2.5M	$1.5M	20x	as long as short
HTX EWY-USDT	+0.0208%	8h	189.34	+0.110%	$36K	$8K	20x	as long as short
OKX EWY-USDT-SWAPshort	+0.0244%	8h	189.23	+0.052%	$4.0M	$4.1M	50x
Deribit EWY_USDC-PERPETUAL	+0.0332%	1h	189.22	+0.047%	$2K	$13K	20x	as long as short
Aster EWYUSDT	+0.0500%	8h	189.20	+0.037%	$293K	$12K	20x	as long as short
Variational Omni EWY	+0.0578%	8h	189.24	+0.057%	$1.5M	$983K	—	as long as short
BloFin EWY-USDT	+0.0588%	8h	189.28	+0.079%	$47K	$214K	50x	as long as short
Extended EWY_24_5-USDlong	+0.0608%	1h	189.13	long leg	$304K	$392K	10x
MEXC EWY_USDT	+0.0609%	8h	189.17	+0.021%	$7.5M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0610%	8h	189.17	+0.021%	$28.5M	$79.6M	50x	as long as short
GRVT EWY_USDT_Perp	+0.0677%	8h	189.27	+0.074%	$749K	$402K	10x	as long as short
edgeX EWYUSDC	+0.0772%	4h	189.23	+0.052%	$424K	$274K	20x	as long as short