Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.053%

Price spread now: SunX against Extended+0.042%7-day average +0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.042%, 7d avg +0.002%

Together, before fees−0.227%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.040% dearer against Extended than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.002%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EWY_24_5-USD	190.65	0.0112	pay 0.0014% / 1h	17m 36s	$301K	$669K	10x
Short	SunX EWY-USDT	190.73	0	get 0.0000% / 8h	4h 17m	—	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$23.52
Price spread: +0.042% → +0.002%: $4
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.52
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 40 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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, 40 min ago	0.03 bp	2.8 bp −$3	6.3 bp −$63	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.09 bp	doesn't fit	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
Bybit EWYUSDT	0.0000%	8h	190.75	+0.053%	$5.2M	$4.2M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.70	+0.026%	$4.2M	$3.8M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.80	+0.081%	$755K	$395K	10x	as long as short
SunX EWY-USDTshort	0.0000%	8h	190.73	+0.042%	—	$2.5M	20x
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.65	0.000%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.97	+0.168%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.72	+0.037%	$1.7M	$37K	10x	as long as short
OKX EWY-USDT-SWAP	+0.0027%	8h	190.73	+0.042%	$4.1M	$3.3M	50x	as long as short
Lighter EWY	+0.0032%	1h	190.60	−0.026%	$386K	$39K	20x	as long as short
Aster EWYUSDT	+0.0037%	8h	190.74	+0.045%	$296K	$12K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0040%	1h	190.57	−0.042%	$531K	$300K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.89	+0.126%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.67	+0.011%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.63	−0.010%	$6.2M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.67	+0.011%	$30K	$67K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.50	−0.079%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.73	+0.042%	$751	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.56	−0.047%	$201K	$266K	10x	as long as short
Paradex EWY-USD-PERP	+0.0053%	8h	190.70	+0.029%	$23	—	5x	as long as short
Bitget EWYUSDT	+0.0063%	8h	190.70	+0.026%	$2.7M	$2.0M	20x	as long as short
Variational Omni EWY	+0.0083%	8h	190.94	+0.152%	$1.2M	$1.1M	—	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.67	+0.011%	$983K	$622K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.74	+0.047%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.69	+0.021%	$2K	$1K	20x	as long as short
Binance EWYUSDT	+0.0111%	8h	190.70	+0.026%	$28.2M	$76.4M	50x	as long as short
Extended EWY_24_5-USDlong	+0.0112%	1h	190.65	long leg	$301K	$669K	10x
MEXC EWY_USDT	+0.0113%	8h	190.69	+0.021%	$6.5M	$3.9M	100x	as long as short
BloFin EWY-USDT	+0.0140%	8h	190.79	+0.074%	$48K	$214K	50x	as long as short
Hotstuff EWY-PERP	+0.0240%	1h	190.63	−0.010%	$29K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0249%	4h	190.80	+0.080%	$428K	$284K	20x	as long as short