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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.066%
Price spread now: GRVT against Gate−0.116%66s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.393% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.152%+$15 on $10k
Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.116%, 7d avg −0.022%
Together, before fees+0.334%+ Points / potential airdropGRVT: Active · farm board+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.095% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EWY_USDT190.420get 0.0000% / 8h5h 36m$4.0M$3.7M50x
ShortGRVT EWY_USDT_Perp190.200get 0.0000% / 8h5h 36m$752K$390K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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
$0
Price spread: −0.116% → −0.022%
−$9.46
Slippage, 4 orders
−$15.32
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$48.78
Costs to cover
0.393%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; GRVT: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago2.89 bp12.4 bp −$1223.5 bp −$23542.1 bp −$4,21378.7 bp −$39.4K
Sell GRVT live order book, 27 min ago1.58 bp7.8 bp −$811.8 bp −$118doesn't fitdoesn't fit

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
Hotstuff EWY-PERP−0.0320%1h190.13−0.152%$28K$12K20xas long as short
Bybit EWYUSDT0.0000%8h190.48+0.032%$5.1M$4.3M100xas long as short
Gate EWY_USDTlong0.0000%8h190.42long leg$4.0M$3.7M50x
GRVT EWY_USDT_Perpshort0.0000%8h190.20−0.116%$752K$390K10x
SunX EWY-USDT0.0000%8h190.17−0.131%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.22−0.105%$2K$13K20xas long as short
Coinbase International EWY-PERP-INTX0.0000%1h190.19−0.121%$530K$315K20xas long as short
HTX EWY-USDT0.0000%8h190.16−0.137%$22K$36K20xas long as short
Phemex EWYUSDT0.0000%8h190.33−0.047%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h190.18−0.126%$385K$39K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EWY-USD-PERP+0.0046%1h190.49+0.037%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.43+0.005%$198K$146K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.35−0.037%$6.2M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.11−0.163%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.24−0.095%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.25−0.089%$751$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.05−0.194%$199K$276K10xas long as short
Paradex EWY-USD-PERP+0.0057%8h190.39−0.013%$235xas long as short
Bitget EWYUSDT+0.0068%8h190.44+0.011%$2.7M$1.9M20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.29−0.068%$981K$627K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.32−0.053%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.420.000%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0122%8h190.45+0.016%$4.1M$3.5M50xas long as short
Aster EWYUSDT+0.0228%8h190.36−0.031%$295K$12K20xas long as short
Variational Omni EWY+0.0287%8h190.06−0.190%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0306%8h190.45+0.014%$28.4M$77.0M50xas long as short
MEXC EWY_USDT+0.0308%8h190.43+0.005%$6.5M$4.2M100xas long as short
Extended EWY_24_5-USD+0.0312%1h190.35−0.036%$302K$665K10xas long as short
BloFin EWY-USDT+0.0313%8h190.35−0.037%$48K$214K50xas long as short
edgeX EWYUSDC+0.0671%4h190.09−0.175%$426K$282K20xas long as short