Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h −0.512%

Price spread now: Hotstuff against Gate−0.074%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.074% cheaper against Gate than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 16 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EWY_USDT	190.33	0	get 0.0000% / 8h	7h 11m	$4.0M	$3.5M	50x
Short	Hotstuff EWY-PERP	190.19	0.0360	get 0.0045% / 1h	11m 15s	$29K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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

Position, each leg$Hold fordaysFee GatebpFee HotstuffbpOrdersPrice spread, now −0.074%Rate

Funding earned: $75.6
Price spread: −0.074% → 0.000%: −$7.36
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $48.24
Costs to cover: 0.200%
Break-even: 2.5 days

Slippage unknown: Gate: live order book, 2 min ago; Hotstuff: no order-book sample. 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 Gate live order book, 2 min ago	1.84 bp	11.3 bp −$11	21.4 bp −$214	44.0 bp −$4,399	80.4 bp −$40.2K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	190.38	+0.026%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDTlong	0.0000%	8h	190.33	long leg	$4.0M	$3.5M	50x
GRVT EWY_USDT_Perp	0.0000%	8h	190.47	+0.072%	$754K	$386K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.12	−0.110%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.22	−0.058%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.80	+0.247%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.41	+0.042%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.18	−0.079%	$386K	$64K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.47	+0.074%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.26	−0.037%	$195K	$141K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:EWY	+0.0050%	1h	190.26	−0.037%	$6.3M	$14.8M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.29	−0.021%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.16	−0.089%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.26	−0.037%	$496	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.32	−0.005%	$229K	$236K	10x	as long as short
Paradex EWY-USD-PERP	+0.0073%	8h	190.23	−0.052%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.25	−0.042%	$981K	$655K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.55	+0.116%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.35	+0.011%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	190.44	+0.058%	$531K	$341K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0281%	8h	190.36	+0.016%	$4.2M	$3.5M	50x	as long as short
Hotstuff EWY-PERPshort	+0.0360%	1h	190.19	−0.074%	$29K	$12K	20x
Bitget EWYUSDT	+0.0449%	8h	190.45	+0.063%	$2.7M	$1.6M	20x	as long as short
Aster EWYUSDT	+0.0486%	8h	190.28	−0.028%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0577%	8h	190.30	−0.014%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0581%	8h	190.29	−0.021%	$47K	$214K	50x	as long as short
Binance EWYUSDT	+0.0607%	8h	190.32	−0.004%	$28.6M	$77.5M	50x	as long as short
Extended EWY_24_5-USD	+0.0608%	1h	190.27	−0.031%	$304K	$670K	10x	as long as short
MEXC EWY_USDT	+0.0608%	8h	190.39	+0.032%	$7.4M	$4.6M	100x	as long as short
edgeX EWYUSDC	+0.0666%	4h	190.70	+0.195%	$427K	$284K	20x	as long as short