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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.016%
Price spread now: Popdex against Gate+0.016%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.339% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.053%+$5 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.016%, 7d avg −0.005%
Together, before fees+0.040%+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.020% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EWY_USDT189.600get 0.0000% / 8h26m 28s$3.3M$2.8M50x
ShortPopdex EWYUSDT189.630.0048get 0.0006% / 1h26m 28s$195K$138K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
$10.08
Price spread: +0.016% → −0.005%
$2.03
Slippage, 4 orders
−$12.51
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$21.79
Costs to cover
0.339%
Break-even
22.1 days
Slippage from Gate: live order book, 2 min ago; Popdex: live order book, 52 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 ago2.90 bp11.4 bp −$1120.9 bp −$20951.5 bp −$5,15087.2 bp −$43.6K
Sell Popdex live order book, 52 min ago0.53 bp4.0 bp −$48.0 bp −$80doesn'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
Gate EWY_USDTlong0.0000%8h189.60long leg$3.3M$2.8M50x
SunX EWY-USDT0.0000%8h189.37−0.121%$2.7M20xas long as short
Phemex EWYUSDT0.0000%8h189.62+0.011%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.55−0.026%$377K$62K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.70+0.053%$220K25xas long as short
Popdex EWYUSDTshort+0.0048%1h189.63+0.016%$195K$138K20x
Entropy io:EWY+0.0050%1h189.56−0.021%$51K$59K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.51−0.047%$4K$8120xas long as short
SoDEX EWY-USD+0.0050%1h189.59−0.005%$775$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.51−0.047%$243K$207K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EWYUSDC+0.0054%4h189.72+0.065%$425K$274K20xas long as short
KuCoin EWYUSDTM+0.0100%8h189.65+0.026%$965K$695K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.50−0.053%$13K$262K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.61+0.005%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.63+0.016%$527K$339K20xas long as short
Paradex EWY-USD-PERP+0.0149%8h189.77+0.088%$235xas long as short
Bybit EWYUSDT+0.0162%8h189.70+0.053%$5.3M$4.2M100xas long as short
tradeXYZ xyz:EWY+0.0182%1h189.61+0.005%$6.7M$14.9M20xas long as short
Bitget EWYUSDT+0.0216%8h189.68+0.042%$2.6M$1.6M20xas long as short
HTX EWY-USDT+0.0220%8h189.87+0.142%$36K$8K20xas long as short
OKX EWY-USDT-SWAP+0.0316%8h189.70+0.053%$4.0M$4.1M50xas long as short
Hotstuff EWY-PERP+0.0448%1h189.61+0.005%$28K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0542%1h189.63+0.016%$2K$13K20xas long as short
Aster EWYUSDT+0.0548%8h189.59−0.003%$294K$12K20xas long as short
Variational Omni EWY+0.0630%8h189.86+0.139%$1.5M$983Kas long as short
GRVT EWY_USDT_Perp+0.0654%8h189.88+0.145%$751K$397K10xas long as short
BloFin EWY-USDT+0.0669%8h189.61+0.005%$47K$214K50xas long as short
MEXC EWY_USDT+0.0671%8h189.63+0.016%$7.5M$4.5M100xas long as short
Extended EWY_24_5-USD+0.0672%1h189.61+0.003%$304K$385K10xas long as short
Binance EWYUSDT+0.0673%8h189.64+0.021%$28.5M$79.8M50xas long as short