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−0.0174%/8h= −19.1% APRnext payment $0.22 per $10,000 · paid last 24h +0.517%
Price spread now: Entropy against Hotstuff−0.026%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Entropy is 0.026% cheaper against Hotstuff than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff EWY-PERP189.540.0224pay 0.0028% / 1h43m 01s$28K$12K20x
ShortEntropy io:EWY189.490.0050get 0.0006% / 1h43m 01s$51K$59K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Hotstuff. 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
−$36.54
Price spread: −0.026% → 0.000%
−$2.64
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$62.18
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Entropy: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Entropy no order-book sample
Hotstuff and Entropy: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EWY_USDT0.0000%8h189.56+0.011%$3.2M$2.7M50xas long as short
SunX EWY-USDT0.0000%8h189.36−0.095%$2.7M20xas long as short
Phemex EWYUSDT0.0000%8h189.58+0.021%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.47−0.037%$377K$62K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.69+0.079%$217K25xas long as short
Entropy io:EWYshort+0.0050%1h189.49−0.026%$51K$59K25x
Polymarket Perps EWY-USD+0.0050%1h189.41−0.069%$4K$7420xas long as short
SoDEX EWY-USD+0.0050%1h189.58+0.021%$774$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.57+0.016%$230K$193K10xas long as short
Popdex EWYUSDT+0.0088%1h189.58+0.021%$195K$138K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWYUSDTM+0.0100%8h189.53−0.005%$966K$708K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.41−0.069%$13K$262K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.58+0.021%$2K$1K20xas long as short
Bybit EWYUSDT+0.0142%8h189.70+0.084%$5.2M$4.2M100xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.58+0.021%$527K$340K20xas long as short
Paradex EWY-USD-PERP+0.0146%8h189.66+0.064%$235xas long as short
tradeXYZ xyz:EWY+0.0162%1h189.57+0.016%$6.2M$14.7M20xas long as short
Bitget EWYUSDT+0.0203%8h189.65+0.058%$2.6M$1.6M20xas long as short
HTX EWY-USDT+0.0209%8h189.72+0.095%$36K$8K20xas long as short
Hotstuff EWY-PERPlong+0.0224%1h189.54long leg$28K$12K20x
OKX EWY-USDT-SWAP+0.0290%8h189.69+0.079%$4.0M$4.1M50xas long as short
Aster EWYUSDT+0.0519%8h189.50−0.023%$294K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0595%1h189.60+0.032%$2K$13K20xas long as short
Variational Omni EWY+0.0600%8h189.67+0.069%$1.5M$983Kas long as short
edgeX EWYUSDC+0.0613%4h189.67+0.066%$425K$276K20xas long as short
BloFin EWY-USDT+0.0623%8h189.61+0.037%$47K$214K50xas long as short
MEXC EWY_USDT+0.0634%8h189.58+0.021%$7.5M$4.5M100xas long as short
Binance EWYUSDT+0.0637%8h189.61+0.037%$28.5M$79.9M50xas long as short
Extended EWY_24_5-USD+0.0640%1h189.57+0.017%$304K$392K10xas long as short
GRVT EWY_USDT_Perp+0.0645%8h189.64+0.051%$750K$399K10xas long as short