Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.560%

Price spread now: KuCoin against Hotstuff−0.043%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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. KuCoin is 0.043% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff EWY-PERP	186.98	0.0064	pay 0.0008% / 1h	51m 05s	$28K	$12K	20x
Short	KuCoin EWYUSDTM	186.90	0.0100	get 0.0100% / 8h	51m 05s	$962K	$599K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee HotstuffbpFee KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: $7.56
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.72
Costs to cover: 0.170%
Break-even: 19.7 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 43 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 Hotstuff no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 43 min ago	6.67 bp	84.7 bp −$85	doesn't fit	doesn't fit	doesn't fit

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
Bitget EWYUSDT	−0.0399%	8h	187.16	+0.096%	$2.8M	$2.4M	20x	as long as short
Aster EWYUSDT	0.0000%	8h	187.12	+0.076%	$290K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.05	+0.040%	$238K	$744K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.10	+0.066%	$27.3M	$82.3M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.13	+0.080%	$4.9M	$5.0M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.03	+0.027%	$4.2M	$4.5M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.15	+0.091%	$4.0M	$4.2M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.10	+0.064%	$8.5M	$4.4M	100x	as long as short
Variational Omni EWY	0.0000%	8h	187.06	+0.043%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	187.17	+0.104%	$740K	$415K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWY-USDT	0.0000%	8h	187.01	+0.016%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	187.21	+0.123%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.09	+0.059%	$1.7M	$37K	10x	as long as short
Vest EWY-USD-PERP	+0.0013%	1h	186.69	−0.155%	—	$220K	25x	as long as short
BloFin EWY-USDT	+0.0030%	8h	187.11	+0.070%	$48K	$217K	50x	as long as short
Lighter EWY	+0.0032%	1h	186.92	−0.032%	$379K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.12	+0.075%	$197K	$153K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.93	−0.027%	$6.2M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.02	+0.021%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.93	−0.027%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.04	+0.032%	$752	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.01	+0.016%	$223K	$332K	10x	as long as short
Paradex EWY-USD-PERP	+0.0055%	8h	187.09	+0.061%	$22	—	5x	as long as short
Coinbase International EWY-PERP-INTX	+0.0056%	1h	187.01	+0.016%	$519K	$251K	20x	as long as short
Hotstuff EWY-PERPlong	+0.0064%	1h	186.98	long leg	$28K	$12K	20x
KuCoin EWYUSDTMshort	+0.0100%	8h	186.90	−0.043%	$962K	$599K	20x
ApeX Omni EWYUSDT	+0.0100%	1h	186.96	−0.011%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.10	+0.064%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0124%	1h	187.09	+0.059%	$2K	$14K	20x	as long as short
edgeX EWYUSDC	+0.0672%	4h	187.20	+0.119%	$420K	$285K	20x	as long as short