Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Coinbase International against HTX−0.026%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.026% cheaper against HTX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 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	HTX EWY-USDT	190.44	0	get 0.0000% / 8h	4h 41m	$22K	$35K	20x
Short	Coinbase International EWY-PERP-INTX	190.39	0.0040	get 0.0005% / 1h	41m 35s	$531K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.026%Rate

Funding earned: $8.4
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.23
Costs to cover: 0.220%
Break-even: 20.5 days

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 17 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 HTX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 17 min ago	0.26 bp	7.8 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit

HTX: 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	190.67	+0.121%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.65	+0.110%	$4.2M	$3.8M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.43	−0.006%	$753K	$393K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.50	+0.032%	—	$2.5M	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	190.44	long leg	$22K	$35K	20x
Phemex EWYUSDT	0.0000%	8h	190.60	+0.084%	$1.7M	$37K	10x	as long as short
Hotstuff EWY-PERP	+0.0016%	1h	190.51	+0.037%	$29K	$12K	20x	as long as short
Lighter EWY	+0.0032%	1h	190.50	+0.032%	$386K	$39K	20x	as long as short
Coinbase International EWY-PERP-INTXshort	+0.0040%	1h	190.39	−0.026%	$531K	$305K	20x
Bitget EWYUSDT	+0.0042%	8h	190.56	+0.063%	$2.7M	$2.0M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EWY-USD-PERP	+0.0046%	1h	190.72	+0.147%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.63	+0.100%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.51	+0.037%	$6.2M	$13.9M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.42	−0.011%	$46K	$59K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.43	−0.005%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.62	+0.095%	$753	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.25	−0.100%	$201K	$267K	10x	as long as short
Paradex EWY-USD-PERP	+0.0054%	8h	190.59	+0.080%	$23	—	5x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0065%	1h	190.59	+0.079%	$2K	$13K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0066%	8h	190.60	+0.084%	$4.1M	$3.3M	50x	as long as short
Aster EWYUSDT	+0.0090%	8h	190.60	+0.085%	$296K	$12K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.51	+0.037%	$982K	$622K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.32	−0.063%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.60	+0.084%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0130%	4h	190.55	+0.058%	$427K	$282K	20x	as long as short
Variational Omni EWY	+0.0135%	8h	190.37	−0.037%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0163%	8h	190.56	+0.063%	$48K	$214K	50x	as long as short
Binance EWYUSDT	+0.0165%	8h	190.62	+0.094%	$28.5M	$76.6M	50x	as long as short
MEXC EWY_USDT	+0.0166%	8h	190.59	+0.079%	$6.5M	$3.9M	100x	as long as short
Extended EWY_24_5-USD	+0.0168%	1h	190.57	+0.067%	$301K	$669K	10x	as long as short