Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.495%

Price spread now: Hotstuff against HTX−0.021%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 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 0.021% cheaper against HTX than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EWY-USDT	189.66	0	get 0.0000% / 8h	7h 58m	$36K	$8K	20x
Short	Hotstuff EWY-PERP	189.62	0.0232	get 0.0029% / 1h	58m 31s	$28K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.021%Rate

Funding earned: $48.72
Price spread: −0.021% → 0.000%: −$2.11
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $29.61
Costs to cover: 0.170%
Break-even: 2.7 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

HTX and 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
Polymarket Perps EWY-USD	−0.0093%	1h	189.45	−0.111%	$4K	$117	20x	as long as short
Entropy io:EWY	−0.0038%	1h	189.60	−0.032%	$51K	$57K	25x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.62	−0.021%	$5.3M	$4.2M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.59	−0.037%	$4.1M	$3.1M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.45	−0.111%	—	$2.7M	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	189.66	long leg	$36K	$8K	20x
Phemex EWYUSDT	0.0000%	8h	189.52	−0.074%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.32	−0.179%	$377K	$53K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.53	−0.069%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.55	−0.058%	$195K	$143K	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	189.61	−0.026%	$6.6M	$15.1M	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.54	−0.063%	$773	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.52	−0.074%	$243K	$215K	10x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.54	−0.063%	$965K	$679K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.78	+0.063%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.55	−0.058%	$2K	$1K	20x	as long as short
Paradex EWY-USD-PERP	+0.0117%	8h	189.61	−0.026%	$23	—	5x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.10	−0.295%	$528K	$339K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0172%	1h	189.43	−0.121%	$2K	$13K	20x	as long as short
Bitget EWYUSDT	+0.0230%	8h	189.59	−0.037%	$2.7M	$1.6M	20x	as long as short
Hotstuff EWY-PERPshort	+0.0232%	1h	189.62	−0.021%	$28K	$12K	20x
OKX EWY-USDT-SWAP	+0.0333%	8h	189.62	−0.021%	$4.1M	$4.1M	50x	as long as short
Aster EWYUSDT	+0.0570%	8h	189.74	+0.042%	$294K	$12K	20x	as long as short
GRVT EWY_USDT_Perp	+0.0652%	8h	189.78	+0.065%	$751K	$383K	10x	as long as short
Variational Omni EWY	+0.0672%	8h	189.66	0.000%	$1.2M	$1.3M	—	as long as short
Binance EWYUSDT	+0.0703%	8h	189.62	−0.021%	$28.5M	$79.5M	50x	as long as short
Extended EWY_24_5-USD	+0.0704%	1h	189.65	−0.003%	$299K	$390K	10x	as long as short
MEXC EWY_USDT	+0.0704%	8h	189.61	−0.026%	$7.4M	$4.4M	100x	as long as short
BloFin EWY-USDT	+0.0727%	8h	189.53	−0.069%	$47K	$214K	50x	as long as short
edgeX EWYUSDC	+0.0738%	4h	189.64	−0.012%	$425K	$276K	20x	as long as short