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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0792%/8h= +86.7% APRpaid last 24h +0.162%
Price spread now: edgeX against KuCoin+0.114%113s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2812.812% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.837%+$84 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.114%, 7d avg +0.040%
Together, before fees+0.789%+ Points / potential airdropedgeX: Active · farm board+$79 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin EWYUSDTM190.160.0100pay 0.0100% / 8h5h 27m$980K$628K20x
ShortedgeX EWYUSDC190.380.0892get 0.0446% / 4h1h 27m$427K$284K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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
$166.32
Price spread: +0.114% → +0.040%
$7.4
Slippage, 4 orders
−$260.19
Fee KuCoin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$107.46
Costs to cover
2.812%
Break-even
11.5 days
Slippage from KuCoin: live order book, 27 min ago; edgeX: live order book, 36 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 KuCoin live order book, 27 min ago3.68 bp115.4 bp −$115doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 36 min ago5.26 bp10.1 bp −$1014.1 bp −$141doesn'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
Deribit EWY_USDC-PERPETUAL−0.0171%1h190.160.000%$2K$13K20xas long as short
Bybit EWYUSDT0.0000%8h190.14−0.011%$5.1M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.160.000%$4.1M$3.7M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.31+0.077%$752K$391K10xas long as short
SunX EWY-USDT0.0000%8h190.27+0.058%$2.5M20xas long as short
Coinbase International EWY-PERP-INTX0.0000%1h190.160.000%$530K$312K20xas long as short
HTX EWY-USDT0.0000%8h190.35+0.100%$22K$36K20xas long as short
Phemex EWYUSDT0.0000%8h190.23+0.037%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h190.00−0.084%$385K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.40+0.126%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.07−0.047%$197K$145K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.05−0.058%$6.1M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.14−0.011%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.05−0.058%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.21+0.026%$749$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.14−0.011%$199K$265K10xas long as short
Paradex EWY-USD-PERP+0.0056%8h190.06−0.055%$235xas long as short
Bitget EWYUSDT+0.0071%8h190.160.000%$2.7M$2.0M20xas long as short
KuCoin EWYUSDTMlong+0.0100%8h190.16long leg$980K$628K20x
ApeX Omni EWYUSDT+0.0100%1h190.25+0.047%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.25+0.047%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0111%8h190.14−0.011%$4.1M$3.5M50xas long as short
Aster EWYUSDT+0.0201%8h190.27+0.060%$295K$12K20xas long as short
Variational Omni EWY+0.0257%8h190.27+0.056%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0279%8h190.11−0.024%$28.4M$77.0M50xas long as short
Extended EWY_24_5-USD+0.0280%1h190.05−0.056%$302K$665K10xas long as short
MEXC EWY_USDT+0.0280%8h190.14−0.011%$6.5M$4.2M100xas long as short
BloFin EWY-USDT+0.0292%8h190.28+0.063%$48K$214K50xas long as short
Hotstuff EWY-PERP+0.0352%1h190.15−0.005%$29K$12K20xas long as short
edgeX EWYUSDCshort+0.0892%4h190.38+0.114%$427K$284K20x