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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0542%/8h= +59.4% APRpaid last 24h +0.183%
Price spread now: edgeX against Lighter+0.005%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs+$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.314% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.965%+$96 on $10k
Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.005%, 7d avg +0.055%
Together, before fees+1.059%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$106 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.050% cheaper against Lighter than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.055%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$16 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EWY190.330.0032pay 0.0004% / 1h4m 50s$386K$39K20x
ShortedgeX EWYUSDC190.340.0574get 0.0287% / 4h1h 04m$427K$283K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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
$113.91
Price spread: +0.005% → +0.055%
−$5.04
Slippage, 4 orders
−$22.41
Fee Lighter: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$77.46
Costs to cover
0.314%
Break-even
2.2 days
Slippage from Lighter: live order book, 50 min ago; edgeX: live order book, 59 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 Lighter live order book, 50 min ago1.84 bp4.0 bp −$416.4 bp −$16450.2 bp −$5,025doesn't fit
Sell edgeX live order book, 59 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
Bybit EWYUSDT0.0000%8h190.53+0.105%$5.1M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.48+0.079%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.32−0.005%$752K$393K10xas long as short
SunX EWY-USDT0.0000%8h190.35+0.011%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.38+0.026%$2K$13K20xas long as short
Coinbase International EWY-PERP-INTX0.0000%1h190.39+0.032%$531K$313K20xas long as short
HTX EWY-USDT0.0000%8h190.43+0.053%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.44+0.058%$1.7M$38K10xas long as short
Lighter EWYlong+0.0032%1h190.33long leg$386K$39K20x
Hotstuff EWY-PERP+0.0040%1h190.32−0.005%$29K$12K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EWY-USD-PERP+0.0046%1h190.55+0.116%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.47+0.074%$198K$146K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.39+0.032%$6.1M$13.8M20xas long as short
Entropy io:EWY+0.0050%1h190.28−0.026%$51K$56K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.30−0.016%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.44+0.058%$751$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.22−0.058%$201K$267K10xas long as short
Paradex EWY-USD-PERP+0.0055%8h190.47+0.076%$235xas long as short
Bitget EWYUSDT+0.0065%8h190.45+0.063%$2.7M$2.0M20xas long as short
OKX EWY-USDT-SWAP+0.0098%8h190.48+0.079%$4.1M$3.5M50xas long as short
KuCoin EWYUSDTM+0.0100%8h190.38+0.026%$982K$628K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.27−0.032%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.44+0.058%$2K$1K20xas long as short
Aster EWYUSDT+0.0152%8h190.42+0.050%$295K$12K20xas long as short
Variational Omni EWY+0.0191%8h190.35+0.009%$1.2M$1.1Mas long as short
BloFin EWY-USDT+0.0202%8h190.47+0.074%$48K$214K50xas long as short
Extended EWY_24_5-USD+0.0224%1h190.41+0.043%$302K$665K10xas long as short
Binance EWYUSDT+0.0227%8h190.46+0.067%$28.5M$76.9M50xas long as short
MEXC EWY_USDT+0.0229%8h190.45+0.063%$6.5M$4.2M100xas long as short
edgeX EWYUSDCshort+0.0574%4h190.34+0.005%$427K$283K20x