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+0.0003%/8h= +0.3% APRpaid last 24h −0.057%
Price spread now: Coinbase International against MEXC−0.005%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.005%, 7d avg −0.075%
Together, before fees−0.074%−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EWY_USDT189.840.0045pay 0.0045% / 8h3h 46m$6.2M$3.8M100x
ShortCoinbase International EWY-PERP-INTX189.830.0048get 0.0006% / 1h46m 48s$530K$293K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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
$0.63
Price spread: −0.005% → −0.075%
$7.02
Slippage, 4 orders
−$9.25
Fee MEXC: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$11.61
Costs to cover
0.193%
Break-even
136.0 days
Slippage from MEXC: live order book, 1 min ago; Coinbase International: live order book, 6 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 MEXC live order book, 1 min ago0.26 bp0.3 bp $00.3 bp −$32.9 bp −$29293.0 bp −$46.5K
Sell Coinbase International live order book, 6 min ago4.21 bp9.4 bp −$912.1 bp −$121doesn'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
Aster EWYUSDT0.0000%8h189.93+0.047%$294K$12K20xas long as short
Bybit EWYUSDT0.0000%8h189.91+0.037%$5.1M$4.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.85+0.005%$4.1M$3.4M50xas long as short
Gate EWY_USDT0.0000%8h189.86+0.011%$4.2M$3.8M50xas long as short
Bitget EWYUSDT0.0000%8h189.86+0.011%$2.7M$2.0M20xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.88+0.019%$750K$396K10xas long as short
SunX EWY-USDT0.0000%8h189.88+0.021%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.08+0.126%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h189.83−0.005%$1.7M$37K10xas long as short
Variational Omni EWY+0.0006%8h190.00+0.085%$1.2M$1.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EWY+0.0032%1h189.79−0.026%$384K$39K20xas long as short
Extended EWY_24_5-USD+0.0040%1h189.83−0.005%$301K$669K10xas long as short
Binance EWYUSDT+0.0043%8h189.89+0.024%$27.7M$76.4M50xas long as short
MEXC EWY_USDTlong+0.0045%8h189.84long leg$6.2M$3.8M100x
Vest EWY-USD-PERP+0.0046%1h189.99+0.079%$220K25xas long as short
Hotstuff EWY-PERP+0.0048%1h189.82−0.011%$28K$12K20xas long as short
Popdex EWYUSDT+0.0048%1h189.95+0.058%$198K$147K20xas long as short
Coinbase International EWY-PERP-INTXshort+0.0048%1h189.83−0.005%$530K$293K20x
tradeXYZ xyz:EWY+0.0050%1h189.76−0.042%$6.1M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h189.840.000%$30K$65K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.76−0.042%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.88+0.021%$745$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.81−0.016%$198K$267K10xas long as short
Paradex EWY-USD-PERP+0.0054%8h189.98+0.076%$235xas long as short
BloFin EWY-USDT+0.0059%8h189.90+0.032%$47K$213K50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0066%1h189.89+0.026%$2K$13K20xas long as short
KuCoin EWYUSDTM+0.0100%8h189.83−0.005%$978K$611K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.87+0.016%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.92+0.042%$2K$1K20xas long as short
edgeX EWYUSDC+0.0822%4h189.90+0.033%$426K$284K20xas long as short