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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.040%
Price spread now: KuCoin against MEXC−0.096%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$336as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3393.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.096%, 7d avg −0.051%
Together, before fees+0.055%+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.045% cheaper against MEXC than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.051%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.031% in total) that is about 10 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EWY_USDT188.120get 0.0000% / 8h1h 52m$7.9M$4.2M100x
ShortKuCoin EWYUSDTM187.940.0100get 0.0100% / 8h1h 52m$967K$598K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21
Price spread: −0.096% → −0.051%
−$4.45
Slippage, 4 orders
−$326.63
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$322.08
Costs to cover
3.386%
Break-even
114.4 days
Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 47 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, 5 min ago0.26 bp0.3 bp $00.3 bp −$32.7 bp −$26995.8 bp −$47.9K
Sell KuCoin live order book, 47 min ago5.86 bp154.0 bp −$154doesn't fitdoesn'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
Bitget EWYUSDT−0.0106%8h188.16+0.021%$2.7M$2.3M20xas long as short
Aster EWYUSDT0.0000%8h188.07−0.025%$292K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h188.00−0.064%$241K$500K10xas long as short
Binance EWYUSDT0.0000%8h188.09−0.016%$27.3M$81.5M50xas long as short
Bybit EWYUSDT0.0000%8h188.15+0.016%$5.0M$4.8M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.99−0.069%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h188.10−0.011%$4.1M$4.2M50xas long as short
MEXC EWY_USDTlong0.0000%8h188.12long leg$7.9M$4.2M100x
Variational Omni EWY0.0000%8h188.18+0.033%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h188.10−0.010%$743K$419K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWY-USDT0.0000%8h188.06−0.032%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h188.06−0.032%$2K$14K20xas long as short
HTX EWY-USDT0.0000%8h188.27+0.080%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h188.11−0.005%$1.7M$37K10xas long as short
BloFin EWY-USDT+0.0022%8h188.13+0.005%$48K$216K50xas long as short
Lighter EWY+0.0032%1h187.94−0.096%$381K$40K20xas long as short
Hotstuff EWY-PERP+0.0040%1h187.87−0.133%$28K$12K20xas long as short
Vest EWY-USD-PERP+0.0046%1h187.82−0.159%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h188.10−0.011%$197K$150K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h188.61+0.260%$524K$274K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.99−0.069%$6.3M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h188.05−0.037%$143K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.92−0.106%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.97−0.080%$752$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.83−0.154%$215K$318K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h188.16+0.020%$235xas long as short
edgeX EWYUSDC+0.0077%4h188.11−0.005%$422K$284K20xas long as short
KuCoin EWYUSDTMshort+0.0100%8h187.94−0.096%$967K$598K20x
ApeX Omni EWYUSDT+0.0100%1h188.27+0.080%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.04−0.043%$2K$1K20xas long as short