Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%

Price spread now: Ondo Perps against OKX−0.122%7-day average −0.087% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.122%, 7d avg −0.087%

Together, before fees−0.025%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.035% cheaper against OKX than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of −0.087%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.020% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EWY-USDT-SWAP	188.51	0	get 0.0000% / 8h	5h 05m	$4.0M	$4.9M	50x
Short	Ondo Perps EWY-USD.P	188.28	0.0050	get 0.0006% / 1h	5m 23s	$225K	$315K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.122%Rate

Funding earned: $10.58
Price spread: −0.122% → −0.087%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.96
Costs to cover: 0.150%
Break-even: 12.3 days

Slippage unknown: OKX: live order book, 5 min ago; Ondo Perps: 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 OKX live order book, 5 min ago	0.26 bp	7.2 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 exchanges

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
Hotstuff EWY-PERP	−8.0000%	1h	188.43	−0.042%	$28K	$18K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.55	+0.021%	$5.0M	$5.0M	100x	as long as short
OKX EWY-USDT-SWAPlong	0.0000%	8h	188.51	long leg	$4.0M	$4.9M	50x
Bitget EWYUSDT	0.0000%	8h	188.55	+0.021%	$3.2M	$3.2M	20x	as long as short
SunX EWY-USDT	0.0000%	8h	188.21	−0.159%	—	$1.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.51	0.000%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.39	−0.064%	$382K	$44K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.61	+0.053%	—	$224K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.54	+0.016%	$201K	$166K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.41	−0.053%	$5.9M	$14.8M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:EWY	+0.0050%	1h	188.44	−0.037%	$143K	$119K	25x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.50	−0.005%	$779	$3K	10x	as long as short
Ondo Perps EWY-USD.Pshort	+0.0050%	1h	188.28	−0.122%	$225K	$315K	10x
Paradex EWY-USD-PERP	+0.0054%	8h	188.62	+0.057%	$23	—	5x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0068%	1h	188.51	0.000%	$3K	$11K	20x	as long as short
Gate EWY_USDT	+0.0078%	8h	188.56	+0.027%	$4.0M	$4.9M	50x	as long as short
Coinbase International EWY-PERP-INTX	+0.0088%	1h	188.08	−0.228%	$523K	$254K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.32	−0.101%	$969K	$734K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.50	−0.005%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.52	+0.005%	$2K	$1K	20x	as long as short
Polymarket Perps EWY-USD	+0.0196%	1h	188.67	+0.085%	$4K	$7K	20x	as long as short
Aster EWYUSDT	+0.0330%	8h	188.42	−0.050%	$292K	$14K	20x	as long as short
Variational Omni EWY	+0.0403%	8h	188.50	−0.008%	$1.1M	$941K	—	as long as short
BloFin EWY-USDT	+0.0423%	8h	188.51	0.000%	$48K	$244K	50x	as long as short
Extended EWY_24_5-USD	+0.0424%	1h	188.45	−0.032%	$247K	$1.0M	10x	as long as short
MEXC EWY_USDT	+0.0425%	8h	188.52	+0.005%	$7.1M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0429%	8h	188.51	0.000%	$26.2M	$86.2M	50x	as long as short
HTX EWY-USDT	+0.0534%	8h	188.44	−0.037%	$22K	$36K	20x	as long as short
edgeX EWYUSDC	+0.0679%	4h	188.46	−0.029%	$422K	$290K	20x	as long as short
GRVT EWY_USDT_Perp	+0.1028%	8h	188.47	−0.023%	$738K	$412K	10x	as long as short