Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%

Price spread now: Polymarket Perps against OKX−0.149%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Polymarket Perps is 0.149% cheaper against OKX than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 9.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EWY-USDT-SWAP	187.84	0	get 0.0000% / 8h	2h 30m	$4.1M	$4.2M	50x
Short	Polymarket Perps EWY-USD	187.56	0.0050	get 0.0006% / 1h	30m 53s	$4K	$126	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.149%Rate

Funding earned: $10.5
Price spread: −0.149% → 0.000%: −$14.91
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.41
Costs to cover: 0.180%
Break-even: 21.9 days

Slippage unknown: OKX: live order book, 2 min ago; Polymarket 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, 2 min ago	0.27 bp	7.5 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket 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 venues

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
Aster EWYUSDT	0.0000%	8h	187.85	+0.004%	$291K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.80	−0.021%	$230K	$491K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.89	+0.027%	$27.3M	$79.2M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.80	−0.021%	$5.1M	$4.5M	100x	as long as short
OKX EWY-USDT-SWAPlong	0.0000%	8h	187.84	long leg	$4.1M	$4.2M	50x
Gate EWY_USDT	0.0000%	8h	187.85	+0.005%	$4.1M	$4.1M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.85	+0.005%	$6.1M	$3.8M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	187.93	+0.048%	$2.7M	$2.3M	20x	as long as short
Variational Omni EWY	0.0000%	8h	187.79	−0.029%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	187.50	−0.179%	$741K	$414K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWY-USDT	0.0000%	8h	187.63	−0.112%	—	$2.5M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	187.83	−0.005%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.85	+0.005%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0028%	8h	187.82	−0.011%	$48K	$215K	50x	as long as short
Lighter EWY	+0.0032%	1h	187.71	−0.069%	$381K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0040%	1h	188.04	+0.106%	$523K	$280K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	187.48	−0.192%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.77	−0.037%	$196K	$148K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.74	−0.053%	$6.1M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.75	−0.048%	$65K	$81K	25x	as long as short
Polymarket Perps EWY-USDshort	+0.0050%	1h	187.56	−0.149%	$4K	$126	20x
SoDEX EWY-USD	+0.0050%	1h	187.65	−0.101%	$735	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.60	−0.128%	$214K	$316K	10x	as long as short
Paradex EWY-USD-PERP	+0.0052%	8h	187.71	−0.070%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.79	−0.027%	$967K	$604K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	187.46	−0.202%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.79	−0.027%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0103%	4h	187.56	−0.150%	$421K	$285K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0336%	1h	187.85	+0.005%	$2K	$14K	20x	as long as short
Hotstuff EWY-PERP	+0.0376%	1h	187.45	−0.208%	$28K	$12K	20x	as long as short