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+0.0050%/8h= +5.5% APRpaid last 24h −0.019%
Price spread now: tradeXYZ against OKX−0.037%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.361% 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 7 days−0.006%−$1 · spread now −0.037%, 7d avg −0.087%
Together, before fees+0.025%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.050% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWY-USDT-SWAP186.930get 0.0000% / 8h33m 34s$4.1M$4.7M50x
ShorttradeXYZ xyz:EWY186.860.0050get 0.0006% / 1h33m 34s$6.2M$14.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$10.5
Price spread: −0.037% → −0.087%
$5
Slippage, 4 orders
−$8.09
Fee OKX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$20.59
Costs to cover
0.361%
Break-even
20.7 days
Slippage from OKX: live order book, 4 min ago; tradeXYZ: live order book, 5 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 OKX live order book, 4 min ago0.27 bp6.6 bp −$712.2 bp −$122doesn't fitdoesn't fit
Sell tradeXYZ live order book, 5 min ago0.54 bp10.5 bp −$1112.2 bp −$122doesn'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−0.0438%8h187.12+0.102%$2.8M$2.5M20xas long as short
BloFin EWY-USDT−0.0002%8h187.04+0.059%$48K$217K50xas long as short
Vest EWY-USD-PERP−0.0001%1h186.58−0.187%$220K25xas long as short
Aster EWYUSDT0.0000%8h187.06+0.071%$290K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.97+0.021%$238K$912K10xas long as short
Binance EWYUSDT0.0000%8h187.02+0.048%$27.2M$82.8M50xas long as short
Bybit EWYUSDT0.0000%8h187.02+0.048%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAPlong0.0000%8h186.93long leg$4.1M$4.7M50x
Gate EWY_USDT0.0000%8h187.05+0.064%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h186.99+0.032%$8.5M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.02+0.047%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.00+0.035%$739K$416K10xas long as short
SunX EWY-USDT0.0000%8h186.89−0.021%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h187.09+0.086%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.03+0.053%$1.7M$37K10xas long as short
Hotstuff EWY-PERP+0.0024%1h186.86−0.037%$28K$12K20xas long as short
Lighter EWY+0.0032%1h186.84−0.048%$379K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h187.02+0.048%$197K$153K20xas long as short
tradeXYZ xyz:EWYshort+0.0050%1h186.86−0.037%$6.2M$14.4M20x
Entropy io:EWY+0.0050%1h186.90−0.016%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.82−0.059%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.97+0.021%$752$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.87−0.032%$223K$332K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.92−0.005%$519K$246K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.99+0.030%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.89−0.021%$962K$603K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.86−0.037%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.99+0.032%$2K$1K20xas long as short
edgeX EWYUSDC+0.0524%4h187.06+0.070%$419K$285K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0553%1h186.96+0.016%$2K$14K20xas long as short