Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.008%

Price spread now: ApeX Omni against Paradex−0.133%50s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.133% cheaper against Paradex than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex EWY-USD-PERP	188.62	0.0060	pay 0.0060% / 8h	2h 06m	$23	—	5x
Short	ApeX Omni EWYUSDT	188.37	0.0100	get 0.0013% / 1h	6m 21s	$13K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.133%Rate

Funding earned: $8.41
Price spread: −0.133% → 0.000%: −$13.27
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.85
Costs to cover: 0.140%
Break-even: 22.7 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 41 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 41 min ago	28.31 bp	40.0 bp −$40	193.0 bp −$1,930	doesn't fit	doesn't fit

Paradex: 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
Bitget EWYUSDT	−0.0136%	8h	188.61	−0.005%	$2.7M	$2.3M	20x	as long as short
Hotstuff EWY-PERP	−0.0120%	1h	188.50	−0.064%	$28K	$12K	20x	as long as short
BloFin EWY-USDT	−0.0012%	8h	188.57	−0.027%	$47K	$217K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	188.65	+0.018%	$292K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	188.56	−0.034%	$241K	$500K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	188.61	−0.003%	$27.4M	$81.2M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.65	+0.016%	$5.0M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.53	−0.048%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	188.64	+0.010%	$4.1M	$4.2M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	188.60	−0.011%	$8.9M	$4.2M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	188.31	−0.163%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	188.35	−0.144%	$744K	$426K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	188.60	−0.011%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	188.59	−0.016%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	188.45	−0.090%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.54	−0.043%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.52	−0.053%	$382K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0040%	1h	187.91	−0.377%	$523K	$277K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.42	−0.106%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.62	0.000%	$198K	$151K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.48	−0.074%	$6.3M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.34	−0.149%	$126K	$111K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.41	−0.111%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.56	−0.032%	$741	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.47	−0.080%	$216K	$318K	10x	as long as short
Paradex EWY-USD-PERPlong	+0.0060%	8h	188.62	long leg	$23	—	5x
KuCoin EWYUSDTM	+0.0100%	8h	188.36	−0.138%	$970K	$599K	20x	as long as short
ApeX Omni EWYUSDTshort	+0.0100%	1h	188.37	−0.133%	$13K	$265K	50x
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.60	−0.011%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0835%	4h	188.30	−0.172%	$422K	$284K	20x	as long as short