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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.005%
Price spread now: Entropy against Paradex−0.086%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.086% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex EWY-USD-PERP188.600.0054pay 0.0054% / 8h5h 07m$235x
ShortEntropy io:EWY188.440.0050get 0.0006% / 1h7m 31s$143K$118K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy 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

Funding earned
−$0.93
Price spread: −0.086% → 0.000%
−$8.64
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$31.57
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Entropy: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Entropy live order book, 30 min ago5.04 bp16.0 bp −$1694.3 bp −$943doesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−8.0000%1h188.47−0.070%$27K$18K20xas long as short
Bybit EWYUSDT0.0000%8h188.52−0.044%$5.0M$5.0M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h188.46−0.076%$4.0M$4.9M50xas long as short
Bitget EWYUSDT0.0000%8h188.51−0.049%$3.2M$3.2M20xas long as short
SunX EWY-USDT0.0000%8h188.19−0.219%$1.7M20xas long as short
Phemex EWYUSDT0.0000%8h188.48−0.065%$1.7M$37K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0015%1h188.48−0.065%$3K$11K20xas long as short
Lighter EWY+0.0032%1h188.39−0.113%$382K$44K20xas long as short
Vest EWY-USD-PERP+0.0046%1h188.58−0.012%$224K25xas long as short
Popdex EWYUSDT+0.0048%1h188.51−0.049%$201K$166K20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h188.39−0.113%$5.9M$14.8M20xas long as short
Entropy io:EWYshort+0.0050%1h188.44−0.086%$143K$118K25x
SoDEX EWY-USD+0.0050%1h188.48−0.065%$777$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h188.28−0.171%$225K$315K10xas long as short
Paradex EWY-USD-PERPlong+0.0054%8h188.60long leg$235x
Gate EWY_USDT+0.0079%8h188.59−0.007%$3.9M$4.9M50xas long as short
Coinbase International EWY-PERP-INTX+0.0088%1h188.08−0.277%$523K$254K20xas long as short
KuCoin EWYUSDTM+0.0100%8h188.38−0.118%$970K$733K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h188.50−0.055%$13K$266K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.50−0.055%$2K$1K20xas long as short
Polymarket Perps EWY-USD+0.0194%1h188.64+0.020%$4K$7K20xas long as short
Aster EWYUSDT+0.0322%8h188.40−0.107%$292K$14K20xas long as short
Variational Omni EWY+0.0384%8h188.33−0.146%$1.1M$941Kas long as short
BloFin EWY-USDT+0.0389%8h188.47−0.070%$48K$244K50xas long as short
MEXC EWY_USDT+0.0420%8h188.49−0.060%$7.1M$4.5M100xas long as short
Binance EWYUSDT+0.0424%8h188.49−0.060%$26.2M$86.1M50xas long as short
Extended EWY_24_5-USD+0.0424%1h188.45−0.081%$249K$943K10xas long as short
edgeX EWYUSDC+0.0497%4h188.38−0.118%$422K$290K20xas long as short
HTX EWY-USDT+0.0535%8h188.44−0.086%$22K$36K20xas long as short
GRVT EWY_USDT_Perp+0.1028%8h188.47−0.072%$738K$412K10xas long as short