Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0459%/8h= +50.2% APRpaid last 24h +0.029%

Price spread now: Extended against Paradex−0.031%7-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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.031% cheaper against Paradex than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex EWY-USD-PERP	189.62	0.0061	pay 0.0061% / 8h	6h 40m	$23	—	5x
Short	Extended EWY_24_5-USD	189.56	0.0520	get 0.0065% / 1h	40m 24s	$302K	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: $96.31
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $84.2
Costs to cover: 0.090%
Break-even: 0.9 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 28 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 Extended live order book, 28 min ago	0.03 bp	2.8 bp −$3	6.8 bp −$68	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
Deribit EWY_USDC-PERPETUAL	−0.0172%	1h	189.69	+0.035%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.64	+0.008%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.61	−0.007%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.99	+0.192%	$751K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.83	+0.109%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.79	+0.088%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.74	+0.061%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.51	−0.060%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.84	+0.114%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.60	−0.013%	$197K	$143K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	+0.346%	$531K	$337K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.60	−0.013%	$6.3M	$14.1M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.81	+0.098%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.46	−0.086%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.73	+0.056%	$610	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.62	−0.002%	$229K	$231K	10x	as long as short
Paradex EWY-USD-PERPlong	+0.0061%	8h	189.62	long leg	$23	—	5x
KuCoin EWYUSDTM	+0.0100%	8h	189.66	+0.019%	$977K	$635K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.78	+0.082%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.60	−0.013%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0228%	8h	189.63	+0.003%	$4.1M	$3.4M	50x	as long as short
Bitget EWYUSDT	+0.0319%	8h	189.66	+0.019%	$2.8M	$1.9M	20x	as long as short
Hotstuff EWY-PERP	+0.0400%	1h	189.67	+0.024%	$28K	$12K	20x	as long as short
Aster EWYUSDT	+0.0411%	8h	189.70	+0.038%	$294K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0496%	4h	189.87	+0.131%	$425K	$282K	20x	as long as short
Variational Omni EWY	+0.0499%	8h	189.70	+0.038%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0517%	8h	189.59	−0.018%	$28.4M	$77.3M	50x	as long as short
Extended EWY_24_5-USDshort	+0.0520%	1h	189.56	−0.031%	$302K	$670K	10x
MEXC EWY_USDT	+0.0522%	8h	189.60	−0.013%	$7.0M	$4.1M	100x	as long as short
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.425%	$2K	$214K	50x	as long as short