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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.043%
Price spread now: Deribit against Phemex−0.037%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.037% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex EWYUSDT190.280get 0.0000% / 8h7h 28m$1.7M$38K10x
ShortDeribit EWY_USDC-PERPETUAL190.210get 0.0000% / 1h28m 59s$2K$13K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Phemex. 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
Price spread: −0.037% → 0.000%
−$3.68
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$22.68
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago1.58 bp59.1 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EWYUSDT0.0000%8h190.42+0.074%$5.3M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.280.000%$4.1M$3.3M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.04−0.124%$752K$384K10xas long as short
SunX EWY-USDT0.0000%8h190.16−0.063%$2.7M20xas long as short
Deribit EWY_USDC-PERPETUALshort0.0000%1h190.21−0.037%$2K$13K20x
HTX EWY-USDT0.0000%8h190.08−0.105%$26K$28K20xas long as short
Phemex EWYUSDTlong0.0000%8h190.28long leg$1.7M$38K10x
Lighter EWY+0.0032%1h190.15−0.068%$379K$54K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.33+0.026%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.19−0.047%$196K$143K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h190.25−0.016%$6.3M$15.0M20xas long as short
Entropy io:EWY+0.0050%1h190.05−0.121%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.01−0.142%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.18−0.053%$424$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.93−0.184%$229K$232K10xas long as short
Paradex EWY-USD-PERP+0.0085%8h190.18−0.050%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.01−0.142%$980K$668K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.00−0.147%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.24−0.021%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.77−0.268%$530K$338K20xas long as short
OKX EWY-USDT-SWAP+0.0300%8h190.44+0.084%$4.1M$3.6M50xas long as short
Bitget EWYUSDT+0.0320%8h190.29+0.005%$2.7M$1.6M20xas long as short
Hotstuff EWY-PERP+0.0360%1h190.14−0.074%$29K$12K20xas long as short
Aster EWYUSDT+0.0502%8h190.25−0.017%$295K$12K20xas long as short
Variational Omni EWY+0.0597%8h190.06−0.118%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0616%1h190.23−0.027%$302K$717K10xas long as short
Binance EWYUSDT+0.0619%8h190.42+0.074%$28.6M$77.9M50xas long as short
MEXC EWY_USDT+0.0623%8h190.29+0.005%$7.5M$4.5M100xas long as short
BloFin EWY-USDT+0.0624%8h190.24−0.021%$47K$214K50xas long as short
edgeX EWYUSDC+0.0746%4h190.05−0.121%$426K$283K20xas long as short