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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.025%
Price spread now: SoDEX against Phemex−0.005%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex EWYUSDT189.840get 0.0000% / 8h15m 32s$1.7M$37K10x
ShortSoDEX EWY-USD189.830.0050get 0.0006% / 1h15m 32s$779$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$10.5
Price spread: −0.005% → 0.000%
−$0.53
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$10.03
Costs to cover
0.200%
Break-even
13.7 days
Slippage unknown: Phemex: live order book, 3 min ago; SoDEX: 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, 3 min ago1.58 bp38.5 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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
Gate EWY_USDT0.0000%8h189.87+0.016%$3.6M$3.1M50xas long as short
SunX EWY-USDT0.0000%8h189.62−0.116%$2.7M20xas long as short
Phemex EWYUSDTlong0.0000%8h189.84long leg$1.7M$37K10x
Lighter EWY+0.0032%1h189.74−0.053%$377K$62K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.90+0.032%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.83−0.005%$195K$138K20xas long as short
Entropy io:EWY+0.0050%1h189.73−0.058%$51K$59K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.68−0.084%$4K$8120xas long as short
SoDEX EWY-USDshort+0.0050%1h189.83−0.005%$779$3K10x
Ondo Perps EWY-USD.P+0.0050%1h189.65−0.100%$243K$199K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWYUSDTM+0.0100%8h189.73−0.058%$967K$688K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.88+0.021%$13K$262K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.81−0.016%$2K$1K20xas long as short
Paradex EWY-USD-PERP+0.0135%8h189.98+0.072%$235xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.88+0.021%$527K$342K20xas long as short
tradeXYZ xyz:EWY+0.0148%1h189.81−0.016%$6.7M$14.7M20xas long as short
Bybit EWYUSDT+0.0170%8h189.93+0.047%$5.3M$4.2M100xas long as short
HTX EWY-USDT+0.0224%8h189.99+0.079%$36K$8K20xas long as short
Bitget EWYUSDT+0.0224%8h189.89+0.026%$2.6M$1.5M20xas long as short
Hotstuff EWY-PERP+0.0288%1h189.78−0.032%$28K$12K20xas long as short
OKX EWY-USDT-SWAP+0.0326%8h189.89+0.026%$4.0M$4.0M50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0488%1h189.88+0.021%$2K$13K20xas long as short
Aster EWYUSDT+0.0564%8h189.74−0.051%$294K$12K20xas long as short
Variational Omni EWY+0.0661%8h189.82−0.012%$1.5M$972Kas long as short
GRVT EWY_USDT_Perp+0.0661%8h189.90+0.033%$751K$395K10xas long as short
Extended EWY_24_5-USD+0.0688%1h189.79−0.024%$298K$396K10xas long as short
MEXC EWY_USDT+0.0691%8h189.83−0.005%$7.5M$4.5M100xas long as short
Binance EWYUSDT+0.0692%8h189.83−0.005%$28.6M$79.1M50xas long as short
BloFin EWY-USDT+0.0705%8h189.90+0.032%$47K$214K50xas long as short
edgeX EWYUSDC+0.0771%4h189.89+0.024%$425K$276K20xas long as short