Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0656%/8h= −71.8% APRpaid last 24h +0.008%

Price spread now: Bitget against Polymarket Perps+0.129%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.129% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps EWY-USD	185.78	0.0050	pay 0.0006% / 1h	55m 10s	$4K	$141	20x
Short	Bitget EWYUSDT	186.02	−0.0606	pay 0.0606% / 8h	7h 55m	$3.1M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$137.76
Price spread: +0.129% → 0.000%: $12.92
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$144.84
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Bitget: live order book, 2 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.81 bp	10.2 bp −$10	15.0 bp −$150	32.2 bp −$3,222	doesn't fit

Polymarket Perps: 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 EWYUSDTshort	−0.0606%	8h	186.02	+0.129%	$3.1M	$2.6M	20x
Hotstuff EWY-PERP	−0.0128%	1h	186.10	+0.172%	$28K	$15K	20x	as long as short
Vest EWY-USD-PERP	−0.0032%	1h	185.67	−0.059%	—	$235K	25x	as long as short
Aster EWYUSDT	0.0000%	8h	186.04	+0.141%	$288K	$13K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	185.87	+0.046%	$240K	$919K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	185.92	+0.076%	$26.9M	$82.8M	50x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	185.91	+0.070%	$4.0M	$4.6M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.05	+0.145%	$4.1M	$4.3M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	185.90	+0.065%	$7.8M	$4.4M	100x	as long as short
Variational Omni EWY	0.0000%	8h	186.21	+0.234%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	186.30	+0.278%	$731K	$420K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	185.95	+0.092%	—	$2.4M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	185.82	+0.022%	$3K	$15K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.35	+0.307%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	185.98	+0.108%	$1.6M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0020%	8h	185.94	+0.086%	$48K	$217K	50x	as long as short
Lighter EWY	+0.0032%	1h	185.74	−0.022%	$376K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	185.96	+0.097%	$197K	$154K	20x	as long as short
Bybit EWYUSDT	+0.0049%	8h	185.97	+0.102%	$4.9M	$4.9M	100x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	185.85	+0.038%	$6.4M	$14.9M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.03	+0.135%	$141K	$120K	25x	as long as short
Polymarket Perps EWY-USDlong	+0.0050%	1h	185.78	long leg	$4K	$141	20x
SoDEX EWY-USD	+0.0050%	1h	185.92	+0.075%	$742	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	185.89	+0.059%	$234K	$336K	10x	as long as short
Paradex EWY-USD-PERP	+0.0060%	8h	186.01	+0.122%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.20	+0.226%	$959K	$607K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.23	+0.242%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	185.98	+0.108%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0112%	1h	186.04	+0.140%	$516K	$249K	20x	as long as short
edgeX EWYUSDC	+0.0688%	4h	186.14	+0.195%	$417K	$284K	20x	as long as short