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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Gate against Popdex+0.037%53s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$370.369% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.056%−$6 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.037%, 7d avg +0.005%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.032% dearer against Popdex than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex EWYUSDT189.270.0048pay 0.0006% / 1h51m 42s$197K$147K20x
ShortGate EWY_USDT189.340get 0.0000% / 8h2h 51m$4.1M$3.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Popdex. 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
−$10.08
Price spread: +0.037% → +0.005%
$3.24
Slippage, 4 orders
−$15.54
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$43.77
Costs to cover
0.369%
Break-even
never at this rate
Slippage from Popdex: live order book, 62 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 62 min ago0.79 bp6.5 bp −$711.0 bp −$110doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago1.59 bp11.7 bp −$1227.3 bp −$27349.1 bp −$4,90885.0 bp −$42.5K

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
Aster EWYUSDT0.0000%8h189.32+0.028%$294K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h189.22−0.025%$299K$425K10xas long as short
Binance EWYUSDT0.0000%8h189.29+0.011%$27.6M$78.1M50xas long as short
Bybit EWYUSDT0.0000%8h189.38+0.058%$5.1M$4.4M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.26−0.005%$4.2M$4.1M50xas long as short
Gate EWY_USDTshort0.0000%8h189.34+0.037%$4.1M$3.9M50x
MEXC EWY_USDT0.0000%8h189.32+0.026%$6.2M$3.7M100xas long as short
Bitget EWYUSDT0.0000%8h189.29+0.011%$2.7M$2.2M20xas long as short
Variational Omni EWY0.0000%8h189.10−0.089%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h189.02−0.134%$747K$407K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWY-USDT0.0000%8h189.08−0.100%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h189.22−0.026%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h189.30+0.016%$1.7M$37K10xas long as short
BloFin EWY-USDT+0.0028%8h189.11−0.085%$48K$216K50xas long as short
Lighter EWY+0.0032%1h189.13−0.074%$383K$40K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h188.40−0.460%$524K$288K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.13−0.074%$220K25xas long as short
Popdex EWYUSDTlong+0.0048%1h189.27long leg$197K$147K20x
tradeXYZ xyz:EWY+0.0050%1h189.20−0.037%$6.2M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h189.07−0.106%$65K$81K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.06−0.111%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.22−0.026%$736$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.17−0.053%$204K$307K10xas long as short
Paradex EWY-USD-PERP+0.0052%8h189.34+0.038%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h189.11−0.085%$974K$611K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h188.93−0.180%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.20−0.037%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0144%1h189.02−0.132%$28K$12K20xas long as short
edgeX EWYUSDC+0.0229%4h188.99−0.150%$424K$284K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0279%1h189.17−0.053%$2K$14K20xas long as short