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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: SunX against Popdex−0.096%7-day average −0.028% · 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)−0.058%−$6 on $10k
Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.096%, 7d avg −0.028%
Together, before fees+0.017%+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.069% cheaper against Popdex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex EWYUSDT187.060.0048pay 0.0006% / 1h36m 20s$197K$153K20x
ShortSunX EWY-USDT186.880get 0.0000% / 8h36m 20s$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.096% → −0.028%
−$6.87
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee SunX: 4 bp × 2 orders
−$8
Net
−$31.35
Costs to cover
0.144%
Break-even
never at this rate
Slippage unknown: Popdex: live order book, 2 min ago; SunX: live order book, 11 min ago. 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 Popdex live order book, 2 min ago0.53 bp6.4 bp −$69.7 bp −$97doesn't fitdoesn't fit
Sell SunX live order book, 11 min ago500.25 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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
Bitget EWYUSDT−0.0426%8h187.14+0.043%$2.8M$2.5M20xas long as short
BloFin EWY-USDT−0.0004%8h187.060.000%$48K$217K50xas long as short
Aster EWYUSDT0.0000%8h187.09+0.015%$290K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.04−0.011%$238K$912K10xas long as short
Binance EWYUSDT0.0000%8h187.07+0.005%$27.2M$82.8M50xas long as short
Bybit EWYUSDT0.0000%8h187.08+0.011%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.99−0.037%$4.1M$4.7M50xas long as short
Hotstuff EWY-PERP0.0000%1h186.90−0.086%$28K$12K20xas long as short
Gate EWY_USDT0.0000%8h187.08+0.011%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h187.060.000%$8.5M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.26+0.106%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.15+0.048%$740K$416K10xas long as short
SunX EWY-USDTshort0.0000%8h186.88−0.096%$2.4M20x
HTX EWY-USDT0.0000%8h187.17+0.059%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.05−0.005%$1.7M$37K10xas long as short
Vest EWY-USD-PERP0.0000%1h186.67−0.208%$220K25xas long as short
Lighter EWY+0.0032%1h186.81−0.134%$379K$40K20xas long as short
Popdex EWYUSDTlong+0.0048%1h187.06long leg$197K$153K20x
tradeXYZ xyz:EWY+0.0050%1h186.95−0.059%$6.2M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h186.92−0.075%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.88−0.096%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h187.00−0.032%$752$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.87−0.102%$223K$332K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h187.060.000%$519K$246K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h187.00−0.030%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.92−0.075%$962K$603K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.33+0.144%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.060.000%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0446%1h186.97−0.048%$2K$14K20xas long as short
edgeX EWYUSDC+0.0509%4h187.13+0.037%$420K$285K20xas long as short