Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.070%

Price spread now: edgeX against SoDEX−0.024%75s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on edgeX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.024% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX EWY-USD	189.63	0.0050	pay 0.0006% / 1h	44m 14s	$776	$3K	10x
Short	edgeX EWYUSDC	189.59	0.0312	get 0.0156% / 4h	44m 14s	$425K	$275K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $54.98
Price spread: −0.024% → 0.000%: −$2.37
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $35.61
Costs to cover: 0.170%
Break-even: 2.5 days

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 34 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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 34 min ago	5.55 bp	10.2 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EWY_USDT	0.0000%	8h	189.61	−0.011%	$3.2M	$2.7M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.33	−0.158%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.63	0.000%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.46	−0.090%	$377K	$62K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.74	+0.058%	—	$217K	25x	as long as short
Entropy io:EWY	+0.0050%	1h	189.53	−0.053%	$51K	$59K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.48	−0.079%	$4K	$74	20x	as long as short
SoDEX EWY-USDlong	+0.0050%	1h	189.63	long leg	$776	$3K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	189.57	−0.032%	$230K	$193K	10x	as long as short
Popdex EWYUSDT	+0.0080%	1h	189.66	+0.016%	$195K	$138K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EWYUSDTM	+0.0100%	8h	189.55	−0.042%	$965K	$708K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.68	+0.026%	$13K	$262K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.64	+0.005%	$2K	$1K	20x	as long as short
Bybit EWYUSDT	+0.0140%	8h	189.70	+0.037%	$5.2M	$4.2M	100x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.58	−0.026%	$527K	$340K	20x	as long as short
Paradex EWY-USD-PERP	+0.0144%	8h	189.71	+0.043%	$23	—	5x	as long as short
tradeXYZ xyz:EWY	+0.0156%	1h	189.61	−0.011%	$6.2M	$14.7M	20x	as long as short
Bitget EWYUSDT	+0.0202%	8h	189.68	+0.026%	$2.6M	$1.6M	20x	as long as short
HTX EWY-USDT	+0.0208%	8h	189.72	+0.047%	$36K	$8K	20x	as long as short
Hotstuff EWY-PERP	+0.0216%	1h	189.59	−0.021%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0288%	8h	189.67	+0.021%	$4.0M	$4.1M	50x	as long as short
edgeX EWYUSDCshort	+0.0312%	4h	189.59	−0.024%	$425K	$275K	20x
Aster EWYUSDT	+0.0517%	8h	189.54	−0.046%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0600%	8h	189.67	+0.022%	$1.5M	$983K	—	as long as short
Extended EWY_24_5-USD	+0.0632%	1h	189.62	−0.007%	$304K	$392K	10x	as long as short
MEXC EWY_USDT	+0.0633%	8h	189.65	+0.011%	$7.5M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0635%	8h	189.60	−0.016%	$28.5M	$79.9M	50x	as long as short
GRVT EWY_USDT_Perp	+0.0639%	8h	189.60	−0.017%	$750K	$400K	10x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0647%	1h	189.66	+0.016%	$2K	$13K	20x	as long as short
BloFin EWY-USDT	+0.0651%	8h	189.71	+0.042%	$47K	$214K	50x	as long as short