Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0467%/8h= +51.1% APRpaid last 24h +0.055%

Price spread now: MEXC against SoDEX−0.026%7-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 MEXC

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—needs both histories

Funding pays, the price is against you. MEXC is 0.026% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX EWY-USD	189.56	0.0050	pay 0.0006% / 1h	39m 23s	$618	$4K	10x
Short	MEXC EWY_USDT	189.51	0.0517	get 0.0517% / 8h	6h 39m	$7.0M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: $98.07
Price spread: −0.026% → 0.000%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $87.43
Costs to cover: 0.080%
Break-even: 0.8 days

Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.26 bp	0.3 bp $0	0.4 bp −$4	3.3 bp −$335	107.1 bp −$53.6K

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
Deribit EWY_USDC-PERPETUAL	−0.0119%	1h	189.45	−0.058%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.61	+0.026%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.49	−0.037%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.73	+0.089%	$750K	$384K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.54	−0.011%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.79	+0.121%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.59	+0.016%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.41	−0.079%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.70	+0.074%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.50	−0.032%	$198K	$143K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	+0.380%	$531K	$336K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.49	−0.037%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.68	+0.063%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.34	−0.116%	$4K	$126	20x	as long as short
SoDEX EWY-USDlong	+0.0050%	1h	189.56	long leg	$618	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	189.41	−0.079%	$229K	$242K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	189.50	−0.031%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.56	0.000%	$976K	$635K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.78	+0.116%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.59	+0.016%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0222%	8h	189.59	+0.016%	$4.1M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0303%	8h	189.60	+0.021%	$2.7M	$1.9M	20x	as long as short
Hotstuff EWY-PERP	+0.0400%	1h	189.67	+0.058%	$28K	$12K	20x	as long as short
Aster EWYUSDT	+0.0406%	8h	189.59	+0.014%	$294K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0496%	4h	189.87	+0.164%	$425K	$282K	20x	as long as short
Variational Omni EWY	+0.0499%	8h	189.70	+0.072%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0512%	1h	189.55	−0.008%	$302K	$670K	10x	as long as short
Binance EWYUSDT	+0.0515%	8h	189.56	0.000%	$28.3M	$77.6M	50x	as long as short
MEXC EWY_USDTshort	+0.0517%	8h	189.51	−0.026%	$7.0M	$4.2M	100x
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.459%	$2K	$214K	50x	as long as short