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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0667%/8h= +73.0% APRnext payment +$6.67 per $10,000 · paid last 24h +0.066%
Price spread now: GRVT against SunX+0.241%46s7-day average +0.011% · you sell dearer than you buy
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 7 days+0.157%+$16 on $10k
Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.241%, 7d avg +0.011%
Together, before fees−0.039%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and GRVT is 0.230% dearer against SunX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.67 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EWY-USDT187.310get 0.0000% / 8h6h 19m$1.9M20x
ShortGRVT EWY_USDT_Perp187.760.0667get 0.0667% / 8h6h 19m$735K$410K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against SunX. 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
$140.07
Price spread: +0.241% → +0.011%
$23
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$146.07
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SunX: live order book, 10 min ago; GRVT: live order book, 31 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 SunX live order book, 10 min ago500.17 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 31 min ago1.60 bp6.6 bp −$710.9 bp −$109doesn't fitdoesn't fit

EWY on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−0.0136%1h187.51+0.107%$28K$16K20xas long as short
Bitget EWYUSDT−0.0117%8h187.63+0.171%$3.1M$2.9M20xas long as short
Aster EWYUSDT0.0000%8h187.51+0.108%$290K$14K20xas long as short
Bybit EWYUSDT0.0000%8h187.66+0.187%$4.9M$4.7M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.56+0.133%$4.0M$4.7M50xas long as short
SunX EWY-USDTlong0.0000%8h187.31long leg$1.9M20x
Phemex EWYUSDT0.0000%8h187.66+0.187%$1.7M$37K10xas long as short
Variational Omni EWY+0.0018%8h187.61+0.158%$1.2M$909Kas long as short
BloFin EWY-USDT+0.0032%8h187.61+0.160%$48K$227K50xas long as short
Lighter EWY+0.0032%1h187.43+0.064%$380K$44K20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EWY-USD-PERP+0.0046%1h187.71+0.214%$215K25xas long as short
Extended EWY_24_5-USD+0.0048%1h187.56+0.134%$234K$909K10xas long as short
Popdex EWYUSDT+0.0048%1h187.65+0.182%$199K$166K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.50+0.101%$5.8M$15.2M20xas long as short
Entropy io:EWY+0.0050%1h187.58+0.144%$142K$119K25xas long as short
MEXC EWY_USDT+0.0050%8h187.61+0.160%$7.4M$4.3M100xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.67+0.192%$4K$5K20xas long as short
SoDEX EWY-USD+0.0050%1h187.63+0.171%$769$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.45+0.075%$227K$317K10xas long as short
Paradex EWY-USD-PERP+0.0052%8h187.73+0.225%$235xas long as short
Binance EWYUSDT+0.0056%8h187.62+0.167%$26.3M$83.4M50xas long as short
Gate EWY_USDT+0.0079%8h187.70+0.208%$4.0M$4.6M50xas long as short
KuCoin EWYUSDTM+0.0100%8h187.48+0.091%$964K$679K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.42+0.059%$13K$266K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.63+0.171%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0123%1h187.60+0.155%$3K$14K20xas long as short
Coinbase International EWY-PERP-INTX+0.0128%1h187.79+0.256%$521K$248K20xas long as short
HTX EWY-USDT+0.0189%8h187.77+0.246%$22K$35K20xas long as short
edgeX EWYUSDC+0.0309%4h187.67+0.190%$421K$286K20xas long as short
GRVT EWY_USDT_Perpshort+0.0667%8h187.76+0.241%$735K$410K10x