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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.016%
Price spread now: Popdex against SunX+0.090%7-day average +0.028% · 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 3 days (all we have)+0.053%+$5 on $10k
Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.090%, 7d avg +0.028%
Together, before fees+0.022%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.062% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EWY-USDT189.140get 0.0000% / 8h1h 13m$2.7M20x
ShortPopdex EWYUSDT189.310.0048get 0.0006% / 1h13m 41s$195K$138K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
$10.08
Price spread: +0.090% → +0.028%
$6.2
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$1.88
Costs to cover
0.144%
Break-even
5.7 days
Slippage unknown: SunX: live order book, 3 min ago; Popdex: live order book, 5 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, 3 min ago500.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Popdex live order book, 5 min ago0.53 bp4.0 bp −$48.0 bp −$80doesn'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
Hotstuff EWY-PERP−0.0008%1h189.26+0.063%$28K$12K20xas long as short
Gate EWY_USDT0.0000%8h189.31+0.090%$3.2M$2.8M50xas long as short
SunX EWY-USDTlong0.0000%8h189.14long leg$2.7M20x
Phemex EWYUSDT0.0000%8h189.31+0.090%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.16+0.011%$377K$96K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.29+0.079%$217K25xas long as short
Popdex EWYUSDTshort+0.0048%1h189.31+0.090%$195K$138K20x
Polymarket Perps EWY-USD+0.0050%1h189.17+0.016%$4K$5920xas long as short
SoDEX EWY-USD+0.0050%1h189.25+0.058%$784$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.20+0.032%$221K$181K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:EWY+0.0063%1h189.24+0.053%$51K$42K25xas long as short
tradeXYZ xyz:EWY+0.0065%1h189.26+0.063%$6.4M$14.8M20xas long as short
Bybit EWYUSDT+0.0075%8h189.41+0.143%$5.2M$4.1M100xas long as short
KuCoin EWYUSDTM+0.0100%8h189.18+0.021%$964K$725K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.08−0.032%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.33+0.100%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0120%1h189.13−0.005%$525K$332K20xas long as short
Paradex EWY-USD-PERP+0.0149%8h189.34+0.104%$235xas long as short
edgeX EWYUSDC+0.0161%4h189.14+0.002%$424K$275K20xas long as short
Bitget EWYUSDT+0.0184%8h189.35+0.111%$2.5M$1.5M20xas long as short
HTX EWY-USDT+0.0223%8h189.31+0.090%$36K$8K20xas long as short
OKX EWY-USDT-SWAP+0.0242%8h189.37+0.122%$4.0M$4.1M50xas long as short
Deribit EWY_USDC-PERPETUAL+0.0437%1h189.31+0.090%$2K$13K20xas long as short
Aster EWYUSDT+0.0506%8h189.25+0.058%$293K$12K20xas long as short
Variational Omni EWY+0.0583%8h189.13−0.005%$1.4M$889Kas long as short
BloFin EWY-USDT+0.0611%8h189.21+0.037%$47K$214K50xas long as short
MEXC EWY_USDT+0.0614%8h189.32+0.095%$7.5M$4.5M100xas long as short
Binance EWYUSDT+0.0614%8h189.32+0.094%$28.5M$79.6M50xas long as short
Extended EWY_24_5-USD+0.0616%1h189.28+0.073%$304K$392K10xas long as short
GRVT EWY_USDT_Perp+0.0692%8h189.140.000%$748K$399K10xas long as short