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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h +0.037%
Price spread now: Extended against tradeXYZ−0.086%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$250.251% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.086%, 7d avg +0.049%
Together, before fees+0.092%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.135% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.049%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:EWY187.770.0050pay 0.0006% / 1h57m 09s$5.9M$15.2M20x
ShortExtended EWY_24_5-USD187.610get 0.0000% / 1h57m 09s$238K$896K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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
−$10.5
Price spread: −0.086% → +0.049%
−$13.51
Slippage, 4 orders
−$2.09
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$49.1
Costs to cover
0.251%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; Extended: live order book, 36 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 12 min ago0.54 bp9.5 bp −$1013.6 bp −$136doesn't fitdoesn't fit
Sell Extended live order book, 36 min ago0.03 bp2.9 bp −$36.5 bp −$65doesn'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−0.0330%8h187.89+0.064%$3.1M$2.8M20xas long as short
Aster EWYUSDT0.0000%8h187.50−0.143%$290K$14K20xas long as short
Extended EWY_24_5-USDshort0.0000%1h187.61−0.086%$238K$896K10x
Binance EWYUSDT0.0000%8h187.80+0.016%$26.8M$82.4M50xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.85+0.043%$4.0M$4.6M50xas long as short
Gate EWY_USDT0.0000%8h187.88+0.059%$4.0M$4.5M50xas long as short
MEXC EWY_USDT0.0000%8h187.66−0.059%$7.5M$4.1M100xas long as short
Variational Omni EWY0.0000%8h186.89−0.468%$1.2M$923Kas long as short
GRVT EWY_USDT_Perp0.0000%8h186.96−0.434%$733K$414K10xas long as short
SunX EWY-USDT0.0000%8h187.39−0.202%$2.1M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWY-USDT0.0000%8h186.97−0.426%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.66−0.059%$1.7M$36K10xas long as short
BloFin EWY-USDT+0.0003%8h187.770.000%$48K$224K50xas long as short
Lighter EWY+0.0032%1h187.64−0.069%$381K$41K20xas long as short
Vest EWY-USD-PERP+0.0046%1h187.66−0.059%$215K25xas long as short
Popdex EWYUSDT+0.0048%1h187.64−0.069%$197K$154K20xas long as short
tradeXYZ xyz:EWYlong+0.0050%1h187.77long leg$5.9M$15.2M20x
Entropy io:EWY+0.0050%1h187.29−0.256%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.40−0.197%$4K$4K20xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.47−0.160%$235K$313K10xas long as short
Paradex EWY-USD-PERP+0.0061%8h187.65−0.063%$235xas long as short
Hotstuff EWY-PERP+0.0096%1h187.48−0.154%$28K$16K20xas long as short
KuCoin EWYUSDTM+0.0100%8h187.52−0.133%$965K$648K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.94−0.442%$13K$266K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.61−0.085%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0123%1h187.64−0.069%$3K$15K20xas long as short
Bybit EWYUSDT+0.0123%8h187.84+0.037%$5.0M$4.6M100xas long as short
Coinbase International EWY-PERP-INTX+0.0128%1h186.97−0.426%$519K$237K20xas long as short
SoDEX EWY-USD+0.0559%1h187.57−0.107%$758$3K10xas long as short
edgeX EWYUSDC+0.0756%4h187.16−0.323%$420K$284K20xas long as short