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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.052%
Price spread now: tradeXYZ against Variational Omni−0.260%7-day average −0.075% · you buy dearer than you sell
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 4 days (all we have)−0.018%−$2 on $10k
Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.260%, 7d avg −0.075%
Together, before fees+0.206%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.185% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.075%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni EWY189.440get 0.0000% / 8h3h 18m$1.2M$1.1M
ShorttradeXYZ xyz:EWY188.950.0050get 0.0006% / 1h18m 15s$6.1M$14.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. 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: −0.260% → −0.075%
−$18.46
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$25.96
Costs to cover
0.180%
Break-even
24.3 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; tradeXYZ: live order book, 11 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 Variational Omni RFQ quote, 1 min ago2.22 bpdoesn't fit4.8 bp −$48doesn't fitdoesn't fit
Sell tradeXYZ live order book, 11 min ago0.53 bp10.7 bp −$1112.9 bp −$129doesn'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
Deribit EWY_USDC-PERPETUAL−0.0173%1h188.94−0.265%$2K$14K20xas long as short
BloFin EWY-USDT−0.0018%8h189.18−0.138%$48K$214K50xas long as short
Aster EWYUSDT0.0000%8h189.06−0.203%$293K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h189.00−0.234%$300K$661K10xas long as short
Binance EWYUSDT0.0000%8h189.05−0.207%$27.6M$77.4M50xas long as short
Bybit EWYUSDT0.0000%8h189.07−0.196%$5.1M$4.3M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.03−0.217%$4.3M$4.0M50xas long as short
Hotstuff EWY-PERP0.0000%1h189.29−0.080%$28K$12K20xas long as short
Gate EWY_USDT0.0000%8h189.06−0.202%$4.1M$3.9M50xas long as short
MEXC EWY_USDT0.0000%8h189.05−0.207%$6.2M$3.8M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget EWYUSDT0.0000%8h189.12−0.170%$2.7M$2.2M20xas long as short
Variational Omni EWYlong0.0000%8h189.44long leg$1.2M$1.1M
GRVT EWY_USDT_Perp0.0000%8h189.46+0.010%$749K$402K10xas long as short
SunX EWY-USDT0.0000%8h189.05−0.207%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h189.44−0.001%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h189.08−0.191%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h188.89−0.291%$382K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.09−0.186%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.07−0.196%$197K$147K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h189.35−0.048%$527K$291K20xas long as short
tradeXYZ xyz:EWYshort+0.0050%1h188.95−0.260%$6.1M$14.3M20x
Entropy io:EWY+0.0050%1h189.15−0.154%$65K$81K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h188.87−0.302%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.06−0.202%$737$4K10xas long as short
Paradex EWY-USD-PERP+0.0050%8h189.05−0.205%$235xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.14−0.159%$201K$304K10xas long as short
KuCoin EWYUSDTM+0.0100%8h189.05−0.207%$974K$612K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.51+0.036%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.05−0.207%$2K$1K20xas long as short
edgeX EWYUSDC+0.0291%4h189.43−0.007%$425K$284K20xas long as short