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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.035%
Price spread now: BloFin against ApeX Omni+0.094%103s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$920.918% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.094%, 7d avg +0.025%
Together, before fees−0.096%−$10 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 BloFin is 0.070% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT190.510.0100pay 0.0013% / 1h11m 35s$13K$265K50x
ShortBloFin EWY-USDT190.690.0120get 0.0120% / 8h4h 11m$48K$214K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against ApeX 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
$4.17
Price spread: +0.094% → +0.025%
$6.99
Slippage, 4 orders
−$69.77
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$80.62
Costs to cover
0.918%
Break-even
142.4 days
Slippage from ApeX Omni: live order book, 45 min ago; BloFin: live order book, 19 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 ApeX Omni live order book, 45 min ago28.33 bp39.3 bp −$39210.4 bp −$2,104doesn't fitdoesn't fit
Sell BloFin live order book, 19 min ago0.26 bp6.3 bp −$68.4 bp −$8413.2 bp −$1,315doesn'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−0.0152%1h190.58+0.037%$29K$12K20xas long as short
Bybit EWYUSDT0.0000%8h190.73+0.115%$5.1M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.67+0.084%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.57+0.032%$753K$395K10xas long as short
SunX EWY-USDT0.0000%8h190.55+0.021%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.61+0.052%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.67+0.084%$1.7M$37K10xas long as short
OKX EWY-USDT-SWAP+0.0018%8h190.67+0.084%$4.1M$3.3M50xas long as short
Aster EWYUSDT+0.0022%8h190.65+0.073%$296K$12K20xas long as short
Lighter EWY+0.0032%1h190.53+0.010%$386K$39K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International EWY-PERP-INTX+0.0040%1h190.58+0.037%$532K$299K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.82+0.163%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.66+0.079%$198K$146K20xas long as short
Bitget EWYUSDT+0.0049%8h190.68+0.089%$2.7M$2.0M20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.59+0.042%$6.2M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h190.56+0.026%$30K$66K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.47−0.021%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.66+0.079%$752$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.52+0.005%$201K$266K10xas long as short
Paradex EWY-USD-PERP+0.0053%8h190.66+0.081%$235xas long as short
Variational Omni EWY+0.0064%8h190.50−0.004%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0096%1h190.61+0.050%$301K$669K10xas long as short
Binance EWYUSDT+0.0097%8h190.66+0.079%$28.1M$76.5M50xas long as short
MEXC EWY_USDT+0.0097%8h190.65+0.073%$6.5M$3.9M100xas long as short
KuCoin EWYUSDTM+0.0100%8h190.61+0.052%$983K$621K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h190.51long leg$13K$265K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.65+0.073%$2K$1K20xas long as short
BloFin EWY-USDTshort+0.0120%8h190.69+0.094%$48K$214K50x
Deribit EWY_USDC-PERPETUAL+0.0170%1h190.64+0.068%$2K$13K20xas long as short
edgeX EWYUSDC+0.0353%4h190.51+0.002%$427K$285K20xas long as short