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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against ApeX Omni+0.032%67s7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4604.603% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.032%, 7d avg −0.031%
Together, before fees−0.114%−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.063% dearer against ApeX Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT189.610.0100pay 0.0013% / 1h14m 32s$13K$263K50x
ShortKuCoin EWYUSDTM189.670.0100get 0.0100% / 8h6h 14m$976K$630K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: +0.032% → −0.031%
$6.31
Slippage, 4 orders
−$438.33
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$454.02
Costs to cover
4.603%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 52 min ago; KuCoin: live order book, 45 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, 52 min ago28.60 bp40.3 bp −$40194.9 bp −$1,949doesn't fitdoesn't fit
Sell KuCoin live order book, 45 min ago9.98 bp202.3 bp −$202doesn't fitdoesn't fitdoesn't fit

EWY on 29 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
Bybit EWYUSDT0.0000%8h189.87+0.137%$5.1M$4.4M100xas long as short
Gate EWY_USDT0.0000%8h189.83+0.116%$4.0M$3.6M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.59−0.009%$749K$389K10xas long as short
SunX EWY-USDT0.0000%8h189.78+0.090%$2.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h189.75+0.074%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h189.78+0.090%$22K$36K20xas long as short
Phemex EWYUSDT0.0000%8h189.80+0.100%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.71+0.053%$384K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.96+0.185%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.84+0.121%$197K$146K20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International EWY-PERP-INTX+0.0048%1h189.56−0.026%$529K$330K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.79+0.095%$6.2M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h189.71+0.053%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.70+0.047%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.81+0.105%$714$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.71+0.053%$198K$272K10xas long as short
Hotstuff EWY-PERP+0.0056%1h189.76+0.079%$28K$12K20xas long as short
Paradex EWY-USD-PERP+0.0056%8h189.82+0.112%$235xas long as short
Bitget EWYUSDT+0.0098%8h189.86+0.132%$2.8M$1.9M20xas long as short
KuCoin EWYUSDTMshort+0.0100%8h189.67+0.032%$976K$630K20x
ApeX Omni EWYUSDTlong+0.0100%1h189.61long leg$13K$263K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.84+0.121%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0179%8h189.92+0.163%$4.1M$3.5M50xas long as short
Aster EWYUSDT+0.0328%8h189.85+0.129%$294K$12K20xas long as short
Variational Omni EWY+0.0399%8h189.76+0.079%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0421%8h189.85+0.127%$28.3M$77.5M50xas long as short
MEXC EWY_USDT+0.0422%8h189.84+0.121%$7.0M$4.2M100xas long as short
Extended EWY_24_5-USD+0.0424%1h189.81+0.107%$302K$665K10xas long as short
edgeX EWYUSDC+0.0859%4h189.61+0.002%$425K$283K20xas long as short