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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.004%
Price spread now: OKX against ApeX Omni−0.011%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$890.888% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.104%−$10 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.011%, 7d avg +0.010%
Together, before fees−0.143%−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.021% cheaper against ApeX Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT186.500.0100pay 0.0013% / 1h3m 14s$13K$264K50x
ShortOKX EWY-USDT-SWAP186.480get 0.0000% / 8h3m 14s$4.1M$4.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$21
Price spread: −0.011% → +0.010%
−$2.08
Slippage, 4 orders
−$68.76
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$111.84
Costs to cover
0.888%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 34 min ago; OKX: live order book, 4 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, 34 min ago26.47 bp37.0 bp −$37211.8 bp −$2,118doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago0.27 bp8.0 bp −$811.3 bp −$113doesn'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−4.4720%1h186.32−0.097%$28K$15K20xas long as short
Bitget EWYUSDT−0.0608%8h186.57+0.038%$3.1M$2.6M20xas long as short
Vest EWY-USD-PERP−0.0030%1h185.90−0.322%$220K25xas long as short
Aster EWYUSDT0.0000%8h186.48−0.013%$289K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.41−0.050%$237K$915K10xas long as short
Binance EWYUSDT0.0000%8h186.45−0.025%$27.0M$83.2M50xas long as short
Bybit EWYUSDT0.0000%8h186.500.000%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAPshort0.0000%8h186.48−0.011%$4.1M$4.7M50x
Gate EWY_USDT0.0000%8h186.53+0.016%$4.1M$4.5M50xas long as short
MEXC EWY_USDT0.0000%8h186.46−0.021%$7.9M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h186.48−0.011%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h186.51+0.006%$731K$421K10xas long as short
SunX EWY-USDT0.0000%8h186.31−0.102%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h186.61+0.059%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.500.000%$1.6M$37K10xas long as short
BloFin EWY-USDT+0.0006%8h186.47−0.016%$48K$217K50xas long as short
Lighter EWY+0.0032%1h186.31−0.102%$378K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.48−0.011%$198K$154K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.32−0.097%$6.4M$14.7M20xas long as short
Entropy io:EWY+0.0050%1h186.31−0.102%$141K$120K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.30−0.107%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.46−0.021%$745$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.28−0.118%$233K$335K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.49−0.005%$517K$250K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.42−0.042%$225xas long as short
Deribit EWY_USDC-PERPETUAL+0.0072%1h186.40−0.054%$2K$14K20xas long as short
KuCoin EWYUSDTM+0.0100%8h186.37−0.070%$960K$603K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h186.50long leg$13K$264K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.45−0.027%$2K$1K20xas long as short
edgeX EWYUSDC+0.0442%4h186.45−0.028%$418K$286K20xas long as short