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−0.0052%/8h= −5.7% APRnext payment $0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Popdex against ApeX Omni+0.079%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$890.892% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.051%−$5 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.079%, 7d avg +0.020%
Together, before fees−0.087%−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 0.058% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.020%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT190.510.0100pay 0.0013% / 1h10m 42s$13K$265K50x
ShortPopdex EWYUSDT190.660.0048get 0.0006% / 1h10m 42s$198K$146K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$10.92
Price spread: +0.079% → +0.020%
$5.83
Slippage, 4 orders
−$72.82
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$94.3
Costs to cover
0.892%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 46 min ago; Popdex: live order book, 48 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, 46 min ago28.33 bp39.3 bp −$39210.4 bp −$2,104doesn't fitdoesn't fit
Sell Popdex live order book, 48 min ago0.52 bp4.9 bp −$510.7 bp −$107doesn'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−0.0152%1h190.58+0.037%$29K$12K20xas long as short
Bybit EWYUSDT0.0000%8h190.74+0.121%$5.1M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.71+0.105%$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%8h190.62+0.058%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.61+0.052%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.68+0.089%$1.7M$37K10xas long as short
OKX EWY-USDT-SWAP+0.0018%8h190.73+0.115%$4.1M$3.3M50xas long as short
Aster EWYUSDT+0.0019%8h190.64+0.070%$296K$12K20xas long as short
Lighter EWY+0.0032%1h190.54+0.016%$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$297K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.82+0.163%$220K25xas long as short
Popdex EWYUSDTshort+0.0048%1h190.66+0.079%$198K$146K20x
Bitget EWYUSDT+0.0049%8h190.70+0.100%$2.7M$2.0M20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.61+0.052%$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%$755$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+0.0054%8h190.62+0.058%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0095%8h190.69+0.097%$28.1M$76.5M50xas long as short
BloFin EWY-USDT+0.0096%8h190.65+0.073%$48K$214K50xas long as short
Extended EWY_24_5-USD+0.0096%1h190.62+0.057%$301K$669K10xas long as short
MEXC EWY_USDT+0.0097%8h190.69+0.094%$6.5M$3.9M100xas long as short
KuCoin EWYUSDTM+0.0100%8h190.60+0.047%$982K$618K20xas 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
Deribit EWY_USDC-PERPETUAL+0.0117%1h190.63+0.063%$2K$13K20xas long as short
edgeX EWYUSDC+0.0353%4h190.51+0.002%$427K$285K20xas long as short