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+0.0051%/8h= +5.6% APRpaid last 24h −0.050%
Price spread now: Popdex against BloFin+0.064%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$250.248% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.064%, 7d avg −0.003%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Popdex is 0.067% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EWY-USDT188.87−0.0003get 0.0003% / 8h3h 04m$48K$215K50x
ShortPopdex EWYUSDT188.990.0048get 0.0006% / 1h4m 20s$197K$147K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against BloFin. 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
$10.76
Price spread: +0.064% → −0.003%
$6.67
Slippage, 4 orders
−$6.41
Fee BloFin: 6 bp × 2 orders
−$12
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$7.38
Costs to cover
0.248%
Break-even
11.8 days
Slippage from BloFin: live order book, 16 min ago; Popdex: live order book, 49 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 BloFin live order book, 16 min ago0.26 bp6.9 bp −$78.9 bp −$8916.7 bp −$1,668doesn't fit
Sell Popdex live order book, 49 min ago0.79 bp5.1 bp −$59.0 bp −$90doesn'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−0.0068%1h188.69−0.095%$2K$14K20xas long as short
BloFin EWY-USDTlong−0.0003%8h188.87long leg$48K$215K50x
Aster EWYUSDT0.0000%8h189.11+0.126%$293K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h188.92+0.027%$300K$422K10xas long as short
Binance EWYUSDT0.0000%8h189.09+0.117%$27.6M$77.7M50xas long as short
Bybit EWYUSDT0.0000%8h189.05+0.095%$5.1M$4.4M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h188.96+0.048%$4.2M$4.0M50xas long as short
Gate EWY_USDT0.0000%8h188.96+0.048%$4.1M$3.9M50xas long as short
MEXC EWY_USDT0.0000%8h189.03+0.085%$6.2M$3.8M100xas long as short
Bitget EWYUSDT0.0000%8h189.07+0.106%$2.7M$2.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h188.85−0.010%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h188.70−0.090%$746K$406K10xas long as short
SunX EWY-USDT0.0000%8h188.79−0.042%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h188.91+0.021%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h188.83−0.021%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h188.80−0.037%$383K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h188.89+0.011%$220K25xas long as short
Popdex EWYUSDTshort+0.0048%1h188.99+0.064%$197K$147K20x
Coinbase International EWY-PERP-INTX+0.0048%1h188.40−0.249%$524K$290K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h188.93+0.032%$6.2M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h188.79−0.042%$65K$81K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h188.84−0.016%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h188.77−0.053%$732$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h188.63−0.127%$202K$304K10xas long as short
Paradex EWY-USD-PERP+0.0051%8h188.95+0.040%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h188.77−0.053%$973K$613K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h188.81−0.032%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.05+0.095%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0624%1h188.76−0.058%$28K$12K20xas long as short
edgeX EWYUSDC+0.0734%4h188.57−0.161%$423K$284K20xas long as short