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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.002%
Price spread now: Popdex against Bybit0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.303% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.023%−$2 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now 0.000%, 7d avg −0.011%
Together, before fees−0.064%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EWYUSDT190.420get 0.0000% / 8h6h 57m$5.2M$4.3M100x
ShortPopdex EWYUSDT190.420.0048get 0.0006% / 1h57m 19s$196K$141K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Bybit. 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
$10.08
Price spread: 0.000% → −0.011%
$1.1
Slippage, 4 orders
−$12.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$19.1
Costs to cover
0.303%
Break-even
20.3 days
Slippage from Bybit: live order book, just now; Popdex: live order book, 11 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 Bybit live order book, just now0.52 bp7.9 bp −$89.8 bp −$98doesn't fitdoesn't fit
Sell Popdex live order book, 11 min ago0.52 bp5.9 bp −$615.1 bp −$151doesn'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
Bybit EWYUSDTlong0.0000%8h190.42long leg$5.2M$4.3M100x
Gate EWY_USDT0.0000%8h190.420.000%$4.0M$3.5M50xas long as short
SunX EWY-USDT0.0000%8h190.37−0.026%$2.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.33−0.047%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.53+0.058%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h190.34−0.042%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.21−0.110%$386K$34K20xas long as short
GRVT EWY_USDT_Perp+0.0038%8h190.62+0.107%$754K$380K10xas long as short
Vest EWY-USD-PERP+0.0046%1h190.65+0.121%$220K25xas long as short
Popdex EWYUSDTshort+0.0048%1h190.420.000%$196K$141K20x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International EWY-PERP-INTX+0.0048%1h190.43+0.005%$531K$340K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.34−0.042%$6.2M$14.5M20xas long as short
Entropy io:EWY+0.0050%1h190.41−0.005%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.25−0.089%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.32−0.053%$547$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.51+0.047%$229K$235K10xas long as short
Paradex EWY-USD-PERP+0.0067%8h190.38−0.022%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.420.000%$981K$644K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.48+0.032%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.41−0.005%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0160%1h190.39−0.016%$29K$12K20xas long as short
OKX EWY-USDT-SWAP+0.0260%8h190.37−0.026%$4.2M$3.5M50xas long as short
edgeX EWYUSDC+0.0429%4h190.54+0.062%$427K$281K20xas long as short
Bitget EWYUSDT+0.0443%8h190.39−0.016%$2.8M$1.7M20xas long as short
Aster EWYUSDT+0.0465%8h190.51+0.047%$295K$12K20xas long as short
Variational Omni EWY+0.0566%8h190.51+0.048%$1.2M$1.1Mas long as short
BloFin EWY-USDT+0.0568%8h190.60+0.095%$2K$214K50xas long as short
Extended EWY_24_5-USD+0.0584%1h190.32−0.052%$304K$670K10xas long as short
Binance EWYUSDT+0.0586%8h190.38−0.023%$28.5M$77.3M50xas long as short
MEXC EWY_USDT+0.0588%8h190.38−0.021%$7.0M$4.1M100xas long as short