Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: HTX against Coinbase International+0.287%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.287% dearer against Coinbase International than usual: you sell high and buy low (spread +0.287% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EWY-PERP-INTX	187.91	0.0040	pay 0.0005% / 1h	7m 46s	$523K	$277K	20x
Short	HTX EWY-USDT	188.45	0	get 0.0000% / 8h	2h 07m	$22K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.287%Rate

Funding earned: −$8.4
Price spread: +0.287% → 0.000%: $28.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.66
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 40 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 40 min ago	3.97 bp	9.0 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EWYUSDT	−0.0151%	8h	188.58	+0.357%	$2.7M	$2.3M	20x	as long as short
BloFin EWY-USDT	−0.0012%	8h	188.39	+0.255%	$47K	$216K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	188.65	+0.392%	$292K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	188.44	+0.282%	$240K	$500K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	188.65	+0.394%	$27.4M	$81.2M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.62	+0.378%	$5.0M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.51	+0.319%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	188.54	+0.335%	$4.1M	$4.2M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	188.57	+0.351%	$8.9M	$4.2M	100x	as long as short
Variational Omni EWY	0.0000%	8h	188.31	+0.214%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	188.35	+0.233%	$744K	$426K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	188.36	+0.239%	—	$2.5M	20x	as long as short
HTX EWY-USDTshort	0.0000%	8h	188.45	+0.287%	$22K	$35K	20x
Phemex EWYUSDT	0.0000%	8h	188.42	+0.271%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.50	+0.314%	$382K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTXlong	+0.0040%	1h	187.91	long leg	$523K	$277K	20x
Vest EWY-USD-PERP	+0.0046%	1h	188.22	+0.165%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.47	+0.298%	$198K	$151K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.54	+0.335%	$6.3M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.30	+0.208%	$125K	$111K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.25	+0.181%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.42	+0.271%	$734	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.17	+0.138%	$216K	$318K	10x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	188.42	+0.272%	$23	—	5x	as long as short
Hotstuff EWY-PERP	+0.0064%	1h	188.28	+0.197%	$28K	$12K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.22	+0.165%	$970K	$599K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.37	+0.245%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.41	+0.266%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0175%	1h	188.38	+0.250%	$2K	$14K	20x	as long as short
edgeX EWYUSDC	+0.0835%	4h	188.30	+0.205%	$422K	$284K	20x	as long as short