Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h +0.100%

Price spread now: edgeX against Deribit−0.176%75s7-day average — · you buy dearer than you sell

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

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.176% cheaper against Deribit than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 28 hours of funding at the current rate (+$15 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EWY_USDC-PERPETUAL	191.03	0.0117	pay 0.0015% / 1h	22m 02s	$2K	$13K	20x
Short	edgeX EWYUSDC	190.69	0.0618	get 0.0309% / 4h	3h 22m	$427K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.176%Rate

Funding earned: $105.25
Price spread: −0.176% → 0.000%: −$17.61
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $71.64
Costs to cover: 0.160%
Break-even: 2.2 days

Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 51 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell edgeX live order book, 51 min ago	5.54 bp	10.5 bp −$10	14.2 bp −$142	doesn't fit	doesn't fit

Deribit: 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
Bybit EWYUSDT	0.0000%	8h	191.02	−0.005%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	191.03	0.000%	$4.1M	$3.4M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.76	−0.140%	$755K	$375K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.77	−0.136%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.80	−0.120%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	191.06	+0.016%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.82	−0.110%	$387K	$63K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	191.05	+0.010%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.84	−0.099%	$196K	$143K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.90	−0.068%	$6.3M	$14.7M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:EWY	+0.0050%	1h	190.53	−0.262%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.77	−0.136%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.82	−0.110%	$456	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.64	−0.204%	$230K	$233K	10x	as long as short
Paradex EWY-USD-PERP	+0.0080%	8h	190.81	−0.114%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.80	−0.120%	$983K	$664K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.62	−0.215%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	191.06	+0.016%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUALlong	+0.0117%	1h	191.03	long leg	$2K	$13K	20x
Coinbase International EWY-PERP-INTX	+0.0144%	1h	190.67	−0.188%	$532K	$340K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0291%	8h	191.09	+0.031%	$4.2M	$3.5M	50x	as long as short
Hotstuff EWY-PERP	+0.0360%	1h	190.72	−0.162%	$29K	$12K	20x	as long as short
Bitget EWYUSDT	+0.0386%	8h	191.03	0.000%	$2.8M	$1.6M	20x	as long as short
Aster EWYUSDT	+0.0499%	8h	191.01	−0.009%	$296K	$12K	20x	as long as short
BloFin EWY-USDT	+0.0589%	8h	190.63	−0.209%	$47K	$214K	50x	as long as short
Variational Omni EWY	+0.0592%	8h	190.74	−0.150%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0616%	1h	190.98	−0.028%	$304K	$717K	10x	as long as short
Binance EWYUSDT	+0.0617%	8h	191.03	0.000%	$28.7M	$78.2M	50x	as long as short
edgeX EWYUSDCshort	+0.0618%	4h	190.69	−0.176%	$427K	$282K	20x
MEXC EWY_USDT	+0.0618%	8h	191.04	+0.005%	$7.4M	$4.5M	100x	as long as short