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+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h −0.028%
Price spread now: Popdex against Deribit+0.058%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.058% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit EWY_USDC-PERPETUAL189.62−0.0066get 0.0008% / 1h34m 31s$2K$13K20x
ShortPopdex EWYUSDT189.730.0048get 0.0006% / 1h34m 31s$197K$146K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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

Funding earned
$24.01
Price spread: +0.058% → 0.000%
$5.8
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$16.41
Costs to cover
0.134%
Break-even
2.2 days
Slippage unknown: Deribit: no order-book sample; Popdex: live order book, 34 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Popdex live order book, 34 min ago0.52 bp5.9 bp −$615.1 bp −$151doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−0.0128%1h189.71+0.047%$28K$12K20xas long as short
Deribit EWY_USDC-PERPETUALlong−0.0066%1h189.62long leg$2K$13K20x
Bybit EWYUSDT0.0000%8h189.77+0.079%$5.1M$4.4M100xas long as short
Gate EWY_USDT0.0000%8h189.75+0.069%$4.0M$3.6M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.60−0.012%$749K$385K10xas long as short
SunX EWY-USDT0.0000%8h189.69+0.037%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h189.65+0.016%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h189.70+0.042%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.59−0.016%$384K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.88+0.137%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDTshort+0.0048%1h189.73+0.058%$197K$146K20x
Coinbase International EWY-PERP-INTX+0.0048%1h190.28+0.348%$531K$336K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.71+0.047%$6.3M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h189.68+0.032%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.56−0.032%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.67+0.026%$635$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.48−0.074%$212K$250K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h189.72+0.054%$235xas long as short
edgeX EWYUSDC+0.0083%4h189.50−0.062%$425K$282K20xas long as short
KuCoin EWYUSDTM+0.0100%8h189.60−0.011%$977K$634K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.59−0.016%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.72+0.053%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0208%8h189.79+0.090%$4.1M$3.5M50xas long as short
Bitget EWYUSDT+0.0232%8h189.74+0.063%$2.8M$1.9M20xas long as short
Aster EWYUSDT+0.0389%8h189.78+0.082%$294K$12K20xas long as short
Variational Omni EWY+0.0472%8h189.67+0.024%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0491%8h189.73+0.059%$28.3M$77.5M50xas long as short
MEXC EWY_USDT+0.0495%8h189.74+0.063%$7.0M$4.2M100xas long as short
Extended EWY_24_5-USD+0.0496%1h189.68+0.032%$302K$670K10xas long as short
BloFin EWY-USDT+0.0565%8h190.43+0.427%$2K$214K50xas long as short