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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0812%/8h= −88.9% APRpaid last 24h −0.158%
Price spread now: OKX against edgeX+0.030%71s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$350.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.941%−$94 on $10k
Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.030%, 7d avg +0.003%
Together, before fees−1.060%+ Points / potential airdropedgeX: Active · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.027% dearer against edgeX than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of +0.003%): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC190.240.0950pay 0.0475% / 4h1h 50m$426K$283K20x
ShortOKX EWY-USDT-SWAP190.300.0138get 0.0138% / 8h5h 50m$4.1M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against edgeX. 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
−$170.52
Price spread: +0.030% → +0.003%
$2.69
Slippage, 4 orders
−$16.46
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$203.3
Costs to cover
0.355%
Break-even
never at this rate
Slippage from edgeX: live order book, 13 min ago; OKX: live order book, 2 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 edgeX live order book, 13 min ago5.26 bp10.0 bp −$1015.0 bp −$150doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.26 bp7.0 bp −$710.2 bp −$102doesn't fitdoesn't fit

EWY on 29 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 EWYUSDT0.0000%8h190.34+0.051%$5.1M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.30+0.030%$4.0M$3.7M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.28+0.022%$752K$389K10xas long as short
SunX EWY-USDT0.0000%8h190.25+0.004%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.28+0.020%$2K$13K20xas long as short
Coinbase International EWY-PERP-INTX0.0000%1h189.56−0.359%$529K$318K20xas long as short
HTX EWY-USDT0.0000%8h190.47+0.120%$22K$36K20xas long as short
Phemex EWYUSDT0.0000%8h190.24−0.001%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h190.25+0.004%$386K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.52+0.146%$220K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.32+0.041%$198K$146K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.25+0.004%$6.1M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h190.25+0.004%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.14−0.054%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.27+0.015%$741$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.31+0.036%$198K$275K10xas long as short
Paradex EWY-USD-PERP+0.0059%8h190.44+0.105%$235xas long as short
Bitget EWYUSDT+0.0090%8h190.30+0.030%$2.7M$2.0M20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.26+0.009%$980K$627K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.29+0.025%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.30+0.030%$2K$1K20xas long as short
OKX EWY-USDT-SWAPshort+0.0138%8h190.30+0.030%$4.1M$3.5M50x
Aster EWYUSDT+0.0269%8h190.39+0.078%$295K$12K20xas long as short
Hotstuff EWY-PERP+0.0272%1h190.35+0.057%$29K$12K20xas long as short
Variational Omni EWY+0.0325%8h190.41+0.087%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0350%8h190.37+0.066%$28.4M$77.0M50xas long as short
MEXC EWY_USDT+0.0351%8h190.32+0.041%$6.4M$4.2M100xas long as short
Extended EWY_24_5-USD+0.0352%1h190.31+0.034%$302K$665K10xas long as short
edgeX EWYUSDClong+0.0950%4h190.24long leg$426K$283K20x