Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.121%

Price spread now: Paradex against edgeX+0.086%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.086% dearer against edgeX than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWYUSDC	189.50	0.0083	pay 0.0041% / 4h	2h 37m	$425K	$282K	20x
Short	Paradex EWY-USD-PERP	189.67	0.0061	get 0.0061% / 8h	6h 37m	$23	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee edgeXbpFee ParadexbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$4.61
Price spread: +0.086% → 0.000%: $8.64
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 31 min ago; Paradex: 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 edgeX live order book, 31 min ago	5.25 bp	10.2 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Deribit EWY_USDC-PERPETUAL	−0.0225%	1h	189.50	−0.001%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.62	+0.062%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.58	+0.041%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.60	+0.050%	$749K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.66	+0.083%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.65	+0.078%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.59	+0.046%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.45	−0.028%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.78	+0.147%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.63	+0.067%	$197K	$146K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	+0.410%	$531K	$336K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.56	+0.030%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.69	+0.099%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.44	−0.033%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.55	+0.025%	$626	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.41	−0.049%	$229K	$242K	10x	as long as short
Paradex EWY-USD-PERPshort	+0.0061%	8h	189.67	+0.086%	$23	—	5x
edgeX EWYUSDClong	+0.0083%	4h	189.50	long leg	$425K	$282K	20x
KuCoin EWYUSDTM	+0.0100%	8h	189.64	+0.073%	$976K	$634K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.57	+0.036%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.65	+0.078%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0192%	1h	189.62	+0.062%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0216%	8h	189.63	+0.067%	$4.1M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0271%	8h	189.58	+0.041%	$2.7M	$1.9M	20x	as long as short
Aster EWYUSDT	+0.0402%	8h	189.71	+0.107%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0499%	8h	189.70	+0.102%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0504%	1h	189.54	+0.022%	$302K	$670K	10x	as long as short
Binance EWYUSDT	+0.0506%	8h	189.57	+0.037%	$28.3M	$77.6M	50x	as long as short
MEXC EWY_USDT	+0.0510%	8h	189.58	+0.041%	$7.0M	$4.2M	100x	as long as short
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.490%	$2K	$214K	50x	as long as short