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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0476%/8h= −52.2% APRpaid last 24h −0.181%
Price spread now: Popdex against edgeX−0.022%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.306% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.645%−$64 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.022%, 7d avg +0.014%
Together, before fees−0.716%+ Points / potential airdropedgeX: Active · farm board−$72 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Popdex is 0.036% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC187.060.0524pay 0.0262% / 4h33m 34s$419K$285K20x
ShortPopdex EWYUSDT187.020.0048get 0.0006% / 1h33m 34s$197K$153K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$100.04
Price spread: −0.022% → +0.014%
−$3.59
Slippage, 4 orders
−$15.25
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$134.27
Costs to cover
0.306%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; Popdex: live order book, 5 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, 5 min ago5.08 bp9.8 bp −$1014.5 bp −$145doesn't fitdoesn't fit
Sell Popdex live order book, 5 min ago0.53 bp4.3 bp −$47.7 bp −$77doesn't fitdoesn't fit

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
Bitget EWYUSDT−0.0438%8h187.12+0.031%$2.8M$2.5M20xas long as short
BloFin EWY-USDT−0.0002%8h187.04−0.012%$48K$217K50xas long as short
Vest EWY-USD-PERP−0.0001%1h186.58−0.257%$220K25xas long as short
Aster EWYUSDT0.0000%8h187.06+0.001%$290K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.97−0.050%$238K$912K10xas long as short
Binance EWYUSDT0.0000%8h187.02−0.022%$27.2M$82.8M50xas long as short
Bybit EWYUSDT0.0000%8h187.02−0.022%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.93−0.070%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h187.05−0.006%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h186.99−0.038%$8.5M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.02−0.023%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.00−0.035%$739K$416K10xas long as short
SunX EWY-USDT0.0000%8h186.89−0.092%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h187.09+0.015%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.03−0.017%$1.7M$37K10xas long as short
Hotstuff EWY-PERP+0.0024%1h186.86−0.108%$28K$12K20xas long as short
Lighter EWY+0.0032%1h186.84−0.118%$379K$40K20xas long as short
Popdex EWYUSDTshort+0.0048%1h187.02−0.022%$197K$153K20x
tradeXYZ xyz:EWY+0.0050%1h186.86−0.108%$6.2M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h186.90−0.086%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.82−0.129%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.97−0.049%$752$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.87−0.102%$223K$332K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.92−0.076%$519K$246K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.99−0.040%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.89−0.092%$962K$603K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.86−0.108%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.99−0.038%$2K$1K20xas long as short
edgeX EWYUSDClong+0.0524%4h187.06long leg$419K$285K20x
Deribit EWY_USDC-PERPETUAL+0.0553%1h186.96−0.054%$2K$14K20xas long as short