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+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.024%
Price spread now: Deribit against Entropy+0.048%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 4 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 +$1 a day on $10k at the current rate, and Deribit is 0.048% dearer against Entropy than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:EWY186.310.0050pay 0.0006% / 1h2m 42s$141K$120K25x
ShortDeribit EWY_USDC-PERPETUAL186.400.0072get 0.0009% / 1h2m 42s$2K$14K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Entropy. 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
$4.61
Price spread: +0.048% → 0.000%
$4.83
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$15.56
Costs to cover
0.250%
Break-even
30.6 days
Slippage unknown: Entropy: live order book, 64 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 64 min ago9.07 bp24.2 bp −$24133.9 bp −$1,339doesn't fitdoesn't fit
Sell Deribit no order-book sample
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−4.4720%1h186.32+0.005%$28K$15K20xas long as short
Bitget EWYUSDT−0.0608%8h186.64+0.177%$3.1M$2.6M20xas long as short
Vest EWY-USD-PERP−0.0030%1h185.90−0.220%$220K25xas long as short
Aster EWYUSDT0.0000%8h186.48+0.090%$289K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.43+0.066%$237K$915K10xas long as short
Binance EWYUSDT0.0000%8h186.47+0.087%$27.0M$83.2M50xas long as short
Bybit EWYUSDT0.0000%8h186.49+0.097%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.47+0.086%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.53+0.118%$4.1M$4.5M50xas long as short
MEXC EWY_USDT0.0000%8h186.49+0.097%$7.9M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h186.48+0.091%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h186.51+0.108%$731K$421K10xas long as short
SunX EWY-USDT0.0000%8h186.310.000%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h186.61+0.161%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.50+0.102%$1.6M$37K10xas long as short
BloFin EWY-USDT+0.0006%8h186.47+0.086%$48K$217K50xas long as short
Lighter EWY+0.0032%1h186.25−0.032%$378K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.48+0.091%$198K$154K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.41+0.054%$6.4M$14.7M20xas long as short
Entropy io:EWYlong+0.0050%1h186.31long leg$141K$120K25x
Polymarket Perps EWY-USD+0.0050%1h186.30−0.005%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.46+0.081%$745$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.28−0.016%$233K$335K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.49+0.097%$517K$250K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.39+0.041%$225xas long as short
Deribit EWY_USDC-PERPETUALshort+0.0072%1h186.40+0.048%$2K$14K20x
KuCoin EWYUSDTM+0.0100%8h186.38+0.038%$960K$602K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.50+0.102%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.45+0.075%$2K$1K20xas long as short
edgeX EWYUSDC+0.0442%4h186.45+0.074%$418K$286K20xas long as short