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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.001%
Price spread now: Paradex against Entropy+0.121%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 fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.121% dearer against Entropy than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:EWY190.020.0050pay 0.0006% / 1h45m 54s$52K$58K25x
ShortParadex EWY-USD-PERP190.250.0102get 0.0102% / 8h7h 45m$235x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$10.93
Price spread: +0.121% → 0.000%
$12.11
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Paradex: 2 bp × 2 orders
−$4
Net
$1.04
Costs to cover
0.220%
Break-even
6.3 days
Slippage unknown: Entropy: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Entropy no order-book sample
Sell Paradex no order-book sample
Entropy and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EWY_USDT0.0000%8h190.10+0.042%$4.1M$3.3M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.29+0.143%$753K$386K10xas long as short
SunX EWY-USDT0.0000%8h190.11+0.047%$2.7M20xas long as short
HTX EWY-USDT0.0000%8h190.24+0.116%$26K$29K20xas long as short
Phemex EWYUSDT0.0000%8h190.06+0.021%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.97−0.026%$379K$54K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.32+0.158%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.18+0.084%$196K$142K20xas long as short
Entropy io:EWYlong+0.0050%1h190.02long leg$52K$58K25x
Polymarket Perps EWY-USD+0.0050%1h190.01−0.005%$4K$12620xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX EWY-USD+0.0050%1h190.06+0.021%$788$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.18+0.084%$242K$213K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0066%1h190.08+0.032%$2K$13K20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.00−0.011%$979K$677K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.13+0.058%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.14+0.063%$2K$1K20xas long as short
Paradex EWY-USD-PERPshort+0.0102%8h190.25+0.121%$235x
Bybit EWYUSDT+0.0131%8h190.15+0.068%$5.3M$4.2M100xas long as short
tradeXYZ xyz:EWY+0.0138%1h190.020.000%$6.4M$14.9M20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.78−0.126%$530K$337K20xas long as short
Bitget EWYUSDT+0.0288%8h190.05+0.016%$2.7M$1.6M20xas long as short
OKX EWY-USDT-SWAP+0.0336%8h190.09+0.037%$4.1M$3.6M50xas long as short
Aster EWYUSDT+0.0551%8h190.16+0.076%$295K$12K20xas long as short
Variational Omni EWY+0.0650%8h190.13+0.056%$1.2M$1.3Mas long as short
BloFin EWY-USDT+0.0653%8h190.28+0.137%$47K$214K50xas long as short
Hotstuff EWY-PERP+0.0664%1h190.21+0.100%$29K$12K20xas long as short
edgeX EWYUSDC+0.0673%4h190.12+0.054%$426K$283K20xas long as short
Extended EWY_24_5-USD+0.0680%1h190.05+0.018%$299K$501K10xas long as short
MEXC EWY_USDT+0.0680%8h190.06+0.021%$7.6M$4.5M100xas long as short
Binance EWYUSDT+0.0681%8h190.08+0.031%$28.6M$78.6M50xas long as short