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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%
Price spread now: SunX against Entropy−0.158%7-day average · you buy dearer than you sell
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 feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.158% cheaper against Entropy than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:EWY189.550.0050pay 0.0006% / 1h12m 30s$51K$57K25x
ShortSunX EWY-USDT189.250get 0.0000% / 8h12m 30s$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$10.5
Price spread: −0.158% → 0.000%
−$15.83
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee SunX: 4 bp × 2 orders
−$8
Net
−$52.33
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Entropy: no order-book sample; SunX: live order book, 5 min ago. 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 SunX live order book, 5 min ago500.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Entropy: 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%8h189.63+0.042%$3.8M$3.2M50xas long as short
SunX EWY-USDTshort0.0000%8h189.25−0.158%$2.7M20x
Phemex EWYUSDT0.0000%8h189.58+0.016%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.46−0.047%$377K$62K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.63+0.042%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.59+0.021%$195K$138K20xas long as short
Entropy io:EWYlong+0.0050%1h189.55long leg$51K$57K25x
Polymarket Perps EWY-USD+0.0050%1h189.36−0.100%$4K$8120xas long as short
SoDEX EWY-USD+0.0050%1h189.50−0.026%$771$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.40−0.079%$243K$201K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWYUSDTM+0.0100%8h189.59+0.021%$966K$687K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.79+0.127%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.51−0.021%$2K$1K20xas long as short
Paradex EWY-USD-PERP+0.0135%8h189.68+0.069%$235xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.41−0.074%$527K$340K20xas long as short
tradeXYZ xyz:EWY+0.0146%1h189.550.000%$6.6M$14.8M20xas long as short
Bybit EWYUSDT+0.0174%8h189.65+0.053%$5.3M$4.1M100xas long as short
HTX EWY-USDT+0.0224%8h189.99+0.232%$36K$8K20xas long as short
Bitget EWYUSDT+0.0225%8h189.66+0.058%$2.6M$1.5M20xas long as short
OKX EWY-USDT-SWAP+0.0328%8h189.67+0.063%$4.0M$4.0M50xas long as short
Hotstuff EWY-PERP+0.0344%1h189.44−0.058%$28K$12K20xas long as short
Aster EWYUSDT+0.0567%8h189.51−0.022%$294K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0595%1h189.53−0.011%$2K$13K20xas long as short
Variational Omni EWY+0.0661%8h189.82+0.141%$1.5M$972Kas long as short
GRVT EWY_USDT_Perp+0.0661%8h189.90+0.186%$751K$395K10xas long as short
BloFin EWY-USDT+0.0668%8h189.49−0.032%$47K$213K50xas long as short
MEXC EWY_USDT+0.0695%8h189.59+0.021%$7.5M$4.5M100xas long as short
Extended EWY_24_5-USD+0.0696%1h189.52−0.014%$298K$396K10xas long as short
Binance EWYUSDT+0.0697%8h189.58+0.016%$28.5M$78.7M50xas long as short
edgeX EWYUSDC+0.0775%4h189.81+0.135%$425K$276K20xas long as short