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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Gate−0.105%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$380.376% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.105%, 7d avg −0.074%
Together, before fees+0.114%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.031% cheaper against Gate than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.074%). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EWY_USDT190.410get 0.0000% / 8h6h 57m$4.0M$3.5M50x
ShortLighter EWY190.210.0032get 0.0004% / 1h57m 40s$386K$34K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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
$6.72
Price spread: −0.105% → −0.074%
−$3.07
Slippage, 4 orders
−$22.58
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
−$33.93
Costs to cover
0.376%
Break-even
42.3 days
Slippage from Gate: live order book, 6 min ago; Lighter: live order book, 2 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 Gate live order book, 6 min ago3.15 bp14.1 bp −$1427.3 bp −$27349.0 bp −$4,89885.5 bp −$42.7K
Sell Lighter live order book, 2 min ago3.15 bp3.2 bp −$39.7 bp −$9742.8 bp −$4,281doesn'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
Bybit EWYUSDT0.0000%8h190.43+0.011%$5.2M$4.3M100xas long as short
Gate EWY_USDTlong0.0000%8h190.41long leg$4.0M$3.5M50x
SunX EWY-USDT0.0000%8h190.46+0.026%$2.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.36−0.026%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.53+0.063%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h190.39−0.011%$1.7M$37K10xas long as short
Lighter EWYshort+0.0032%1h190.21−0.105%$386K$34K20x
Vest EWY-USD-PERP+0.0046%1h190.75+0.179%$220K25xas long as short
GRVT EWY_USDT_Perp+0.0047%8h190.56+0.078%$753K$380K10xas long as short
Popdex EWYUSDT+0.0048%1h190.52+0.058%$196K$142K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International EWY-PERP-INTX+0.0048%1h190.43+0.011%$531K$340K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.37−0.021%$6.2M$14.5M20xas long as short
Entropy io:EWY+0.0050%1h190.410.000%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.34−0.037%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.42+0.005%$542$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.51+0.053%$229K$235K10xas long as short
Paradex EWY-USD-PERP+0.0067%8h190.38−0.017%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.43+0.011%$981K$644K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.45+0.021%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.52+0.058%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0160%1h190.47+0.032%$29K$12K20xas long as short
OKX EWY-USDT-SWAP+0.0263%8h190.42+0.005%$4.2M$3.5M50xas long as short
Bitget EWYUSDT+0.0443%8h190.46+0.026%$2.8M$1.7M20xas long as short
Aster EWYUSDT+0.0465%8h190.53+0.061%$295K$12K20xas long as short
Variational Omni EWY+0.0566%8h190.51+0.053%$1.2M$1.1Mas long as short
BloFin EWY-USDT+0.0568%8h190.60+0.100%$2K$214K50xas long as short
Binance EWYUSDT+0.0586%8h190.41+0.001%$28.5M$77.3M50xas long as short
MEXC EWY_USDT+0.0588%8h190.44+0.016%$7.0M$4.1M100xas long as short
Extended EWY_24_5-USD+0.0592%1h190.33−0.041%$304K$670K10xas long as short
edgeX EWYUSDC+0.0962%4h190.56+0.081%$427K$283K20xas long as short