Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Coinbase International against HTX−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.133% cheaper against HTX than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EWY-USDT	187.60	0	get 0.0000% / 8h	2h 24m	$22K	$35K	20x
Short	Coinbase International EWY-PERP-INTX	187.35	0.0040	get 0.0005% / 1h	24m 13s	$521K	$276K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.133%Rate

Funding earned: $8.4
Price spread: −0.133% → 0.000%: −$13.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.93
Costs to cover: 0.220%
Break-even: 29.4 days

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 24 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 24 min ago	3.97 bp	10.1 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit

HTX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWY-PERP	−0.0320%	1h	187.63	+0.016%	$28K	$12K	20x	as long as short
Bitget EWYUSDT	−0.0079%	8h	187.98	+0.203%	$2.7M	$2.3M	20x	as long as short
BloFin EWY-USDT	−0.0025%	8h	187.78	+0.096%	$48K	$215K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.81	+0.114%	$291K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.86	+0.141%	$230K	$491K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.93	+0.178%	$27.2M	$80.0M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.93	+0.176%	$4.9M	$4.6M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.88	+0.149%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.94	+0.181%	$4.1M	$4.1M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.98	+0.203%	$7.5M	$4.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	187.64	+0.023%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	187.89	+0.156%	$743K	$415K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.60	0.000%	—	$2.5M	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	187.60	long leg	$22K	$35K	20x
Phemex EWYUSDT	0.0000%	8h	187.93	+0.176%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	187.80	+0.107%	$381K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTXshort	+0.0040%	1h	187.35	−0.133%	$521K	$276K	20x
Vest EWY-USD-PERP	+0.0046%	1h	187.55	−0.027%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.84	+0.128%	$197K	$148K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.81	+0.112%	$6.3M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.58	−0.011%	$87K	$93K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.68	+0.043%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.79	+0.101%	$732	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.79	+0.101%	$214K	$316K	10x	as long as short
Paradex EWY-USD-PERP	+0.0054%	8h	187.71	+0.060%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.69	+0.048%	$967K	$603K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	187.57	−0.016%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.70	+0.053%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0448%	4h	187.35	−0.132%	$420K	$284K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0549%	1h	187.99	+0.208%	$2K	$14K	20x	as long as short