Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.012%

Price spread now: Lighter against HTX−0.170%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.170% cheaper against HTX than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 18 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	187.97	0	get 0.0000% / 8h	1h 39m	$22K	$35K	20x
Short	Lighter EWY	187.65	0.0032	get 0.0004% / 1h	39m 44s	$380K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.170%Rate

Funding earned: $6.72
Price spread: −0.170% → 0.000%: −$17.02
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.3
Costs to cover: 0.120%
Break-even: 30.2 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 60 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 Lighter live order book, 60 min ago	3.19 bp	6.4 bp −$6	15.3 bp −$153	48.5 bp −$4,851	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
Bitget EWYUSDT	−0.0158%	8h	187.77	−0.106%	$2.7M	$2.3M	20x	as long as short
Hotstuff EWY-PERP	−0.0016%	1h	187.77	−0.106%	$28K	$12K	20x	as long as short
BloFin EWY-USDT	−0.0011%	8h	187.87	−0.053%	$48K	$216K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.61	−0.193%	$291K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.53	−0.232%	$239K	$498K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.60	−0.196%	$27.2M	$81.9M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.69	−0.149%	$4.9M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.59	−0.202%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.83	−0.074%	$4.0M	$4.3M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.68	−0.154%	$8.6M	$4.5M	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	187.81	−0.084%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	188.00	+0.018%	$744K	$425K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.81	−0.085%	—	$2.5M	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	187.97	long leg	$22K	$35K	20x
Phemex EWYUSDT	0.0000%	8h	187.82	−0.080%	$1.7M	$36K	10x	as long as short
Lighter EWYshort	+0.0032%	1h	187.65	−0.170%	$380K	$40K	20x
Vest EWY-USD-PERP	+0.0045%	1h	187.58	−0.207%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.91	−0.032%	$197K	$151K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	187.84	−0.069%	$522K	$273K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.59	−0.202%	$6.4M	$14.2M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.74	−0.122%	$143K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.68	−0.154%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.79	−0.096%	$751	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.69	−0.149%	$224K	$317K	10x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	187.60	−0.199%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.66	−0.165%	$966K	$595K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	187.50	−0.250%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.82	−0.080%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0123%	1h	187.79	−0.096%	$2K	$14K	20x	as long as short
edgeX EWYUSDC	+0.0599%	4h	187.98	+0.005%	$421K	$286K	20x	as long as short