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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.042%
Price spread now: Extended against Lighter+0.092%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$160.158% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.092%, 7d avg +0.040%
Together, before fees+0.019%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.052% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EWY187.690.0032pay 0.0004% / 1h14m 57s$381K$44K20x
ShortExtended EWY_24_5-USD187.860.0080get 0.0010% / 1h14m 57s$234K$909K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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
$10.08
Price spread: +0.092% → +0.040%
$5.18
Slippage, 4 orders
−$10.78
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$0.53
Costs to cover
0.158%
Break-even
7.4 days
Slippage from Lighter: live order book, 31 min ago; Extended: live order book, 36 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 Lighter live order book, 31 min ago1.87 bp2.9 bp −$312.4 bp −$12447.0 bp −$4,695doesn't fit
Sell Extended live order book, 36 min ago0.03 bp2.9 bp −$36.9 bp −$69doesn't fitdoesn't fit

EWY on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−0.0432%1h187.73+0.021%$28K$16K20xas long as short
Bitget EWYUSDT−0.0092%8h187.92+0.123%$3.1M$2.9M20xas long as short
Aster EWYUSDT0.0000%8h187.81+0.066%$291K$14K20xas long as short
Bybit EWYUSDT0.0000%8h187.97+0.149%$5.0M$4.7M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.88+0.101%$4.0M$4.7M50xas long as short
SunX EWY-USDT0.0000%8h187.56−0.069%$1.8M20xas long as short
Phemex EWYUSDT0.0000%8h187.83+0.075%$1.7M$37K10xas long as short
Lighter EWYlong+0.0032%1h187.69long leg$381K$44K20x
Vest EWY-USD-PERP+0.0046%1h187.96+0.144%$215K25xas long as short
Popdex EWYUSDT+0.0048%1h187.94+0.133%$200K$165K20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY+0.0048%8h187.83+0.077%$1.2M$909Kas long as short
tradeXYZ xyz:EWY+0.0050%1h187.73+0.021%$5.8M$15.2M20xas long as short
Entropy io:EWY+0.0050%1h187.70+0.005%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.97+0.149%$4K$5K20xas long as short
SoDEX EWY-USD+0.0050%1h187.82+0.069%$766$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.43−0.139%$226K$312K10xas long as short
Paradex EWY-USD-PERP+0.0056%8h187.99+0.159%$235xas long as short
Deribit EWY_USDC-PERPETUAL+0.0070%1h187.81+0.064%$3K$14K20xas long as short
MEXC EWY_USDT+0.0073%8h187.84+0.080%$7.4M$4.3M100xas long as short
Binance EWYUSDT+0.0080%8h187.92+0.123%$26.3M$83.3M50xas long as short
Extended EWY_24_5-USDshort+0.0080%1h187.86+0.092%$234K$909K10x
BloFin EWY-USDT+0.0082%8h187.85+0.085%$48K$229K50xas long as short
Gate EWY_USDT+0.0082%8h187.95+0.139%$4.0M$4.6M50xas long as short
KuCoin EWYUSDTM+0.0100%8h187.65−0.021%$965K$681K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.71+0.011%$13K$266K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.87+0.096%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0128%1h187.79+0.053%$521K$246K20xas long as short
HTX EWY-USDT+0.0253%8h187.74+0.027%$22K$35K20xas long as short
GRVT EWY_USDT_Perp+0.0727%8h187.66−0.015%$735K$409K10xas long as short
edgeX EWYUSDC+0.0941%4h187.67−0.011%$421K$287K20xas long as short