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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: Ondo Perps against Lighter+0.064%7-day average −0.024% · you sell dearer than you buy
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 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.064%, 7d avg −0.024%
Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$5 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 Ondo Perps is 0.089% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EWY186.750.0032pay 0.0004% / 1h33m 01s$379K$40K20x
ShortOndo Perps EWY-USD.P186.870.0050get 0.0006% / 1h33m 01s$223K$332K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$3.86
Price spread: +0.064% → −0.024%
$8.86
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$7.73
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Lighter: live order book, 61 min ago; Ondo Perps: no order-book sample. 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 Lighter live order book, 61 min ago3.20 bp4.3 bp −$410.9 bp −$10946.5 bp −$4,652doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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
Bitget EWYUSDT−0.0438%8h186.99+0.129%$2.9M$2.5M20xas long as short
Vest EWY-USD-PERP−0.0001%1h186.58−0.091%$220K25xas long as short
Aster EWYUSDT0.0000%8h186.99+0.127%$290K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.88+0.071%$238K$912K10xas long as short
Binance EWYUSDT0.0000%8h186.93+0.096%$27.2M$82.9M50xas long as short
Bybit EWYUSDT0.0000%8h186.96+0.112%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.85+0.054%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.99+0.129%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h186.92+0.091%$8.5M$4.4M100xas long as short
Variational Omni EWY0.0000%8h187.02+0.144%$1.2M$1.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWY_USDT_Perp0.0000%8h187.00+0.132%$739K$416K10xas long as short
SunX EWY-USDT0.0000%8h186.86+0.059%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h187.09+0.182%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.96+0.112%$1.7M$37K10xas long as short
BloFin EWY-USDT+0.0005%8h187.03+0.150%$48K$217K50xas long as short
Hotstuff EWY-PERP+0.0024%1h186.86+0.059%$28K$12K20xas long as short
Lighter EWYlong+0.0032%1h186.75long leg$379K$40K20x
Popdex EWYUSDT+0.0048%1h187.02+0.145%$197K$153K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.750.000%$6.3M$14.5M20xas long as short
Entropy io:EWY+0.0050%1h186.90+0.080%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.82+0.037%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.88+0.070%$748$4K10xas long as short
Ondo Perps EWY-USD.Pshort+0.0050%1h186.87+0.064%$223K$332K10x
Coinbase International EWY-PERP-INTX+0.0056%1h186.93+0.096%$519K$246K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.99+0.127%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.85+0.054%$962K$603K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.86+0.059%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.91+0.086%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0232%1h186.85+0.054%$2K$14K20xas long as short
edgeX EWYUSDC+0.0524%4h187.06+0.167%$419K$285K20xas long as short