Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h −0.028%

Price spread now: Deribit against MEXC−0.037%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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. Deribit is 0.037% cheaper against MEXC than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EWY_USDT	186.87	0	get 0.0000% / 8h	32m 06s	$8.5M	$4.4M	100x
Short	Deribit EWY_USDC-PERPETUAL	186.80	0.0178	get 0.0022% / 1h	32m 06s	$2K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.037%Rate

Funding earned: $37.47
Price spread: −0.037% → 0.000%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $26.73
Costs to cover: 0.070%
Break-even: 2.0 days

Slippage unknown: MEXC: live order book, 1 min ago; Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	0.27 bp	0.3 bp $0	0.6 bp −$6	3.1 bp −$312	102.2 bp −$51.1K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0443%	8h	186.97	+0.054%	$2.9M	$2.5M	20x	as long as short
Vest EWY-USD-PERP	−0.0002%	1h	186.46	−0.219%	—	$220K	25x	as long as short
Aster EWYUSDT	0.0000%	8h	186.93	+0.031%	$290K	$13K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	186.82	−0.027%	$238K	$912K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	186.90	+0.016%	$27.2M	$83.0M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	186.86	−0.005%	$4.9M	$4.9M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	186.81	−0.032%	$4.1M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.91	+0.021%	$4.0M	$4.3M	50x	as long as short
MEXC EWY_USDTlong	0.0000%	8h	186.87	long leg	$8.5M	$4.4M	100x
Variational Omni EWY	0.0000%	8h	187.02	+0.079%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	187.00	+0.067%	$739K	$416K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	186.77	−0.054%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	187.09	+0.118%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	186.91	+0.021%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0005%	8h	187.03	+0.086%	$48K	$217K	50x	as long as short
Hotstuff EWY-PERP	+0.0024%	1h	186.86	−0.005%	$28K	$12K	20x	as long as short
Lighter EWY	+0.0032%	1h	186.70	−0.091%	$378K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	186.94	+0.037%	$197K	$153K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.72	−0.080%	$6.2M	$14.5M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.85	−0.011%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.74	−0.070%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	186.84	−0.016%	$752	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	186.76	−0.059%	$223K	$334K	10x	as long as short
Coinbase International EWY-PERP-INTX	+0.0056%	1h	186.75	−0.064%	$518K	$249K	20x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	186.90	+0.018%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.75	−0.064%	$961K	$602K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.86	−0.005%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	186.86	−0.005%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUALshort	+0.0178%	1h	186.80	−0.037%	$2K	$14K	20x
edgeX EWYUSDC	+0.0524%	4h	187.06	+0.102%	$419K	$285K	20x	as long as short