Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0545%/8h= −59.7% APRpaid last 24h −0.055%

Price spread now: SoDEX against MEXC+0.026%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. SoDEX is 0.026% dearer against MEXC than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EWY_USDT	190.50	0.0595	pay 0.0595% / 8h	6h 58m	$7.0M	$4.1M	100x
Short	SoDEX EWY-USD	190.55	0.0050	get 0.0006% / 1h	58m 55s	$538	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$114.45
Price spread: +0.026% → 0.000%: $2.62
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$119.83
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; SoDEX: 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, 4 min ago	0.26 bp	0.7 bp −$1	1.3 bp −$13	4.1 bp −$409	103.0 bp −$51.5K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Entropy io:EWY	−0.0066%	1h	190.51	+0.005%	$52K	$57K	25x	as long as short
Deribit EWY_USDC-PERPETUAL	−0.0065%	1h	190.53	+0.016%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.54	+0.021%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.56	+0.031%	$4.0M	$3.5M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	190.57	+0.037%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.76	+0.136%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.51	+0.005%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.33	−0.089%	$386K	$34K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.78	+0.147%	—	$220K	25x	as long as short
GRVT EWY_USDT_Perp	+0.0047%	8h	190.56	+0.031%	$753K	$380K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.58	+0.042%	$196K	$142K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.43	−0.037%	$531K	$340K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.44	−0.031%	$6.2M	$14.5M	20x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.43	−0.037%	$4K	$126	20x	as long as short
SoDEX EWY-USDshort	+0.0050%	1h	190.55	+0.026%	$538	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	190.51	+0.005%	$229K	$235K	10x	as long as short
Paradex EWY-USD-PERP	+0.0068%	8h	190.57	+0.036%	$23	—	5x	as long as short
Hotstuff EWY-PERP	+0.0096%	1h	190.53	+0.016%	$29K	$12K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.43	−0.037%	$981K	$644K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.45	−0.026%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.63	+0.068%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0266%	8h	190.48	−0.010%	$4.2M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0448%	8h	190.54	+0.021%	$2.7M	$1.7M	20x	as long as short
Aster EWYUSDT	+0.0473%	8h	190.65	+0.081%	$296K	$12K	20x	as long as short
Variational Omni EWY	+0.0566%	8h	190.51	+0.006%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0568%	8h	190.60	+0.052%	$2K	$214K	50x	as long as short
Extended EWY_24_5-USD	+0.0592%	1h	190.46	−0.020%	$304K	$670K	10x	as long as short
Binance EWYUSDT	+0.0594%	8h	190.51	+0.005%	$28.5M	$77.4M	50x	as long as short
MEXC EWY_USDTlong	+0.0595%	8h	190.50	long leg	$7.0M	$4.1M	100x
edgeX EWYUSDC	+0.0962%	4h	190.56	+0.034%	$427K	$283K	20x	as long as short