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+0.0100%/8h= +10.9% APRpaid last 24h −0.004%
Price spread now: ApeX Omni against OKX+0.011%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$890.888% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.011%, 7d avg −0.010%
Together, before fees+0.143%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWY-USDT-SWAP186.480get 0.0000% / 8h3m 30s$4.1M$4.7M50x
ShortApeX Omni EWYUSDT186.500.0100get 0.0013% / 1h3m 30s$13K$264K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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
$21
Price spread: +0.011% → −0.010%
$2.08
Slippage, 4 orders
−$68.76
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$65.68
Costs to cover
0.888%
Break-even
28.9 days
Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 33 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 OKX live order book, 4 min ago0.27 bp6.5 bp −$610.1 bp −$101doesn't fitdoesn't fit
Sell ApeX Omni live order book, 33 min ago26.47 bp37.2 bp −$37199.6 bp −$1,996doesn't fitdoesn't fit

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
Hotstuff EWY-PERP−4.4720%1h186.32−0.086%$28K$15K20xas long as short
Bitget EWYUSDT−0.0608%8h186.57+0.048%$3.1M$2.6M20xas long as short
Vest EWY-USD-PERP−0.0030%1h185.90−0.311%$220K25xas long as short
BloFin EWY-USDT−0.0016%8h186.480.000%$48K$217K50xas long as short
Aster EWYUSDT0.0000%8h186.49+0.008%$289K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.41−0.038%$237K$915K10xas long as short
Binance EWYUSDT0.0000%8h186.46−0.009%$27.0M$83.2M50xas long as short
Bybit EWYUSDT0.0000%8h186.51+0.016%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAPlong0.0000%8h186.48long leg$4.1M$4.7M50x
Gate EWY_USDT0.0000%8h186.50+0.011%$4.1M$4.5M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EWY_USDT0.0000%8h186.46−0.011%$7.9M$4.4M100xas long as short
Variational Omni EWY0.0000%8h186.480.000%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h186.51+0.017%$731K$421K10xas long as short
SunX EWY-USDT0.0000%8h186.37−0.059%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h186.61+0.070%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.49+0.005%$1.6M$37K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0018%1h186.40−0.043%$2K$14K20xas long as short
Lighter EWY+0.0032%1h186.31−0.091%$378K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.480.000%$198K$154K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.32−0.086%$6.4M$14.7M20xas long as short
Entropy io:EWY+0.0050%1h186.31−0.091%$141K$120K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.30−0.097%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.43−0.027%$746$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.28−0.107%$233K$335K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.49+0.005%$517K$251K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.42−0.031%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.37−0.059%$960K$603K20xas long as short
ApeX Omni EWYUSDTshort+0.0100%1h186.50+0.011%$13K$264K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.44−0.021%$2K$1K20xas long as short
edgeX EWYUSDC+0.0442%4h186.45−0.017%$418K$286K20xas long as short