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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.017%
Price spread now: Coinbase International against OKX+0.269%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$340.339% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 3 days (all we have)−0.329%−$33 · spread now +0.269%, 7d avg −0.069%
Together, before fees−0.280%−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.338% dearer against OKX than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of −0.069%): +$34 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 7.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWY-USDT-SWAP189.770.0208pay 0.0208% / 8h6h 33m$4.1M$3.5M50x
ShortCoinbase International EWY-PERP-INTX190.280.0048get 0.0006% / 1h33m 46s$531K$335K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$33.58
Price spread: +0.269% → −0.069%
$33.8
Slippage, 4 orders
−$13.86
Fee OKX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$33.65
Costs to cover
0.339%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 34 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 ago0.26 bp8.9 bp −$912.1 bp −$121doesn't fitdoesn't fit
Sell Coinbase International live order book, 34 min ago4.46 bp9.5 bp −$915.0 bp −$150doesn't fitdoesn't fit

EWY on 29 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−0.0128%1h189.71−0.032%$28K$12K20xas long as short
Bybit EWYUSDT0.0000%8h189.82+0.026%$5.1M$4.4M100xas long as short
Gate EWY_USDT0.0000%8h189.78+0.005%$4.0M$3.6M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.60−0.091%$749K$385K10xas long as short
SunX EWY-USDT0.0000%8h189.70−0.037%$2.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h189.64−0.069%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h189.80+0.016%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h189.79+0.011%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.65−0.063%$384K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.88+0.058%$220K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h189.73−0.021%$197K$146K20xas long as short
Coinbase International EWY-PERP-INTXshort+0.0048%1h190.28+0.269%$531K$335K20x
tradeXYZ xyz:EWY+0.0050%1h189.76−0.005%$6.3M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h189.70−0.037%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.56−0.111%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.70−0.037%$641$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.48−0.153%$212K$250K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h189.72−0.025%$235xas long as short
edgeX EWYUSDC+0.0083%4h189.50−0.141%$425K$282K20xas long as short
KuCoin EWYUSDTM+0.0100%8h189.64−0.069%$977K$634K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.59−0.095%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.75−0.011%$2K$1K20xas long as short
OKX EWY-USDT-SWAPlong+0.0208%8h189.77long leg$4.1M$3.5M50x
Bitget EWYUSDT+0.0232%8h189.76−0.005%$2.8M$1.9M20xas long as short
Aster EWYUSDT+0.0389%8h189.85+0.040%$294K$12K20xas long as short
Variational Omni EWY+0.0472%8h189.67−0.055%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0488%1h189.73−0.019%$302K$670K10xas long as short
Binance EWYUSDT+0.0491%8h189.75−0.011%$28.3M$77.6M50xas long as short
MEXC EWY_USDT+0.0495%8h189.74−0.016%$7.0M$4.2M100xas long as short