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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0198%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.036%
Price spread now: Extended against Ondo Perps+0.051%7-day average +0.065% · 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+0.011%+$1 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.051%, 7d avg +0.065%
Together, before fees+0.049%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps EWY-USD.P188.430.0050pay 0.0006% / 1h43m 29s$226K$316K10x
ShortExtended EWY_24_5-USD188.530.0248get 0.0031% / 1h43m 29s$247K$935K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$41.5
Price spread: +0.051% → +0.065%
−$1.34
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$30.16
Costs to cover
0.100%
Break-even
1.9 days
Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 3 min ago. 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 Ondo Perps no order-book sample
Sell Extended live order book, 3 min ago0.03 bp2.9 bp −$35.9 bp −$59doesn't fitdoesn't fit
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 exchanges

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−8.0000%1h188.03−0.212%$28K$16K20xas long as short
Bybit EWYUSDT0.0000%8h188.58+0.080%$5.0M$5.0M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h188.60+0.090%$4.0M$4.9M50xas long as short
Bitget EWYUSDT0.0000%8h188.61+0.096%$3.1M$3.1M20xas long as short
SunX EWY-USDT0.0000%8h188.21−0.117%$1.7M20xas long as short
Phemex EWYUSDT0.0000%8h188.65+0.117%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h188.44+0.005%$382K$44K20xas long as short
Vest EWY-USD-PERP+0.0046%1h188.58+0.080%$224K25xas long as short
Popdex EWYUSDT+0.0048%1h188.58+0.080%$201K$167K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h188.50+0.037%$5.9M$15.5M20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:EWY+0.0050%1h188.60+0.090%$143K$118K25xas long as short
SoDEX EWY-USD+0.0050%1h188.53+0.053%$776$3K10xas long as short
Ondo Perps EWY-USD.Plong+0.0050%1h188.43long leg$226K$316K10x
Paradex EWY-USD-PERP+0.0055%8h188.68+0.135%$235xas long as short
Coinbase International EWY-PERP-INTX+0.0088%1h188.48+0.027%$523K$252K20xas long as short
Gate EWY_USDT+0.0091%8h188.64+0.111%$4.0M$4.8M50xas long as short
KuCoin EWYUSDTM+0.0100%8h188.38−0.027%$970K$707K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h188.62+0.101%$13K$266K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.59+0.085%$2K$1K20xas long as short
Polymarket Perps EWY-USD+0.0104%1h188.67+0.127%$4K$7K20xas long as short
Aster EWYUSDT+0.0153%8h188.44+0.005%$292K$14K20xas long as short
Variational Omni EWY+0.0205%8h188.62+0.099%$1.1M$941Kas long as short
Deribit EWY_USDC-PERPETUAL+0.0227%1h188.63+0.106%$3K$13K20xas long as short
MEXC EWY_USDT+0.0244%8h188.61+0.096%$7.4M$4.3M100xas long as short
Binance EWYUSDT+0.0248%8h188.58+0.080%$26.2M$86.6M50xas long as short
Extended EWY_24_5-USDshort+0.0248%1h188.53+0.051%$247K$935K10x
BloFin EWY-USDT+0.0250%8h188.62+0.101%$48K$237K50xas long as short
edgeX EWYUSDC+0.0391%4h188.54+0.061%$423K$291K20xas long as short
HTX EWY-USDT+0.0417%8h188.94+0.271%$22K$36K20xas long as short
GRVT EWY_USDT_Perp+0.0912%8h188.84+0.219%$740K$408K10xas long as short