Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.028%

Price spread now: Extended against Paradex−0.045%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Extended

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—+ Points / potential airdropParadex: Active · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.045% cheaper against Paradex than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex EWY-USD-PERP	188.63	0.0055	pay 0.0055% / 8h	5h 44m	$23	—	5x
Short	Extended EWY_24_5-USD	188.55	0.0248	get 0.0031% / 1h	44m 04s	$247K	$935K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Paradex. 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 ParadexbpFee ExtendedbpOrdersPrice spread, now −0.045%Rate

Funding earned: $40.52
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $26.98
Costs to cover: 0.090%
Break-even: 2.3 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Extended live order book, 2 min ago	0.03 bp	2.9 bp −$3	5.9 bp −$59	doesn't fit	doesn't fit

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWY-PERP	−8.0000%	1h	188.21	−0.225%	$28K	$16K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.63	−0.002%	$5.0M	$5.0M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.62	−0.008%	$4.0M	$4.9M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.65	+0.008%	$3.1M	$3.1M	20x	as long as short
SunX EWY-USDT	0.0000%	8h	188.21	−0.225%	—	$1.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.65	+0.008%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.46	−0.092%	$382K	$44K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.58	−0.029%	—	$224K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.54	−0.050%	$201K	$167K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.48	−0.082%	$5.9M	$15.5M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:EWY	+0.0050%	1h	188.57	−0.034%	$143K	$118K	25x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.53	−0.055%	$776	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.43	−0.108%	$226K	$316K	10x	as long as short
Paradex EWY-USD-PERPlong	+0.0055%	8h	188.63	long leg	$23	—	5x
Coinbase International EWY-PERP-INTX	+0.0088%	1h	188.48	−0.082%	$523K	$252K	20x	as long as short
edgeX EWYUSDC	+0.0089%	4h	188.82	+0.098%	$423K	$290K	20x	as long as short
Gate EWY_USDT	+0.0092%	8h	188.67	+0.019%	$4.0M	$4.8M	50x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.41	−0.119%	$970K	$706K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.84	+0.109%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.59	−0.024%	$2K	$1K	20x	as long as short
Polymarket Perps EWY-USD	+0.0104%	1h	188.67	+0.019%	$4K	$7K	20x	as long as short
Aster EWYUSDT	+0.0146%	8h	188.49	−0.076%	$292K	$14K	20x	as long as short
Variational Omni EWY	+0.0205%	8h	188.62	−0.009%	$1.1M	$941K	—	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0227%	1h	188.63	−0.002%	$3K	$13K	20x	as long as short
MEXC EWY_USDT	+0.0236%	8h	188.62	−0.008%	$7.4M	$4.3M	100x	as long as short
Binance EWYUSDT	+0.0245%	8h	188.62	−0.007%	$26.2M	$86.6M	50x	as long as short
Extended EWY_24_5-USDshort	+0.0248%	1h	188.55	−0.045%	$247K	$935K	10x
BloFin EWY-USDT	+0.0250%	8h	188.62	−0.008%	$48K	$237K	50x	as long as short
HTX EWY-USDT	+0.0417%	8h	188.94	+0.162%	$22K	$36K	20x	as long as short
GRVT EWY_USDT_Perp	+0.0912%	8h	188.84	+0.111%	$740K	$408K	10x	as long as short