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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Phemex−0.027%77s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1911.908% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.027%, 7d avg −0.026%
Together, before fees+0.205%+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex EWYUSDT188.420get 0.0000% / 8h2h 08m$1.7M$37K10x
ShortApeX Omni EWYUSDT188.370.0100get 0.0013% / 1h8m 19s$13K$265K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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: −0.027% → −0.026%
−$0.04
Slippage, 4 orders
−$168.77
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$169.81
Costs to cover
1.908%
Break-even
63.6 days
Slippage from Phemex: live order book, 5 min ago; ApeX Omni: live order book, 39 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 Phemex live order book, 5 min ago1.06 bp40.0 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 39 min ago28.31 bp40.0 bp −$40193.0 bp −$1,930doesn'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
Bitget EWYUSDT−0.0151%8h188.46+0.021%$2.7M$2.3M20xas long as short
BloFin EWY-USDT−0.0012%8h188.39−0.016%$47K$216K50xas long as short
Aster EWYUSDT0.0000%8h188.42+0.001%$292K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h188.36−0.030%$240K$500K10xas long as short
Binance EWYUSDT0.0000%8h188.420.000%$27.4M$81.2M50xas long as short
Bybit EWYUSDT0.0000%8h188.49+0.037%$5.0M$4.8M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h188.36−0.032%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h188.47+0.027%$4.1M$4.2M50xas long as short
MEXC EWY_USDT0.0000%8h188.44+0.011%$8.9M$4.2M100xas long as short
Variational Omni EWY0.0000%8h188.31−0.057%$1.2M$1.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWY_USDT_Perp0.0000%8h188.35−0.038%$744K$426K10xas long as short
SunX EWY-USDT0.0000%8h188.36−0.032%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h188.45+0.016%$22K$35K20xas long as short
Phemex EWYUSDTlong0.0000%8h188.42long leg$1.7M$37K10x
Lighter EWY+0.0032%1h188.25−0.090%$382K$40K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h187.91−0.271%$523K$277K20xas long as short
Vest EWY-USD-PERP+0.0046%1h188.22−0.106%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h188.47+0.027%$198K$151K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h188.36−0.032%$6.3M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h188.16−0.138%$125K$111K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h188.25−0.090%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h188.420.000%$734$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h188.17−0.133%$216K$318K10xas long as short
Paradex EWY-USD-PERP+0.0059%8h188.420.000%$235xas long as short
Hotstuff EWY-PERP+0.0064%1h188.28−0.074%$28K$12K20xas long as short
KuCoin EWYUSDTM+0.0100%8h188.17−0.133%$969K$599K20xas long as short
ApeX Omni EWYUSDTshort+0.0100%1h188.37−0.027%$13K$265K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.41−0.005%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0175%1h188.38−0.021%$2K$14K20xas long as short
edgeX EWYUSDC+0.0835%4h188.30−0.066%$422K$284K20xas long as short