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+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.022%
Price spread now: Paradex against Phemex−0.027%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.027% cheaper against Phemex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex EWYUSDT189.460get 0.0000% / 8h3h 39m$1.7M$37K10x
ShortParadex EWY-USD-PERP189.410.0054get 0.0054% / 8h3h 39m$235x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$11.35
Price spread: −0.027% → 0.000%
−$2.7
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$7.35
Costs to cover
0.160%
Break-even
11.5 days
Slippage unknown: Phemex: live order book, 4 min ago; Paradex: no order-book sample. 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 Phemex live order book, 4 min ago1.32 bp53.7 bp −$54doesn't fitdoesn't fitdoesn't fit
Sell Paradex no order-book sample
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 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−0.0072%1h189.32−0.074%$28K$12K20xas long as short
Aster EWYUSDT0.0000%8h189.47+0.008%$294K$12K20xas long as short
Bybit EWYUSDT0.0000%8h189.44−0.011%$5.1M$4.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.44−0.011%$4.1M$3.3M50xas long as short
Gate EWY_USDT0.0000%8h189.44−0.011%$4.1M$3.8M50xas long as short
Bitget EWYUSDT0.0000%8h189.45−0.005%$2.7M$2.2M20xas long as short
Variational Omni EWY0.0000%8h189.64+0.096%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h189.67+0.112%$750K$400K10xas long as short
SunX EWY-USDT0.0000%8h189.38−0.042%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h189.37−0.048%$2K$13K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWY-USDT0.0000%8h190.08+0.327%$22K$35K20xas long as short
Phemex EWYUSDTlong0.0000%8h189.46long leg$1.7M$37K10x
Binance EWYUSDT+0.0023%8h189.41−0.026%$27.6M$76.7M50xas long as short
Extended EWY_24_5-USD+0.0024%1h189.36−0.055%$300K$667K10xas long as short
MEXC EWY_USDT+0.0025%8h189.42−0.021%$6.2M$3.8M100xas long as short
BloFin EWY-USDT+0.0030%8h189.460.000%$47K$213K50xas long as short
Lighter EWY+0.0032%1h189.34−0.063%$383K$39K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.51+0.026%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.460.000%$197K$146K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h189.83+0.195%$530K$291K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.34−0.063%$6.1M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h189.49+0.016%$30K$64K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.29−0.090%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.41−0.026%$750$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.44−0.011%$209K$283K10xas long as short
Paradex EWY-USD-PERPshort+0.0054%8h189.41−0.027%$235x
KuCoin EWYUSDTM+0.0100%8h189.38−0.042%$975K$612K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.85+0.206%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.42−0.021%$2K$1K20xas long as short
edgeX EWYUSDC+0.0514%4h189.64+0.097%$425K$283K20xas long as short