Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX−0.026%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.026% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX EWY-USD	190.38	0.0050	pay 0.0006% / 1h	21m 22s	$749	$4K	10x
Short	KuCoin EWYUSDTM	190.33	0.0100	get 0.0100% / 8h	5h 21m	$982K	$628K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.5
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.13
Costs to cover: 0.200%
Break-even: 15.1 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 33 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 33 min ago	3.68 bp	145.7 bp −$146	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWY-PERP	−0.0200%	1h	190.26	−0.063%	$29K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.46	+0.042%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.41	+0.016%	$4.1M	$3.7M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.29	−0.050%	$752K	$390K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.33	−0.026%	—	$2.5M	20x	as long as short
Coinbase International EWY-PERP-INTX	0.0000%	1h	190.30	−0.042%	$531K	$312K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.15	−0.121%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.36	−0.011%	$1.7M	$38K	10x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0013%	1h	190.35	−0.016%	$2K	$13K	20x	as long as short
Lighter EWY	+0.0032%	1h	190.24	−0.074%	$386K	$39K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EWY-USD-PERP	+0.0046%	1h	190.43	+0.026%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.40	+0.011%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.31	−0.037%	$6.1M	$13.9M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.19	−0.100%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.23	−0.079%	$4K	$126	20x	as long as short
SoDEX EWY-USDlong	+0.0050%	1h	190.38	long leg	$749	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	190.25	−0.068%	$199K	$267K	10x	as long as short
Paradex EWY-USD-PERP	+0.0055%	8h	190.39	+0.005%	$23	—	5x	as long as short
Bitget EWYUSDT	+0.0058%	8h	190.42	+0.021%	$2.7M	$2.0M	20x	as long as short
KuCoin EWYUSDTMshort	+0.0100%	8h	190.33	−0.026%	$982K	$628K	20x
ApeX Omni EWYUSDT	+0.0100%	1h	190.18	−0.105%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.39	+0.005%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0105%	8h	190.40	+0.011%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0186%	8h	190.37	−0.004%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0237%	8h	190.09	−0.154%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0241%	8h	190.30	−0.042%	$48K	$214K	50x	as long as short
Extended EWY_24_5-USD	+0.0256%	1h	190.36	−0.008%	$302K	$665K	10x	as long as short
Binance EWYUSDT	+0.0259%	8h	190.42	+0.019%	$28.4M	$76.9M	50x	as long as short
MEXC EWY_USDT	+0.0260%	8h	190.40	+0.011%	$6.5M	$4.2M	100x	as long as short
edgeX EWYUSDC	+0.0946%	4h	190.08	−0.155%	$426K	$283K	20x	as long as short