Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.013%

Price spread now: Coinbase International against SunX−0.265%7-day average −0.052% · you buy dearer than you sell

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.265%, 7d avg −0.052%

Together, before fees+0.389%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.213% cheaper against SunX than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of −0.052%). If the spread goes back, that is −$21 on $10k: about 18 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EWY-USDT	188.90	0	get 0.0000% / 8h	2h 45m	—	$2.5M	20x
Short	Coinbase International EWY-PERP-INTX	188.40	0.0040	get 0.0005% / 1h	45m 16s	$524K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.265%Rate

Funding earned: $8.4
Price spread: −0.265% → −0.052%: −$21.27
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$30.87
Costs to cover: 0.180%
Break-even: 32.7 days

Slippage unknown: SunX: live order book, 2 min ago; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 2 min ago	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.97 bp	10.1 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit

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	−0.0064%	1h	188.91	+0.005%	$28K	$12K	20x	as long as short
Aster EWYUSDT	0.0000%	8h	188.98	+0.042%	$293K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	188.96	+0.032%	$299K	$425K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	188.96	+0.032%	$27.5M	$78.1M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.03	+0.069%	$5.1M	$4.4M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.90	0.000%	$4.2M	$4.1M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	189.03	+0.069%	$4.1M	$4.0M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	189.02	+0.064%	$6.2M	$3.8M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	189.05	+0.079%	$2.7M	$2.3M	20x	as long as short
Variational Omni EWY	0.0000%	8h	188.94	+0.022%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	188.86	−0.019%	$747K	$412K	10x	as long as short
SunX EWY-USDTlong	0.0000%	8h	188.90	long leg	—	$2.5M	20x
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	188.96	+0.032%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.14	+0.127%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.95	+0.026%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0016%	8h	188.96	+0.032%	$48K	$215K	50x	as long as short
Lighter EWY	+0.0032%	1h	188.84	−0.032%	$383K	$40K	20x	as long as short
Coinbase International EWY-PERP-INTXshort	+0.0040%	1h	188.40	−0.265%	$524K	$285K	20x
Vest EWY-USD-PERP	+0.0046%	1h	188.90	0.000%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.04	+0.074%	$197K	$148K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.89	−0.005%	$6.2M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.88	−0.011%	$65K	$81K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	188.80	−0.053%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.91	+0.005%	$733	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.75	−0.079%	$204K	$306K	10x	as long as short
Paradex EWY-USD-PERP	+0.0052%	8h	189.03	+0.070%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.85	−0.026%	$973K	$609K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.81	−0.048%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.98	+0.042%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0717%	4h	188.90	−0.003%	$423K	$285K	20x	as long as short