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+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: tradeXYZ against SunX−0.021%7-day average −0.055% · 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 7 days+0.137%+$14 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.021%, 7d avg −0.055%
Together, before fees+0.152%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.034% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EWY-USDT186.760get 0.0000% / 8h30m 58s$2.4M20x
ShorttradeXYZ xyz:EWY186.720.0050get 0.0006% / 1h30m 58s$6.4M$14.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$10.5
Price spread: −0.021% → −0.055%
$3.4
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$12.1
Costs to cover
0.260%
Break-even
15.1 days
Slippage unknown: SunX: live order book, 6 min ago; tradeXYZ: live order book, 8 min ago. 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 SunX live order book, 6 min ago500.35 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 8 min ago0.54 bp10.5 bp −$1112.2 bp −$122doesn'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−0.0449%8h186.97+0.112%$2.9M$2.5M20xas long as short
BloFin EWY-USDT−0.0025%8h186.97+0.112%$48K$217K50xas long as short
Vest EWY-USD-PERP−0.0003%1h186.53−0.123%$220K25xas long as short
Aster EWYUSDT0.0000%8h186.96+0.107%$290K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.84+0.043%$238K$912K10xas long as short
Binance EWYUSDT0.0000%8h186.89+0.070%$27.2M$83.0M50xas long as short
Bybit EWYUSDT0.0000%8h186.95+0.102%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.84+0.043%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.97+0.112%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h186.89+0.070%$8.5M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.02+0.138%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.00+0.126%$739K$416K10xas long as short
SunX EWY-USDTlong0.0000%8h186.76long leg$2.4M20x
HTX EWY-USDT0.0000%8h187.09+0.177%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.97+0.112%$1.7M$37K10xas long as short
Hotstuff EWY-PERP+0.0024%1h186.86+0.054%$28K$12K20xas long as short
Lighter EWY+0.0032%1h186.87+0.059%$379K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.94+0.096%$197K$153K20xas long as short
tradeXYZ xyz:EWYshort+0.0050%1h186.72−0.021%$6.4M$14.6M20x
Entropy io:EWY+0.0050%1h186.83+0.037%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.80+0.021%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.92+0.086%$753$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.760.000%$224K$334K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.84+0.043%$518K$250K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.92+0.088%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.79+0.016%$962K$602K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.77+0.005%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.95+0.102%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0125%1h186.96+0.107%$2K$14K20xas long as short
edgeX EWYUSDC+0.0823%4h186.98+0.119%$419K$286K20xas long as short