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% APRnext payment $0.06 per $10,000 · paid last 24h +0.037%
Price spread now: Extended against tradeXYZ+0.011%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$270.275% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.011%, 7d avg +0.050%
Together, before fees−0.011%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.039% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:EWY186.870.0050pay 0.0006% / 1h31m 18s$6.4M$14.6M20x
ShortExtended EWY_24_5-USD186.890get 0.0000% / 1h31m 18s$238K$912K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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: +0.011% → +0.050%
−$3.89
Slippage, 4 orders
−$4.46
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$41.86
Costs to cover
0.275%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Extended: live order book, 7 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 tradeXYZ live order book, 8 min ago0.54 bp11.2 bp −$1114.4 bp −$144doesn't fitdoesn't fit
Sell Extended live order book, 7 min ago0.03 bp2.9 bp −$36.1 bp −$61doesn'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%8h186.98+0.059%$2.9M$2.5M20xas long as short
Vest EWY-USD-PERP−0.0003%1h186.53−0.182%$220K25xas long as short
Aster EWYUSDT0.0000%8h187.08+0.110%$290K$13K20xas long as short
Extended EWY_24_5-USDshort0.0000%1h186.89+0.011%$238K$912K10x
Binance EWYUSDT0.0000%8h186.94+0.037%$27.2M$83.0M50xas long as short
Bybit EWYUSDT0.0000%8h186.97+0.054%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.85−0.011%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.98+0.059%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h186.93+0.032%$8.5M$4.4M100xas long as short
Variational Omni EWY0.0000%8h187.02+0.079%$1.2M$1.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWY_USDT_Perp0.0000%8h187.00+0.067%$739K$416K10xas long as short
SunX EWY-USDT0.0000%8h186.76−0.059%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h187.09+0.118%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.97+0.054%$1.7M$37K10xas long as short
BloFin EWY-USDT+0.0005%8h187.03+0.086%$48K$217K50xas long as short
Hotstuff EWY-PERP+0.0024%1h186.86−0.005%$28K$12K20xas long as short
Lighter EWY+0.0032%1h186.75−0.064%$379K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.94+0.037%$197K$153K20xas long as short
tradeXYZ xyz:EWYlong+0.0050%1h186.87long leg$6.4M$14.6M20x
Entropy io:EWY+0.0050%1h186.83−0.021%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.80−0.037%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.92+0.027%$753$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.76−0.059%$224K$334K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.84−0.016%$518K$250K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.92+0.029%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.81−0.032%$962K$602K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.77−0.054%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.95+0.043%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0125%1h186.96+0.048%$2K$14K20xas long as short
edgeX EWYUSDC+0.0823%4h186.98+0.060%$419K$286K20xas long as short