Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Phemex against Variational Omni+0.109%56s7-day average +0.014% · you sell dearer than you buy
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 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.109%, 7d avg +0.014%
Together, before fees−0.117%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.095% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni EWY189.200get 0.0000% / 8h4h 23m$1.4M$869K
ShortPhemex EWYUSDT189.410get 0.0000% / 8h4h 23m$1.7M$36K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. 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
$0
Price spread: +0.109% → +0.014%
$9.46
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$2.54
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, just now; Phemex: live order book, 4 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 Variational Omni RFQ quote, just now2.24 bpdoesn't fit4.8 bp −$48doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago1.32 bp42.7 bp −$43doesn't fitdoesn'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
BloFin EWY-USDT−0.0025%8h189.35+0.077%$48K$211K50xas long as short
Hotstuff EWY-PERP−0.0024%1h189.37+0.088%$28K$12K20xas long as short
Aster EWYUSDT0.0000%8h189.42+0.115%$294K$11K20xas long as short
Extended EWY_24_5-USD0.0000%1h189.43+0.118%$304K$410K10xas long as short
Binance EWYUSDT0.0000%8h189.45+0.128%$28.4M$73.7M50xas long as short
Bybit EWYUSDT0.0000%8h189.45+0.130%$5.7M$3.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.47+0.141%$4.0M$3.9M50xas long as short
Gate EWY_USDT0.0000%8h189.40+0.104%$3.2M$2.6M50xas long as short
MEXC EWY_USDT0.0000%8h189.44+0.125%$7.7M$4.4M100xas long as short
Bitget EWYUSDT0.0000%8h189.45+0.130%$2.4M$1.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWYlong0.0000%8h189.20long leg$1.4M$869K
GRVT EWY_USDT_Perp0.0000%8h189.34+0.070%$749K$422K10xas long as short
SunX EWY-USDT0.0000%8h189.36+0.082%$2.7M20xas long as short
HTX EWY-USDT0.0000%8h189.26+0.030%$36K$9K20xas long as short
Phemex EWYUSDTshort0.0000%8h189.41+0.109%$1.7M$36K10x
Lighter EWY+0.0032%1h189.31+0.056%$376K$97K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.46+0.135%$217K25xas long as short
Popdex EWYUSDT+0.0048%1h189.46+0.135%$193K$138K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.38+0.093%$6.2M$14.0M20xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.27+0.035%$4K$2320xas long as short
SoDEX EWY-USD+0.0050%1h189.41+0.109%$775$3K10xas long as short
Paradex EWY-USD-PERP+0.0050%8h189.45+0.129%$235xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.36+0.082%$223K$168K10xas long as short
Coinbase International EWY-PERP-INTX+0.0096%1h189.20−0.002%$525K$327K20xas long as short
Entropy io:EWY+0.0098%1h189.25+0.024%$47K$26K25xas long as short
KuCoin EWYUSDTM+0.0100%8h189.27+0.035%$960K$747K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.26+0.030%$13K$261K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.46+0.135%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0331%1h189.46+0.135%$2K$13K20xas long as short
edgeX EWYUSDC+0.0518%4h189.32+0.063%$424K$273K20xas long as short