Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0549%/8h= +60.2% APRpaid last 24h +0.056%

Price spread now: MEXC against Vest−0.147%7-day average −0.073% · you buy dearer than you sell

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

Long on Vest Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.147%, 7d avg −0.073%

Together, before fees+0.132%+ Points / potential airdropVest: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.074% cheaper against Vest than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.073%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.038% in total) that is about 6.3 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.038% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest EWY-USD-PERP	190.78	0.0046	pay 0.0006% / 1h	58m 46s	—	$220K	25x
Short	MEXC EWY_USDT	190.50	0.0595	get 0.0595% / 8h	6h 58m	$7.0M	$4.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee MEXCbpOrdersPrice spread, now −0.147%Rate

Funding earned: $115.36
Price spread: −0.147% → −0.073%: −$7.41
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee MEXC: 0 bp × 2 orders: $0
Net: $105.95
Costs to cover: 0.020%
Break-even: 0.6 days

Slippage unknown: Vest: no order-book sample; MEXC: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.26 bp	0.3 bp $0	0.3 bp −$3	2.8 bp −$276	95.0 bp −$47.5K

Vest: 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
Deribit EWY_USDC-PERPETUAL	−0.0065%	1h	190.53	−0.131%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.59	−0.100%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.51	−0.142%	$4.0M	$3.5M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	190.57	−0.110%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.76	−0.010%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.51	−0.142%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.34	−0.231%	$386K	$34K	20x	as long as short
Vest EWY-USD-PERPlong	+0.0046%	1h	190.78	long leg	—	$220K	25x
GRVT EWY_USDT_Perp	+0.0047%	8h	190.56	−0.116%	$753K	$380K	10x	as long as short
Entropy io:EWY	+0.0047%	1h	190.48	−0.157%	$52K	$57K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.58	−0.105%	$196K	$142K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.43	−0.183%	$531K	$340K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.48	−0.157%	$6.2M	$14.5M	20x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.43	−0.183%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.55	−0.121%	$538	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.51	−0.142%	$229K	$235K	10x	as long as short
Paradex EWY-USD-PERP	+0.0068%	8h	190.57	−0.111%	$23	—	5x	as long as short
Hotstuff EWY-PERP	+0.0096%	1h	190.53	−0.131%	$29K	$12K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.43	−0.183%	$981K	$644K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.45	−0.173%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.63	−0.079%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0266%	8h	190.48	−0.157%	$4.2M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0448%	8h	190.54	−0.126%	$2.8M	$1.7M	20x	as long as short
Aster EWYUSDT	+0.0473%	8h	190.62	−0.085%	$296K	$12K	20x	as long as short
Variational Omni EWY	+0.0566%	8h	190.51	−0.141%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0568%	8h	190.60	−0.094%	$2K	$214K	50x	as long as short
Binance EWYUSDT	+0.0589%	8h	190.53	−0.133%	$28.5M	$77.4M	50x	as long as short
Extended EWY_24_5-USD	+0.0592%	1h	190.46	−0.166%	$304K	$670K	10x	as long as short
MEXC EWY_USDTshort	+0.0595%	8h	190.50	−0.147%	$7.0M	$4.1M	100x
edgeX EWYUSDC	+0.0962%	4h	190.56	−0.113%	$427K	$283K	20x	as long as short