Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.027%

Price spread now: Aster against ApeX Omni+0.091%7-day average +0.016% · you sell dearer than you buy

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

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.091%, 7d avg +0.016%

Together, before fees−0.147%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.075% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EWYUSDT	188.30	0.0100	pay 0.0013% / 1h	3m 19s	$13K	$266K	50x
Short	Aster EWYUSDT	188.47	0.0335	get 0.0335% / 8h	5h 03m	$292K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.091%Rate

Funding earned: $49.36
Price spread: +0.091% → +0.016%: $7.45
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $38.81
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: ApeX Omni: live order book, 42 min ago; Aster: live order book, 42 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 ApeX Omni live order book, 42 min ago	28.37 bp	39.5 bp −$39	199.3 bp −$1,993	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	3.45 bp	9.5 bp −$10	10.4 bp −$104	doesn't fit	doesn't fit

EWY on 30 exchanges

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	−8.0000%	1h	188.48	+0.096%	$28K	$19K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.63	+0.175%	$5.0M	$5.0M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.51	+0.112%	$4.0M	$4.9M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.59	+0.154%	$3.2M	$3.2M	20x	as long as short
SunX EWY-USDT	0.0000%	8h	188.29	−0.005%	—	$1.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	188.52	+0.117%	$3K	$11K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.55	+0.133%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.43	+0.069%	$382K	$44K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.59	+0.154%	—	$224K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.51	+0.112%	$201K	$166K	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:EWY	+0.0050%	1h	188.46	+0.085%	$5.9M	$14.8M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.45	+0.080%	$143K	$119K	25x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.55	+0.133%	$778	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.38	+0.042%	$225K	$315K	10x	as long as short
Paradex EWY-USD-PERP	+0.0054%	8h	188.59	+0.152%	$23	—	5x	as long as short
Gate EWY_USDT	+0.0076%	8h	188.58	+0.149%	$4.0M	$4.9M	50x	as long as short
Coinbase International EWY-PERP-INTX	+0.0088%	1h	188.08	−0.117%	$523K	$254K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.37	+0.037%	$969K	$735K	20x	as long as short
ApeX Omni EWYUSDTlong	+0.0100%	1h	188.30	long leg	$13K	$266K	50x
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.56	+0.138%	$2K	$1K	20x	as long as short
Polymarket Perps EWY-USD	+0.0196%	1h	188.70	+0.212%	$4K	$7K	20x	as long as short
Aster EWYUSDTshort	+0.0335%	8h	188.47	+0.091%	$292K	$14K	20x
Variational Omni EWY	+0.0403%	8h	188.50	+0.104%	$1.1M	$941K	—	as long as short
BloFin EWY-USDT	+0.0430%	8h	188.53	+0.122%	$48K	$245K	50x	as long as short
MEXC EWY_USDT	+0.0433%	8h	188.50	+0.106%	$7.1M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0439%	8h	188.54	+0.129%	$26.2M	$86.1M	50x	as long as short
Extended EWY_24_5-USD	+0.0440%	1h	188.49	+0.099%	$247K	$1.1M	10x	as long as short
HTX EWY-USDT	+0.0535%	8h	188.52	+0.117%	$22K	$36K	20x	as long as short
edgeX EWYUSDC	+0.0663%	4h	188.48	+0.096%	$422K	$290K	20x	as long as short
GRVT EWY_USDT_Perp	+0.1026%	8h	188.52	+0.116%	$739K	$412K	10x	as long as short