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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.040%
Price spread now: Binance against ApeX Omni+0.010%99s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$900.905% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 4 days (all we have)+0.145%+$14 · spread now +0.010%, 7d avg +0.020%
Together, before fees+0.115%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT190.540.0100pay 0.0013% / 1h37m 45s$13K$265K50x
ShortBinance EWYUSDT190.560.0155get 0.0155% / 8h4h 37m$28.4M$76.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$11.57
Price spread: +0.010% → +0.020%
−$0.94
Slippage, 4 orders
−$70.49
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$79.86
Costs to cover
0.905%
Break-even
55.3 days
Slippage from ApeX Omni: live order book, 19 min ago; Binance: live order book, 5 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 ApeX Omni live order book, 19 min ago28.33 bp39.3 bp −$39210.4 bp −$2,104doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago0.26 bp5.3 bp −$56.3 bp −$6317.6 bp −$1,764doesn'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
Bybit EWYUSDT0.0000%8h190.59+0.026%$5.2M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.61+0.037%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.69+0.079%$754K$394K10xas long as short
SunX EWY-USDT0.0000%8h190.59+0.026%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.52−0.010%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.72+0.094%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.57+0.016%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.41−0.068%$386K$39K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h190.57+0.016%$531K$305K20xas long as short
Bitget EWYUSDT+0.0043%8h190.59+0.026%$2.7M$2.0M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EWY-USD-PERP+0.0046%1h190.71+0.089%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.55+0.005%$198K$146K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.48−0.031%$6.2M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.43−0.058%$46K$59K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.36−0.094%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.56+0.010%$751$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.60+0.031%$201K$268K10xas long as short
Paradex EWY-USD-PERP+0.0054%8h190.55+0.007%$235xas long as short
OKX EWY-USDT-SWAP+0.0060%8h190.58+0.021%$4.1M$3.3M50xas long as short
Aster EWYUSDT+0.0080%8h190.55+0.006%$295K$12K20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.44−0.052%$982K$623K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h190.54long leg$13K$265K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.56+0.010%$2K$1K20xas long as short
Variational Omni EWY+0.0123%8h190.65+0.058%$1.2M$1.1Mas long as short
edgeX EWYUSDC+0.0130%4h190.55+0.005%$427K$282K20xas long as short
Extended EWY_24_5-USD+0.0152%1h190.50−0.020%$301K$669K10xas long as short
Binance EWYUSDTshort+0.0155%8h190.56+0.010%$28.4M$76.6M50x
MEXC EWY_USDT+0.0160%8h190.540.000%$6.5M$3.9M100xas long as short
BloFin EWY-USDT+0.0179%8h190.57+0.016%$48K$214K50xas long as short
Hotstuff EWY-PERP+0.0280%1h190.46−0.042%$29K$12K20xas long as short