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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.113%
Price spread now: edgeX against ApeX Omni−0.046%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.764%+$76 on $10k
Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.046%, 7d avg +0.008%
Together, before fees+0.849%+ Points / potential airdropedgeX: Active · farm board+$85 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.054% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.764%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT189.590.0100pay 0.0013% / 1h34m 54s$13K$263K50x
ShortedgeX EWYUSDC189.500.0083get 0.0041% / 4h2h 34m$425K$282K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$3.65
Price spread: −0.046% → +0.008%
−$5.4
Slippage, 4 orders
−$80.72
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$108.78
Costs to cover
0.997%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 32 min ago; edgeX: live order book, 34 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, 32 min ago28.60 bp40.3 bp −$40194.9 bp −$1,949doesn't fitdoesn't fit
Sell edgeX live order book, 34 min ago5.25 bp10.4 bp −$1014.3 bp −$143doesn'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
Hotstuff EWY-PERP−0.0128%1h189.65+0.032%$28K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL−0.0066%1h189.62+0.016%$2K$13K20xas long as short
Bybit EWYUSDT0.0000%8h189.78+0.100%$5.1M$4.4M100xas long as short
Gate EWY_USDT0.0000%8h189.75+0.084%$4.0M$3.6M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.60+0.004%$749K$385K10xas long as short
SunX EWY-USDT0.0000%8h189.69+0.053%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h189.65+0.032%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h189.70+0.058%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.56−0.016%$384K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.83+0.127%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h189.72+0.069%$197K$146K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h190.28+0.364%$531K$336K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.68+0.047%$6.3M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h189.67+0.042%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.52−0.037%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.67+0.042%$635$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.48−0.058%$212K$250K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h189.67+0.044%$235xas long as short
edgeX EWYUSDCshort+0.0083%4h189.50−0.046%$425K$282K20x
KuCoin EWYUSDTM+0.0100%8h189.60+0.005%$977K$634K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h189.59long leg$13K$263K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.72+0.069%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0210%8h189.77+0.095%$4.1M$3.5M50xas long as short
Bitget EWYUSDT+0.0244%8h189.77+0.095%$2.8M$1.9M20xas long as short
Aster EWYUSDT+0.0394%8h189.77+0.094%$294K$12K20xas long as short
Variational Omni EWY+0.0472%8h189.67+0.040%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0496%8h189.74+0.079%$28.3M$77.5M50xas long as short
Extended EWY_24_5-USD+0.0496%1h189.70+0.058%$302K$670K10xas long as short
MEXC EWY_USDT+0.0500%8h189.74+0.079%$7.0M$4.2M100xas long as short
BloFin EWY-USDT+0.0565%8h190.43+0.443%$2K$214K50xas long as short