Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni+0.005%81s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.076% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.005%, 7d avg +0.026%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.021% cheaper against ApeX Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EWYUSDT	187.92	0.0100	pay 0.0013% / 1h	43m 57s	$13K	$265K	50x
Short	Gate EWY_USDT	187.93	0	get 0.0000% / 8h	1h 43m	$4.0M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.005%Rate

Funding earned: −$21
Price spread: +0.005% → +0.026%: −$2.08
Slippage, 4 orders: −$82.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.69
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Gate: live order book, 4 min ago.

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, 63 min ago	28.31 bp	39.3 bp −$39	209.3 bp −$2,093	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.39 bp	15.2 bp −$15	31.8 bp −$318	47.1 bp −$4,713	79.4 bp −$39.7K

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
Hotstuff EWY-PERP	−0.0144%	1h	187.79	−0.069%	$28K	$12K	20x	as long as short
Bitget EWYUSDT	−0.0131%	8h	187.94	+0.011%	$2.7M	$2.3M	20x	as long as short
Aster EWYUSDT	0.0000%	8h	187.93	+0.005%	$291K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.83	−0.046%	$239K	$498K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.91	−0.005%	$27.2M	$81.9M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.94	+0.011%	$5.0M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.81	−0.059%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDTshort	0.0000%	8h	187.93	+0.005%	$4.0M	$4.3M	50x
MEXC EWY_USDT	0.0000%	8h	187.86	−0.032%	$8.6M	$4.5M	100x	as long as short
Variational Omni EWY	0.0000%	8h	187.89	−0.015%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	188.07	+0.080%	$744K	$425K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.90	−0.011%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	187.88	−0.021%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	188.25	+0.176%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.89	−0.016%	$1.7M	$36K	10x	as long as short
BloFin EWY-USDT	+0.0021%	8h	188.04	+0.064%	$48K	$216K	50x	as long as short
Lighter EWY	+0.0032%	1h	187.80	−0.064%	$381K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	187.74	−0.096%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.99	+0.037%	$197K	$151K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	187.85	−0.037%	$522K	$273K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.79	−0.069%	$6.4M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.91	−0.005%	$143K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.82	−0.053%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.84	−0.043%	$753	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.75	−0.090%	$212K	$317K	10x	as long as short
Paradex EWY-USD-PERP	+0.0060%	8h	188.00	+0.042%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.75	−0.090%	$967K	$597K	20x	as long as short
ApeX Omni EWYUSDTlong	+0.0100%	1h	187.92	long leg	$13K	$265K	50x
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.93	+0.005%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0535%	4h	187.98	+0.033%	$421K	$286K	20x	as long as short