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−0.0052%/8h= −5.7% APRnext payment $0.07 per $10,000 · paid last 24h −0.014%
Price spread now: Popdex against ApeX Omni−0.073%57s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$940.939% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.049%−$5 on $10k
Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.073%, 7d avg +0.021%
Together, before fees+0.063%+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Popdex is 0.094% cheaper against ApeX Omni than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EWYUSDT190.480.0100pay 0.0013% / 1h56m 24s$13K$264K50x
ShortPopdex EWYUSDT190.340.0048get 0.0006% / 1h56m 24s$196K$141K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$10.92
Price spread: −0.073% → +0.021%
−$9.43
Slippage, 4 orders
−$77.51
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$114.27
Costs to cover
0.939%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 10 min ago; Popdex: live order book, 12 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, 10 min ago28.60 bp40.3 bp −$40194.9 bp −$1,949doesn't fitdoesn't fit
Sell Popdex live order book, 12 min ago0.52 bp5.9 bp −$615.1 bp −$151doesn'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
Bybit EWYUSDT0.0000%8h190.39−0.047%$5.2M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h190.41−0.037%$4.0M$3.5M50xas long as short
SunX EWY-USDT0.0000%8h190.37−0.058%$2.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.33−0.079%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.53+0.026%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h190.34−0.073%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.22−0.136%$386K$34K20xas long as short
GRVT EWY_USDT_Perp+0.0038%8h190.62+0.075%$754K$380K10xas long as short
Vest EWY-USD-PERP+0.0046%1h190.60+0.063%$220K25xas long as short
Popdex EWYUSDTshort+0.0048%1h190.34−0.073%$196K$141K20x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International EWY-PERP-INTX+0.0048%1h190.43−0.026%$531K$340K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.31−0.089%$6.2M$14.5M20xas long as short
Entropy io:EWY+0.0050%1h190.37−0.058%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.19−0.152%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.32−0.084%$547$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.51+0.016%$229K$235K10xas long as short
Paradex EWY-USD-PERP+0.0067%8h190.34−0.072%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.38−0.052%$981K$642K20xas long as short
ApeX Omni EWYUSDTlong+0.0100%1h190.48long leg$13K$264K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.41−0.037%$2K$1K20xas long as short
OKX EWY-USDT-SWAP+0.0260%8h190.40−0.042%$4.2M$3.5M50xas long as short
Hotstuff EWY-PERP+0.0408%1h190.32−0.084%$29K$12K20xas long as short
edgeX EWYUSDC+0.0429%4h190.54+0.031%$427K$281K20xas long as short
Bitget EWYUSDT+0.0439%8h190.40−0.042%$2.8M$1.6M20xas long as short
Aster EWYUSDT+0.0460%8h190.46−0.012%$295K$12K20xas long as short
Variational Omni EWY+0.0566%8h190.51+0.017%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0580%8h190.37−0.058%$28.5M$77.3M50xas long as short
Extended EWY_24_5-USD+0.0584%1h190.36−0.065%$304K$670K10xas long as short
MEXC EWY_USDT+0.0586%8h190.38−0.052%$7.0M$4.1M100xas long as short
BloFin EWY-USDT+0.0590%8h190.42−0.031%$2K$214K50xas long as short