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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.045%
Price spread now: Coinbase International against Aster−0.029%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$330.328% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.029%, 7d avg −0.072%
Together, before fees−0.019%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.042% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster EWYUSDT187.660get 0.0000% / 8h1h 19m$291K$12K20x
ShortCoinbase International EWY-PERP-INTX187.600.0048get 0.0006% / 1h19m 45s$521K$272K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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
$10.08
Price spread: −0.029% → −0.072%
$4.24
Slippage, 4 orders
−$14.79
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$18.47
Costs to cover
0.328%
Break-even
19.8 days
Slippage from Aster: live order book, 22 min ago; Coinbase International: live order book, 23 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 Aster live order book, 22 min ago1.86 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 23 min ago3.99 bp10.9 bp −$1115.4 bp −$154doesn'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
Bitget EWYUSDT−0.0250%8h187.67+0.008%$2.7M$2.3M20xas long as short
BloFin EWY-USDT−0.0008%8h187.76+0.056%$48K$216K50xas long as short
Aster EWYUSDTlong0.0000%8h187.66long leg$291K$12K20x
Extended EWY_24_5-USD0.0000%1h187.56−0.048%$239K$501K10xas long as short
Binance EWYUSDT0.0000%8h187.64−0.008%$27.1M$81.6M50xas long as short
Bybit EWYUSDT0.0000%8h187.69+0.019%$5.0M$4.8M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.58−0.040%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h187.65−0.003%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h187.64−0.008%$8.5M$4.5M100xas long as short
Variational Omni EWY0.0000%8h187.60−0.028%$1.2M$1.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWY_USDT_Perp0.0000%8h187.73+0.038%$742K$420K10xas long as short
SunX EWY-USDT0.0000%8h187.56−0.051%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h187.66+0.003%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.66+0.003%$1.7M$36K10xas long as short
Lighter EWY+0.0032%1h187.48−0.093%$380K$40K20xas long as short
Vest EWY-USD-PERP+0.0042%1h187.40−0.136%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h187.70+0.024%$197K$152K20xas long as short
Coinbase International EWY-PERP-INTXshort+0.0048%1h187.60−0.029%$521K$272K20x
tradeXYZ xyz:EWY+0.0050%1h187.51−0.077%$6.3M$14.2M20xas long as short
Entropy io:EWY+0.0050%1h187.57−0.045%$142K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.50−0.083%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.62−0.019%$753$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.45−0.109%$223K$325K10xas long as short
Paradex EWY-USD-PERP+0.0059%8h187.63−0.013%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h187.46−0.104%$964K$594K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.67+0.008%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.66+0.003%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0177%1h187.60−0.029%$2K$14K20xas long as short
Hotstuff EWY-PERP+0.0344%1h187.54−0.061%$28K$12K20xas long as short
edgeX EWYUSDC+0.0510%4h187.78+0.064%$421K$285K20xas long as short