Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.042%

Price spread now: SoDEX against Aster−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.039% cheaper against Aster than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EWYUSDT	186.55	0	get 0.0000% / 8h	9m 42s	$289K	$13K	20x
Short	SoDEX EWY-USD	186.48	0.0050	get 0.0006% / 1h	9m 42s	$749	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee AsterbpFee SoDEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $10.5
Price spread: −0.039% → 0.000%: −$3.91
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.41
Costs to cover: 0.160%
Break-even: 13.3 days

Slippage unknown: Aster: live order book, 27 min ago; SoDEX: no order-book sample. Net counts fees only.

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 Aster live order book, 27 min ago	0.27 bp	4.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−2.4288%	1h	186.41	−0.077%	$29K	$13K	20x	as long as short
Bitget EWYUSDT	−0.0582%	8h	186.59	+0.020%	$3.1M	$2.6M	20x	as long as short
Vest EWY-USD-PERP	−0.0022%	1h	186.02	−0.286%	—	$220K	25x	as long as short
Aster EWYUSDTlong	0.0000%	8h	186.55	long leg	$289K	$13K	20x
Extended EWY_24_5-USD	0.0000%	1h	186.45	−0.058%	$237K	$915K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	186.49	−0.034%	$27.0M	$83.2M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	186.55	−0.002%	$4.9M	$4.9M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	186.53	−0.012%	$4.1M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.58	+0.015%	$4.1M	$4.5M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	186.50	−0.028%	$7.9M	$4.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	186.45	−0.054%	$1.1M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	186.63	+0.039%	$732K	$422K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	186.43	−0.066%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.61	+0.031%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	186.53	−0.012%	$1.6M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0024%	8h	186.50	−0.028%	$48K	$217K	50x	as long as short
Lighter EWY	+0.0032%	1h	186.37	−0.098%	$378K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	186.54	−0.007%	$198K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.36	−0.103%	$6.4M	$14.7M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.39	−0.087%	$141K	$120K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.37	−0.098%	$4K	$141	20x	as long as short
SoDEX EWY-USDshort	+0.0050%	1h	186.48	−0.039%	$749	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	186.45	−0.055%	$233K	$335K	10x	as long as short
Coinbase International EWY-PERP-INTX	+0.0056%	1h	186.49	−0.034%	$517K	$255K	20x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	186.53	−0.014%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.42	−0.071%	$959K	$601K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.56	+0.004%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	186.45	−0.055%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0555%	1h	186.44	−0.061%	$2K	$14K	20x	as long as short
edgeX EWYUSDC	+0.0931%	4h	186.56	+0.003%	$418K	$290K	20x	as long as short