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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.040%
Price spread now: KuCoin against Binance−0.004%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$468as in the Funding arb table
Net, price: spread back to 7d avg − costs−$465as in the Price arb table
costs, in and out, $10k−$4714.714% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.004%, 7d avg −0.064%
Together, before fees+0.056%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.060% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance EWYUSDT185.650get 0.0000% / 8h7h 35m$26.9M$82.1M50x
ShortKuCoin EWYUSDTM185.640.0100get 0.0100% / 8h7h 35m$955K$621K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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
$21
Price spread: −0.004% → −0.064%
$6.04
Slippage, 4 orders
−$449.38
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$444.34
Costs to cover
4.714%
Break-even
155.1 days
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 49 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 Binance live order book, 7 min ago0.27 bp5.7 bp −$66.7 bp −$6718.6 bp −$1,860doesn't fit
Sell KuCoin live order book, 49 min ago5.10 bp113.9 bp −$114doesn't fitdoesn'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−0.0522%8h185.70+0.029%$3.1M$2.6M20xas long as short
Hotstuff EWY-PERP−0.0240%1h185.57−0.041%$27K$16K20xas long as short
Vest EWY-USD-PERP−0.0018%1h185.31−0.181%$235K25xas long as short
BloFin EWY-USDT−0.0017%8h185.66+0.007%$48K$219K50xas long as short
Aster EWYUSDT0.0000%8h185.72+0.040%$288K$14K20xas long as short
Extended EWY_24_5-USD0.0000%1h185.60−0.024%$239K$916K10xas long as short
Binance EWYUSDTlong0.0000%8h185.65long leg$26.9M$82.1M50x
OKX EWY-USDT-SWAP0.0000%8h185.64−0.004%$4.1M$4.6M50xas long as short
Gate EWY_USDT0.0000%8h185.71+0.034%$4.1M$4.4M50xas long as short
MEXC EWY_USDT0.0000%8h185.64−0.004%$7.6M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h185.61−0.017%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h185.76+0.062%$728K$421K10xas long as short
SunX EWY-USDT0.0000%8h185.77+0.066%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h185.69+0.023%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h185.66+0.007%$1.6M$37K10xas long as short
Lighter EWY+0.0032%1h185.46−0.100%$376K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h185.65+0.002%$197K$153K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h185.51−0.074%$6.2M$14.9M20xas long as short
Entropy io:EWY+0.0050%1h185.56−0.047%$141K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h185.46−0.100%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h185.63−0.009%$742$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h185.58−0.036%$234K$334K10xas long as short
Paradex EWY-USD-PERP+0.0058%8h185.60−0.027%$225xas long as short
KuCoin EWYUSDTMshort+0.0100%8h185.64−0.004%$955K$621K20x
ApeX Omni EWYUSDT+0.0100%1h185.65+0.002%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h185.67+0.013%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0112%1h185.80+0.083%$515K$250K20xas long as short
Bybit EWYUSDT+0.0127%8h185.69+0.023%$4.9M$4.8M100xas long as short
Deribit EWY_USDC-PERPETUAL+0.0289%1h185.60−0.025%$3K$15K20xas long as short
edgeX EWYUSDC+0.0794%4h185.74+0.051%$416K$285K20xas long as short