Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.029%

Price spread now: ApeX Omni against Bitget+0.105%53s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as 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−$970.972% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.105%, 7d avg −0.023%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.129% dearer against Bitget than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.023%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.151%, so the current rate has only just turned against you. The two prices were read 53 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	Bitget EWYUSDT	189.68	0.0224	pay 0.0224% / 8h	14m 38s	$2.6M	$1.5M	20x
Short	ApeX Omni EWYUSDT	189.88	0.0100	get 0.0013% / 1h	14m 38s	$13K	$262K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.105%Rate

Funding earned: −$26.04
Price spread: +0.105% → −0.023%: $12.89
Slippage, 4 orders: −$75.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$110.34
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 62 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 Bitget live order book, 3 min ago	0.79 bp	9.1 bp −$9	14.3 bp −$143	20.6 bp −$2,065	61.4 bp −$30.7K
Sell ApeX Omni live order book, 62 min ago	28.29 bp	38.9 bp −$39	195.5 bp −$1,955	doesn't fit	doesn't fit

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
Gate EWY_USDT	0.0000%	8h	189.79	+0.058%	$3.6M	$3.1M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.52	−0.084%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.84	+0.084%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.57	−0.058%	$377K	$62K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.92	+0.127%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.83	+0.079%	$195K	$138K	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.64	−0.021%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.70	+0.011%	$4K	$81	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.83	+0.079%	$775	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.65	−0.016%	$243K	$199K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EWYUSDTM	+0.0100%	8h	189.75	+0.037%	$967K	$687K	20x	as long as short
ApeX Omni EWYUSDTshort	+0.0100%	1h	189.88	+0.105%	$13K	$262K	50x
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.82	+0.074%	$2K	$1K	20x	as long as short
Paradex EWY-USD-PERP	+0.0134%	8h	189.82	+0.076%	$23	—	5x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.88	+0.105%	$527K	$341K	20x	as long as short
tradeXYZ xyz:EWY	+0.0146%	1h	189.66	−0.011%	$6.7M	$14.7M	20x	as long as short
Bybit EWYUSDT	+0.0171%	8h	189.74	+0.032%	$5.3M	$4.1M	100x	as long as short
Bitget EWYUSDTlong	+0.0224%	8h	189.68	long leg	$2.6M	$1.5M	20x
HTX EWY-USDT	+0.0225%	8h	189.99	+0.163%	$36K	$8K	20x	as long as short
Hotstuff EWY-PERP	+0.0288%	1h	189.78	+0.053%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0326%	8h	189.74	+0.032%	$4.0M	$4.0M	50x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0330%	1h	189.88	+0.105%	$2K	$13K	20x	as long as short
Aster EWYUSDT	+0.0566%	8h	189.66	−0.008%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0661%	8h	189.82	+0.072%	$1.5M	$972K	—	as long as short
GRVT EWY_USDT_Perp	+0.0661%	8h	189.90	+0.118%	$751K	$395K	10x	as long as short
BloFin EWY-USDT	+0.0674%	8h	189.83	+0.079%	$47K	$214K	50x	as long as short
MEXC EWY_USDT	+0.0692%	8h	189.67	−0.005%	$7.5M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0694%	8h	189.61	−0.037%	$28.5M	$79.1M	50x	as long as short
Extended EWY_24_5-USD	+0.0696%	1h	189.72	+0.024%	$298K	$396K	10x	as long as short
edgeX EWYUSDC	+0.0771%	4h	189.89	+0.109%	$425K	$276K	20x	as long as short