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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.047%
Price spread now: Entropy against BloFin−0.091%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$680.679% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.111%+$11 on $10k
Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.091%, 7d avg −0.049%
Together, before fees+0.212%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 0.042% cheaper against BloFin than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.049%). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EWY-USDT187.26−0.0026get 0.0026% / 8h48m 08s$48K$217K50x
ShortEntropy io:EWY187.090.0050get 0.0006% / 1h48m 08s$142K$119K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against BloFin. 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
$15.99
Price spread: −0.091% → −0.049%
−$4.2
Slippage, 4 orders
−$37.92
Fee BloFin: 6 bp × 2 orders
−$12
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$56.14
Costs to cover
0.679%
Break-even
31.6 days
Slippage from BloFin: live order book, 23 min ago; Entropy: live order book, 19 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 BloFin live order book, 23 min ago0.53 bp6.5 bp −$76.5 bp −$6513.8 bp −$1,376doesn't fit
Sell Entropy live order book, 19 min ago9.07 bp30.7 bp −$31128.4 bp −$1,284doesn'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−0.0409%8h187.34+0.043%$2.8M$2.4M20xas long as short
Hotstuff EWY-PERP−0.0296%1h187.14−0.064%$28K$12K20xas long as short
BloFin EWY-USDTlong−0.0026%8h187.26long leg$48K$217K50x
Aster EWYUSDT0.0000%8h187.25−0.005%$290K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.26−0.002%$238K$822K10xas long as short
Binance EWYUSDT0.0000%8h187.29+0.016%$27.3M$82.3M50xas long as short
Bybit EWYUSDT0.0000%8h187.39+0.069%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.260.000%$4.2M$4.5M50xas long as short
Gate EWY_USDT0.0000%8h187.35+0.048%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h187.30+0.021%$8.5M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.06−0.108%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.12−0.075%$739K$417K10xas long as short
SunX EWY-USDT0.0000%8h187.22−0.021%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h187.36+0.053%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.34+0.043%$1.7M$37K10xas long as short
Vest EWY-USD-PERP+0.0010%1h186.87−0.208%$220K25xas long as short
Deribit EWY_USDC-PERPETUAL+0.0017%1h187.25−0.005%$2K$14K20xas long as short
Lighter EWY+0.0032%1h187.15−0.059%$379K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h187.29+0.016%$198K$153K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.14−0.064%$6.2M$14.3M20xas long as short
Entropy io:EWYshort+0.0050%1h187.09−0.091%$142K$119K25x
Polymarket Perps EWY-USD+0.0050%1h187.10−0.085%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h187.28+0.011%$747$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.91−0.187%$223K$332K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h187.01−0.134%$519K$250K20xas long as short
Paradex EWY-USD-PERP+0.0058%8h187.31+0.029%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h187.02−0.128%$963K$600K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.12−0.075%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.29+0.016%$2K$1K20xas long as short
edgeX EWYUSDC+0.0663%4h187.10−0.087%$419K$285K20xas long as short