Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.050%

Price spread now: Ondo Perps against BloFin−0.021%7-day average −0.096% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.021%, 7d avg −0.096%

Together, before fees−0.076%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.075% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.096%. Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EWY-USDT	186.49	−0.0021	get 0.0021% / 8h	6m 09s	$48K	$217K	50x
Short	Ondo Perps EWY-USD.P	186.45	0.0050	get 0.0006% / 1h	6m 09s	$233K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Position, each leg$Hold fordaysFee BloFinbpFee Ondo PerpsbpOrdersPrice spread, now −0.021%Rate

Funding earned: $15.01
Price spread: −0.021% → −0.096%: $7.49
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $5.51
Costs to cover: 0.170%
Break-even: 4.4 days

Slippage unknown: BloFin: live order book, 65 min ago; Ondo Perps: 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 BloFin live order book, 65 min ago	0.53 bp	6.5 bp −$7	6.5 bp −$65	13.8 bp −$1,376	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−3.3808%	1h	186.30	−0.102%	$29K	$13K	20x	as long as short
Bitget EWYUSDT	−0.0597%	8h	186.61	+0.064%	$3.1M	$2.6M	20x	as long as short
Vest EWY-USD-PERP	−0.0026%	1h	185.94	−0.295%	—	$220K	25x	as long as short
BloFin EWY-USDTlong	−0.0021%	8h	186.49	long leg	$48K	$217K	50x
Aster EWYUSDT	0.0000%	8h	186.51	+0.012%	$289K	$13K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	186.46	−0.016%	$237K	$915K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	186.51	+0.008%	$27.0M	$83.2M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	186.54	+0.027%	$4.9M	$4.9M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	186.51	+0.011%	$4.1M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.56	+0.038%	$4.1M	$4.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EWY_USDT	0.0000%	8h	186.50	+0.005%	$7.9M	$4.4M	100x	as long as short
Variational Omni EWY	0.0000%	8h	186.45	−0.021%	$1.1M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	186.48	−0.005%	$731K	$421K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	186.32	−0.091%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.61	+0.064%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	186.53	+0.021%	$1.6M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	186.31	−0.097%	$378K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	186.51	+0.011%	$198K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.36	−0.070%	$6.4M	$14.7M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.33	−0.086%	$141K	$120K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.32	−0.091%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	186.48	−0.005%	$747	$4K	10x	as long as short
Ondo Perps EWY-USD.Pshort	+0.0050%	1h	186.45	−0.021%	$233K	$335K	10x
Coinbase International EWY-PERP-INTX	+0.0056%	1h	186.49	0.000%	$517K	$252K	20x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	186.48	−0.003%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.38	−0.059%	$959K	$601K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.42	−0.038%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	186.48	−0.005%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0179%	1h	186.42	−0.038%	$2K	$14K	20x	as long as short
edgeX EWYUSDC	+0.0939%	4h	186.48	−0.003%	$418K	$285K	20x	as long as short