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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.012%
Price spread now: Orderly against Bybit−0.122%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.122% cheaper against Bybit than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EWYUSDT187.930get 0.0000% / 8h2h 24m$4.9M$4.6M100x
ShortOrderly PERP_EWY_USDC_mythos187.700.0100get 0.0100% / 8h2h 24m$2K$1K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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: −0.122% → 0.000%
−$12.24
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$8.24
Costs to cover
0.170%
Break-even
9.7 days
Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.53 bp8.4 bp −$810.7 bp −$107doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−0.0320%1h187.63−0.160%$28K$12K20xas long as short
Bitget EWYUSDT−0.0079%8h187.98+0.027%$2.7M$2.3M20xas long as short
BloFin EWY-USDT−0.0025%8h187.78−0.080%$48K$215K50xas long as short
Aster EWYUSDT0.0000%8h187.81−0.062%$291K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.86−0.035%$230K$491K10xas long as short
Binance EWYUSDT0.0000%8h187.93+0.002%$27.2M$80.0M50xas long as short
Bybit EWYUSDTlong0.0000%8h187.93long leg$4.9M$4.6M100x
OKX EWY-USDT-SWAP0.0000%8h187.88−0.027%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h187.94+0.005%$4.1M$4.1M50xas long as short
MEXC EWY_USDT0.0000%8h187.98+0.027%$7.5M$4.0M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.64−0.152%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.89−0.020%$743K$415K10xas long as short
SunX EWY-USDT0.0000%8h187.60−0.176%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h187.60−0.176%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.930.000%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h187.80−0.069%$381K$40K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h187.35−0.309%$521K$276K20xas long as short
Vest EWY-USD-PERP+0.0046%1h187.55−0.202%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h187.84−0.048%$197K$148K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.81−0.064%$6.3M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h187.58−0.186%$87K$93K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.68−0.133%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.79−0.074%$732$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.79−0.074%$214K$316K10xas long as short
Paradex EWY-USD-PERP+0.0054%8h187.71−0.116%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h187.69−0.128%$967K$603K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.57−0.192%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythosshort+0.0100%8h187.70−0.122%$2K$1K20x
edgeX EWYUSDC+0.0448%4h187.35−0.308%$420K$284K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0549%1h187.99+0.032%$2K$14K20xas long as short