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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.017%
Price spread now: ApeX Omni against Coinbase International−0.038%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$860.864% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.038%, 7d avg +0.056%
Together, before fees+0.116%+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.093% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.056%). If the spread goes back, that is −$9 on $10k: about 7.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EWY-PERP-INTX186.490.0056pay 0.0007% / 1h7m 20s$517K$252K20x
ShortApeX Omni EWYUSDT186.420.0100get 0.0013% / 1h7m 20s$13K$264K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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
$9.24
Price spread: −0.038% → +0.056%
−$9.35
Slippage, 4 orders
−$66.37
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$86.48
Costs to cover
0.864%
Break-even
72.5 days
Slippage from Coinbase International: live order book, 31 min ago; ApeX Omni: live order book, 30 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 Coinbase International live order book, 31 min ago0.54 bp5.8 bp −$69.7 bp −$97doesn't fitdoesn't fit
Sell ApeX Omni live order book, 30 min ago26.47 bp37.2 bp −$37199.6 bp −$1,996doesn'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
Hotstuff EWY-PERP−3.3808%1h186.37−0.064%$29K$13K20xas long as short
Bitget EWYUSDT−0.0592%8h186.59+0.054%$3.1M$2.6M20xas long as short
Vest EWY-USD-PERP−0.0025%1h185.91−0.311%$220K25xas long as short
BloFin EWY-USDT−0.0021%8h186.490.000%$48K$217K50xas long as short
Aster EWYUSDT0.0000%8h186.47−0.009%$289K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.42−0.038%$237K$915K10xas long as short
Binance EWYUSDT0.0000%8h186.46−0.015%$27.0M$83.3M50xas long as short
Bybit EWYUSDT0.0000%8h186.50+0.005%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.43−0.032%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.51+0.011%$4.1M$4.5M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EWY_USDT0.0000%8h186.46−0.016%$7.9M$4.4M100xas long as short
Variational Omni EWY0.0000%8h186.45−0.021%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h186.48−0.005%$731K$421K10xas long as short
SunX EWY-USDT0.0000%8h186.36−0.070%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h186.61+0.064%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.50+0.005%$1.6M$37K10xas long as short
Lighter EWY+0.0032%1h186.30−0.102%$378K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.50+0.005%$198K$154K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.29−0.107%$6.4M$14.7M20xas long as short
Entropy io:EWY+0.0050%1h186.33−0.086%$141K$120K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.28−0.113%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.46−0.016%$746$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.45−0.021%$233K$335K10xas long as short
Coinbase International EWY-PERP-INTXlong+0.0056%1h186.49long leg$517K$252K20x
Paradex EWY-USD-PERP+0.0059%8h186.43−0.033%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.34−0.080%$959K$601K20xas long as short
ApeX Omni EWYUSDTshort+0.0100%1h186.42−0.038%$13K$264K50x
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.45−0.021%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0179%1h186.42−0.038%$2K$14K20xas long as short
edgeX EWYUSDC+0.0939%4h186.48−0.003%$418K$285K20xas long as short