Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.041%

Price spread now: Aster against Coinbase International−0.171%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.171%, 7d avg +0.071%

Together, before fees+0.208%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.242% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of +0.071%). If the spread goes back, that is −$24 on $10k: about 20 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EWY-PERP-INTX	189.07	0.0088	pay 0.0011% / 1h	48m 27s	$525K	$251K	20x
Short	Aster EWYUSDT	188.75	0.0129	get 0.0129% / 8h	5h 48m	$292K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.171%Rate

Funding earned: $8.57
Price spread: −0.171% → +0.071%: −$24.21
Slippage, 4 orders: −$14.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.24
Costs to cover: 0.326%
Break-even: 46.4 days

Slippage from Coinbase International: live order book, 62 min ago; Aster: live order book, 61 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 Coinbase International live order book, 62 min ago	4.54 bp	9.5 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	2.13 bp	6.1 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit

EWY on 30 exchanges

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	−7.2752%	1h	187.39	−0.889%	$28K	$16K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	188.85	−0.116%	$5.0M	$5.0M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	188.85	−0.116%	$4.0M	$4.9M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.91	−0.085%	$3.1M	$3.1M	20x	as long as short
SunX EWY-USDT	0.0000%	8h	188.67	−0.212%	—	$1.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.03	−0.021%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.74	−0.175%	$383K	$44K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.01	−0.032%	—	$224K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.85	−0.116%	$202K	$167K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.79	−0.148%	$5.9M	$15.5M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:EWY	+0.0050%	1h	188.86	−0.111%	$143K	$118K	25x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.98	−0.048%	$779	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.97	−0.053%	$226K	$315K	10x	as long as short
Paradex EWY-USD-PERP	+0.0055%	8h	188.99	−0.041%	$23	—	5x	as long as short
Polymarket Perps EWY-USD	+0.0067%	1h	189.10	+0.016%	$4K	$6K	20x	as long as short
Coinbase International EWY-PERP-INTXlong	+0.0088%	1h	189.07	long leg	$525K	$251K	20x
Gate EWY_USDT	+0.0099%	8h	188.92	−0.079%	$4.0M	$4.8M	50x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.74	−0.175%	$971K	$701K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.07	0.000%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.99	−0.042%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0121%	1h	188.95	−0.063%	$3K	$12K	20x	as long as short
Aster EWYUSDTshort	+0.0129%	8h	188.75	−0.171%	$292K	$14K	20x
Variational Omni EWY	+0.0180%	8h	188.99	−0.044%	$1.1M	$941K	—	as long as short
Extended EWY_24_5-USD	+0.0216%	1h	188.81	−0.139%	$247K	$935K	10x	as long as short
MEXC EWY_USDT	+0.0216%	8h	188.88	−0.100%	$7.4M	$4.3M	100x	as long as short
Binance EWYUSDT	+0.0221%	8h	188.86	−0.111%	$26.3M	$86.5M	50x	as long as short
BloFin EWY-USDT	+0.0224%	8h	189.01	−0.032%	$48K	$237K	50x	as long as short
HTX EWY-USDT	+0.0385%	8h	189.20	+0.069%	$22K	$36K	20x	as long as short
edgeX EWYUSDC	+0.0493%	4h	189.04	−0.018%	$424K	$290K	20x	as long as short
GRVT EWY_USDT_Perp	+0.0884%	8h	189.15	+0.042%	$742K	$408K	10x	as long as short