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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 19:00 UTC−0.0125%/8hpaid last 24h −0.020%
Price spread now: BloFin against Coinbase International+0.159%58s7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$290.289% 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 3 days (all we have)−0.117%−$12 · spread now +0.159%, 7d avg +0.084%
Together, before fees−0.067%−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.075% dearer against Coinbase International than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.084%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 48 hours. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EWY-PERP-INTX189.200.0096pay 0.0012% / 1h21m 31s$525K$327K20x
ShortBloFin EWY-USDT189.50−0.0029pay 0.0029% / 8h4h 21m$48K$211K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$26.34
Price spread: +0.159% → +0.084%
$7.45
Slippage, 4 orders
−$6.87
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$47.76
Costs to cover
0.289%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 11 min ago; BloFin: live order book, 5 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, 11 min ago2.38 bp7.4 bp −$710.7 bp −$107doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago1.06 bp7.1 bp −$77.9 bp −$7912.3 bp −$1,227doesn'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
BloFin EWY-USDTshort−0.0029%8h189.50+0.159%$48K$211K50x
Aster EWYUSDT0.0000%8h189.43+0.121%$294K$11K20xas long as short
Extended EWY_24_5-USD0.0000%1h189.47+0.145%$304K$410K10xas long as short
Binance EWYUSDT0.0000%8h189.52+0.169%$28.4M$73.8M50xas long as short
Bybit EWYUSDT0.0000%8h189.49+0.153%$5.7M$3.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.53+0.174%$4.0M$3.9M50xas long as short
Gate EWY_USDT0.0000%8h189.45+0.132%$3.2M$2.6M50xas long as short
MEXC EWY_USDT0.0000%8h189.48+0.148%$7.7M$4.4M100xas long as short
Bitget EWYUSDT0.0000%8h189.45+0.132%$2.4M$1.2M20xas long as short
Variational Omni EWY0.0000%8h189.20+0.002%$1.4M$869Kas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWY_USDT_Perp0.0000%8h189.42+0.117%$749K$421K10xas long as short
SunX EWY-USDT0.0000%8h189.33+0.069%$2.7M20xas long as short
HTX EWY-USDT0.0000%8h189.52+0.169%$36K$9K20xas long as short
Phemex EWYUSDT0.0000%8h189.41+0.111%$1.7M$36K10xas long as short
Lighter EWY+0.0032%1h189.36+0.085%$376K$97K20xas long as short
Hotstuff EWY-PERP+0.0032%1h189.44+0.127%$28K$12K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.49+0.153%$217K25xas long as short
Popdex EWYUSDT+0.0048%1h189.52+0.169%$194K$138K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.42+0.116%$6.2M$14.0M20xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.29+0.048%$4K$2320xas long as short
SoDEX EWY-USD+0.0050%1h189.41+0.111%$777$3K10xas long as short
Paradex EWY-USD-PERP+0.0050%8h189.50+0.159%$235xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.36+0.085%$223K$168K10xas long as short
Entropy io:EWY+0.0088%1h189.29+0.048%$47K$26K25xas long as short
Coinbase International EWY-PERP-INTXlong+0.0096%1h189.20long leg$525K$327K20x
KuCoin EWYUSDTM+0.0100%8h189.28+0.042%$960K$748K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.26+0.032%$13K$261K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.47+0.143%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0331%1h189.43+0.122%$2K$13K20xas long as short
edgeX EWYUSDC+0.0550%4h189.45+0.132%$424K$273K20xas long as short