Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0883%/8h= +96.6% APRpaid last 24h +0.183%

Price spread now: edgeX against Coinbase International−0.003%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs+$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.929%+$93 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.003%, 7d avg +0.063%

Together, before fees+0.982%+ Points / potential airdropedgeX: Active · farm board+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.066% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.063%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EWY-PERP-INTX	186.49	0.0056	pay 0.0007% / 1h	9m 07s	$517K	$252K	20x
Short	edgeX EWYUSDC	186.48	0.0939	get 0.0469% / 4h	9m 07s	$418K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $185.35
Price spread: −0.003% → +0.063%: −$6.64
Slippage, 4 orders: −$13.01
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $146.7
Costs to cover: 0.320%
Break-even: 1.5 days

Slippage from Coinbase International: live order book, 29 min ago; edgeX: live order book, 29 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, 29 min ago	0.54 bp	5.8 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell edgeX live order book, 29 min ago	5.08 bp	10.1 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit

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	−2.4288%	1h	186.41	−0.043%	$29K	$13K	20x	as long as short
Bitget EWYUSDT	−0.0582%	8h	186.59	+0.054%	$3.1M	$2.6M	20x	as long as short
Vest EWY-USD-PERP	−0.0022%	1h	186.05	−0.236%	—	$220K	25x	as long as short
Aster EWYUSDT	0.0000%	8h	186.50	+0.006%	$289K	$13K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	186.46	−0.018%	$237K	$915K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	186.48	−0.005%	$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	186.50	+0.005%	$4.1M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.54	+0.027%	$4.1M	$4.5M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	186.48	−0.005%	$7.9M	$4.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
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	186.37	−0.064%	—	$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	186.51	+0.011%	$1.6M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0004%	8h	186.50	+0.005%	$48K	$217K	50x	as long as short
Lighter EWY	+0.0032%	1h	186.30	−0.102%	$378K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	186.49	0.000%	$198K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.35	−0.075%	$6.4M	$14.7M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.39	−0.054%	$141K	$120K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.35	−0.075%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	186.47	−0.011%	$746	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	186.45	−0.021%	$233K	$335K	10x	as long as short
Coinbase International EWY-PERP-INTXlong	+0.0056%	1h	186.49	long leg	$517K	$252K	20x
Paradex EWY-USD-PERP	+0.0059%	8h	186.53	+0.020%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.38	−0.059%	$959K	$600K	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	+0.0233%	1h	186.42	−0.038%	$2K	$14K	20x	as long as short
edgeX EWYUSDCshort	+0.0939%	4h	186.48	−0.003%	$418K	$285K	20x