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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment $0.05 per $10,000 · paid last 24h +0.039%
Price spread now: Extended against Coinbase International+0.105%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$250.248% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.105%, 7d avg +0.050%
Together, before fees−0.080%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.055% dearer against Coinbase International than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.050%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.024% in total) that is about 16 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EWY-PERP-INTX187.350.0040pay 0.0005% / 1h26m 28s$521K$276K20x
ShortExtended EWY_24_5-USD187.550get 0.0000% / 1h26m 28s$230K$491K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$8.4
Price spread: +0.105% → +0.050%
$5.53
Slippage, 4 orders
−$9.81
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$27.68
Costs to cover
0.248%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 22 min ago; Extended: live order book, 21 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, 22 min ago3.97 bp9.0 bp −$912.4 bp −$124doesn't fitdoesn't fit
Sell Extended live order book, 21 min ago0.03 bp2.9 bp −$37.0 bp −$70doesn'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−0.0136%1h187.36+0.005%$28K$12K20xas long as short
Bitget EWYUSDT−0.0052%8h187.70+0.187%$2.7M$2.3M20xas long as short
BloFin EWY-USDT−0.0016%8h187.57+0.117%$48K$215K50xas long as short
Aster EWYUSDT0.0000%8h187.56+0.114%$291K$12K20xas long as short
Extended EWY_24_5-USDshort0.0000%1h187.55+0.105%$230K$491K10x
Binance EWYUSDT0.0000%8h187.63+0.149%$27.2M$79.7M50xas long as short
Bybit EWYUSDT0.0000%8h187.59+0.128%$4.9M$4.5M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.54+0.101%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h187.61+0.139%$4.1M$4.1M50xas long as short
MEXC EWY_USDT0.0000%8h187.62+0.144%$6.8M$3.9M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.79+0.233%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.89+0.290%$743K$415K10xas long as short
SunX EWY-USDT0.0000%8h187.31−0.021%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h187.33−0.011%$2K$14K20xas long as short
HTX EWY-USDT0.0000%8h187.85+0.267%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.60+0.133%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h187.43+0.043%$380K$40K20xas long as short
Coinbase International EWY-PERP-INTXlong+0.0040%1h187.35long leg$521K$276K20x
Vest EWY-USD-PERP+0.0046%1h187.350.000%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h187.63+0.149%$196K$148K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.56+0.112%$6.3M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h187.48+0.069%$87K$93K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.48+0.069%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.40+0.027%$731$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.81+0.246%$214K$316K10xas long as short
Paradex EWY-USD-PERP+0.0053%8h187.65+0.158%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h187.48+0.069%$966K$604K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.68+0.176%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.41+0.032%$2K$1K20xas long as short
edgeX EWYUSDC+0.0248%4h187.88+0.281%$421K$283K20xas long as short