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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0469%/8h= −51.3% APRpaid last 24h −0.056%
Price spread now: Bybit against edgeX−0.003%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.838%−$84 on $10k
Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.003%, 7d avg +0.025%
Together, before fees−0.815%+ Points / potential airdropedgeX: Active · farm board−$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.028% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC189.670.0613pay 0.0307% / 4h41m 26s$425K$276K20x
ShortBybit EWYUSDT189.660.0145get 0.0145% / 8h41m 26s$5.3M$4.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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
−$98.43
Price spread: −0.003% → +0.025%
−$2.77
Slippage, 4 orders
−$15.96
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$137.17
Costs to cover
0.360%
Break-even
never at this rate
Slippage from edgeX: live order book, 37 min ago; Bybit: live order book, 1 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 edgeX live order book, 37 min ago5.55 bp10.3 bp −$1015.0 bp −$150doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago0.26 bp8.2 bp −$812.3 bp −$123doesn'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
Gate EWY_USDT0.0000%8h189.55−0.061%$3.2M$2.7M50xas long as short
SunX EWY-USDT0.0000%8h189.36−0.161%$2.7M20xas long as short
Phemex EWYUSDT0.0000%8h189.57−0.050%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.43−0.124%$377K$62K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.60−0.035%$217K25xas long as short
Entropy io:EWY+0.0050%1h189.48−0.098%$51K$59K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.43−0.124%$4K$7420xas long as short
SoDEX EWY-USD+0.0050%1h189.58−0.045%$778$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.49−0.093%$230K$193K10xas long as short
Popdex EWYUSDT+0.0088%1h189.59−0.040%$195K$138K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EWYUSDTM+0.0100%8h189.54−0.066%$965K$706K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.41−0.135%$13K$262K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.59−0.040%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.58−0.045%$527K$340K20xas long as short
Bybit EWYUSDTshort+0.0145%8h189.66−0.003%$5.3M$4.2M100x
Paradex EWY-USD-PERP+0.0150%8h189.68+0.007%$235xas long as short
tradeXYZ xyz:EWY+0.0172%1h189.57−0.050%$6.3M$14.8M20xas long as short
Bitget EWYUSDT+0.0205%8h189.63−0.019%$2.6M$1.6M20xas long as short
HTX EWY-USDT+0.0210%8h189.67+0.002%$36K$8K20xas long as short
Hotstuff EWY-PERP+0.0240%1h189.56−0.056%$28K$12K20xas long as short
OKX EWY-USDT-SWAP+0.0294%8h189.67+0.002%$4.0M$4.1M50xas long as short
Aster EWYUSDT+0.0523%8h189.50−0.090%$294K$12K20xas long as short
Variational Omni EWY+0.0600%8h189.67+0.003%$1.5M$983Kas long as short
edgeX EWYUSDClong+0.0613%4h189.67long leg$425K$276K20x
BloFin EWY-USDT+0.0623%8h189.61−0.029%$47K$214K50xas long as short
MEXC EWY_USDT+0.0639%8h189.58−0.045%$7.5M$4.5M100xas long as short
Extended EWY_24_5-USD+0.0640%1h189.53−0.074%$304K$392K10xas long as short
Binance EWYUSDT+0.0642%8h189.57−0.049%$28.5M$80.0M50xas long as short
GRVT EWY_USDT_Perp+0.0646%8h189.59−0.040%$750K$399K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0647%1h189.61−0.029%$2K$13K20xas long as short