Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.179%

Price spread now: Coinbase International against edgeX+0.026%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.892%−$89 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.026%, 7d avg −0.067%

Together, before fees−0.965%+ Points / potential airdropedgeX: Active · farm board−$97 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.093% dearer against edgeX than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.067%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWYUSDC	190.52	0.0428	pay 0.0214% / 4h	37m 25s	$427K	$283K	20x
Short	Coinbase International EWY-PERP-INTX	190.57	0.0040	get 0.0005% / 1h	37m 25s	$531K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$81.44
Price spread: +0.026% → −0.067%: $9.27
Slippage, 4 orders: −$15.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$106.36
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from edgeX: live order book, 21 min ago; Coinbase International: live order book, 21 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 edgeX live order book, 21 min ago	5.25 bp	10.1 bp −$10	14.7 bp −$147	doesn't fit	doesn't fit
Sell Coinbase International live order book, 21 min ago	0.26 bp	7.8 bp −$8	13.3 bp −$133	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
Bybit EWYUSDT	0.0000%	8h	190.59	+0.036%	$5.2M	$4.2M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.63	+0.057%	$4.2M	$3.8M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.69	+0.089%	$754K	$394K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.59	+0.036%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.52	0.000%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.72	+0.105%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.57	+0.026%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.41	−0.058%	$386K	$39K	20x	as long as short
Coinbase International EWY-PERP-INTXshort	+0.0040%	1h	190.57	+0.026%	$531K	$305K	20x
Bitget EWYUSDT	+0.0043%	8h	190.60	+0.042%	$2.7M	$2.0M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EWY-USD-PERP	+0.0046%	1h	190.74	+0.115%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.58	+0.031%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.50	−0.011%	$6.2M	$13.9M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.43	−0.048%	$46K	$59K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.41	−0.058%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.56	+0.021%	$751	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.60	+0.042%	$201K	$268K	10x	as long as short
Paradex EWY-USD-PERP	+0.0053%	8h	190.55	+0.017%	$23	—	5x	as long as short
OKX EWY-USDT-SWAP	+0.0059%	8h	190.61	+0.047%	$4.1M	$3.3M	50x	as long as short
Aster EWYUSDT	+0.0080%	8h	190.55	+0.015%	$295K	$12K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.44	−0.042%	$982K	$623K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.54	+0.010%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.56	+0.021%	$2K	$1K	20x	as long as short
Variational Omni EWY	+0.0123%	8h	190.65	+0.068%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0152%	1h	190.53	+0.003%	$301K	$669K	10x	as long as short
Binance EWYUSDT	+0.0152%	8h	190.55	+0.016%	$28.4M	$76.5M	50x	as long as short
MEXC EWY_USDT	+0.0155%	8h	190.58	+0.031%	$6.5M	$3.9M	100x	as long as short
BloFin EWY-USDT	+0.0179%	8h	190.57	+0.026%	$48K	$214K	50x	as long as short
Hotstuff EWY-PERP	+0.0280%	1h	190.46	−0.032%	$29K	$12K	20x	as long as short
edgeX EWYUSDClong	+0.0428%	4h	190.52	long leg	$427K	$283K	20x