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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.109%
Price spread now: OKX against edgeX+0.152%51s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$350.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.868%−$87 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.152%, 7d avg +0.003%
Together, before fees−1.108%+ Points / potential airdropedgeX: Active · farm board−$111 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.148% dearer against edgeX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.868%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC189.500.0083pay 0.0041% / 4h2h 34m$425K$282K20x
ShortOKX EWY-USDT-SWAP189.790.0210get 0.0210% / 8h6h 34m$4.1M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$26.8
Price spread: +0.152% → +0.003%
$14.84
Slippage, 4 orders
−$16.46
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
$6.17
Costs to cover
0.355%
Break-even
5.4 days
Slippage from edgeX: live order book, 34 min ago; OKX: live order book, 3 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, 34 min ago5.25 bp10.2 bp −$1015.1 bp −$151doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago0.26 bp6.0 bp −$611.8 bp −$118doesn'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−0.0128%1h189.65+0.078%$28K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL−0.0066%1h189.62+0.062%$2K$13K20xas long as short
Bybit EWYUSDT0.0000%8h189.77+0.141%$5.1M$4.4M100xas long as short
Gate EWY_USDT0.0000%8h189.75+0.131%$4.0M$3.6M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h189.60+0.050%$749K$385K10xas long as short
SunX EWY-USDT0.0000%8h189.69+0.099%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h189.65+0.078%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h189.70+0.104%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.59+0.046%$384K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.83+0.173%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h189.72+0.115%$197K$146K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h190.28+0.410%$531K$336K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.70+0.104%$6.3M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h189.68+0.094%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.52+0.009%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.67+0.088%$635$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.48−0.012%$212K$250K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h189.72+0.116%$235xas long as short
edgeX EWYUSDClong+0.0083%4h189.50long leg$425K$282K20x
KuCoin EWYUSDTM+0.0100%8h189.60+0.052%$977K$634K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.59+0.046%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.72+0.115%$2K$1K20xas long as short
OKX EWY-USDT-SWAPshort+0.0210%8h189.79+0.152%$4.1M$3.5M50x
Bitget EWYUSDT+0.0232%8h189.74+0.125%$2.8M$1.9M20xas long as short
Aster EWYUSDT+0.0389%8h189.77+0.143%$294K$12K20xas long as short
Variational Omni EWY+0.0472%8h189.67+0.086%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0491%8h189.73+0.120%$28.3M$77.5M50xas long as short
MEXC EWY_USDT+0.0495%8h189.74+0.125%$7.0M$4.2M100xas long as short
Extended EWY_24_5-USD+0.0496%1h189.68+0.094%$302K$670K10xas long as short
BloFin EWY-USDT+0.0565%8h190.43+0.490%$2K$214K50xas long as short