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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0373%/8h= −40.8% APRpaid last 24h −0.192%
Price spread now: Popdex against edgeX−0.011%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.690%−$69 on $10k
Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.011%, 7d avg +0.016%
Together, before fees−0.683%+ Points / potential airdropedgeX: Active · farm board−$68 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Popdex is 0.027% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EWYUSDC188.290.0421pay 0.0210% / 4h1h 26m$422K$288K20x
ShortPopdex EWYUSDT188.270.0048get 0.0006% / 1h26m 54s$201K$166K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$78.3
Price spread: −0.011% → +0.016%
−$2.66
Slippage, 4 orders
−$15.45
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$111.8
Costs to cover
0.308%
Break-even
never at this rate
Slippage from edgeX: live order book, 20 min ago; Popdex: live order book, 20 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, 20 min ago5.57 bp10.3 bp −$1015.2 bp −$152doesn't fitdoesn't fit
Sell Popdex live order book, 20 min ago1.06 bp5.2 bp −$511.2 bp −$112doesn't fitdoesn't fit

EWY on 30 exchanges

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−8.0000%1h188.14−0.080%$28K$16K20xas long as short
Bybit EWYUSDT0.0000%8h188.25−0.021%$5.0M$5.0M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h188.23−0.032%$4.0M$4.9M50xas long as short
Bitget EWYUSDT0.0000%8h188.290.000%$3.1M$3.1M20xas long as short
SunX EWY-USDT0.0000%8h187.94−0.186%$1.7M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h188.18−0.058%$3K$12K20xas long as short
Phemex EWYUSDT0.0000%8h188.28−0.005%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h188.11−0.096%$381K$44K20xas long as short
Vest EWY-USD-PERP+0.0046%1h188.25−0.021%$224K25xas long as short
Popdex EWYUSDTshort+0.0048%1h188.27−0.011%$201K$166K20x
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h188.14−0.080%$5.9M$15.5M20xas long as short
Entropy io:EWY+0.0050%1h188.20−0.048%$143K$118K25xas long as short
SoDEX EWY-USD+0.0050%1h188.23−0.032%$779$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h188.20−0.048%$225K$315K10xas long as short
Paradex EWY-USD-PERP+0.0056%8h188.39+0.053%$235xas long as short
Gate EWY_USDT+0.0070%8h188.290.000%$4.0M$4.8M50xas long as short
Coinbase International EWY-PERP-INTX+0.0088%1h188.19−0.053%$524K$255K20xas long as short
KuCoin EWYUSDTM+0.0100%8h188.11−0.096%$968K$720K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h188.05−0.127%$13K$266K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.24−0.027%$2K$1K20xas long as short
Polymarket Perps EWY-USD+0.0185%1h188.40+0.058%$4K$7K20xas long as short
Aster EWYUSDT+0.0241%8h188.14−0.082%$291K$14K20xas long as short
Variational Omni EWY+0.0289%8h188.24−0.026%$1.1M$941Kas long as short
BloFin EWY-USDT+0.0301%8h188.23−0.032%$48K$241K50xas long as short
MEXC EWY_USDT+0.0328%8h188.27−0.011%$7.4M$4.4M100xas long as short
Binance EWYUSDT+0.0333%8h188.27−0.012%$26.1M$86.6M50xas long as short
Extended EWY_24_5-USD+0.0336%1h188.20−0.046%$247K$935K10xas long as short
edgeX EWYUSDClong+0.0421%4h188.29long leg$422K$288K20x
HTX EWY-USDT+0.0506%8h188.290.000%$22K$36K20xas long as short
GRVT EWY_USDT_Perp+0.0982%8h188.28−0.004%$738K$412K10xas long as short