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+0.0119%/8h= +13.0% APRpaid last 24h +0.177%
Price spread now: edgeX against Entropy+0.118%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.118% dearer against Entropy than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:EWY189.710.0050pay 0.0006% / 1h43m 00s$30K$64K25x
ShortedgeX EWYUSDC189.930.0169get 0.0084% / 4h3h 43m$426K$285K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Entropy. 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
$24.94
Price spread: +0.118% → 0.000%
$11.83
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$9.77
Costs to cover
0.270%
Break-even
4.3 days
Slippage unknown: Entropy: no order-book sample; edgeX: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy no order-book sample
Sell edgeX live order book, 10 min ago5.26 bp10.2 bp −$1014.0 bp −$140doesn't fitdoesn't fit
Entropy: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster EWYUSDT0.0000%8h189.83+0.062%$294K$12K20xas long as short
Bybit EWYUSDT0.0000%8h189.84+0.069%$5.1M$4.2M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h189.70−0.005%$4.1M$3.3M50xas long as short
Gate EWY_USDT0.0000%8h189.81+0.053%$4.2M$3.8M50xas long as short
Bitget EWYUSDT0.0000%8h189.88+0.090%$2.7M$2.2M20xas long as short
Variational Omni EWY0.0000%8h189.81+0.054%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h189.68−0.014%$750K$397K10xas long as short
SunX EWY-USDT0.0000%8h189.69−0.011%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.08+0.195%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h189.82+0.058%$1.7M$37K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EWY-USDT+0.0015%8h189.82+0.058%$47K$213K50xas long as short
Binance EWYUSDT+0.0032%8h189.82+0.058%$27.7M$76.5M50xas long as short
Lighter EWY+0.0032%1h189.64−0.037%$384K$39K20xas long as short
Extended EWY_24_5-USD+0.0032%1h189.76+0.026%$301K$670K10xas long as short
MEXC EWY_USDT+0.0035%8h189.82+0.058%$6.2M$3.8M100xas long as short
Vest EWY-USD-PERP+0.0046%1h189.77+0.032%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.80+0.047%$198K$147K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h189.83+0.063%$530K$292K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.74+0.016%$6.1M$14.4M20xas long as short
Entropy io:EWYlong+0.0050%1h189.71long leg$30K$64K25x
Polymarket Perps EWY-USD+0.0050%1h189.60−0.058%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.73+0.011%$749$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.710.000%$198K$267K10xas long as short
Paradex EWY-USD-PERP+0.0054%8h189.75+0.023%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h189.74+0.016%$977K$612K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.70−0.005%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.77+0.032%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0119%1h189.73+0.011%$2K$13K20xas long as short
edgeX EWYUSDCshort+0.0169%4h189.93+0.118%$426K$285K20x
Hotstuff EWY-PERP+0.0240%1h189.63−0.042%$28K$12K20xas long as short