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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.001%
Price spread now: Paradex against Entropy+0.086%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.086% dearer against Entropy than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:EWY190.380.0050pay 0.0006% / 1h23m 04s$52K$57K25x
ShortParadex EWY-USD-PERP190.540.0081get 0.0081% / 8h7h 23m$235x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$6.45
Price spread: +0.086% → 0.000%
$8.62
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$6.93
Costs to cover
0.220%
Break-even
14.5 days
Slippage unknown: Entropy: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample
Entropy and Paradex: 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
Bybit EWYUSDT0.0000%8h190.71+0.173%$5.3M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.70+0.168%$4.1M$3.3M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.76+0.201%$755K$375K10xas long as short
SunX EWY-USDT0.0000%8h190.50+0.063%$2.6M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h190.57+0.100%$2K$13K20xas long as short
HTX EWY-USDT0.0000%8h190.80+0.221%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h190.70+0.168%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h190.52+0.074%$379K$56K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.81+0.226%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.59+0.110%$195K$143K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:EWY+0.0050%1h190.65+0.142%$6.3M$14.7M20xas long as short
Entropy io:EWYlong+0.0050%1h190.38long leg$52K$57K25x
Polymarket Perps EWY-USD+0.0050%1h190.44+0.032%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.66+0.147%$451$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.64+0.137%$230K$233K10xas long as short
Paradex EWY-USD-PERPshort+0.0081%8h190.54+0.086%$235x
KuCoin EWYUSDTM+0.0100%8h190.45+0.037%$981K$664K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.62+0.126%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.69+0.163%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h190.67+0.152%$532K$340K20xas long as short
OKX EWY-USDT-SWAP+0.0291%8h190.73+0.184%$4.2M$3.6M50xas long as short
Bitget EWYUSDT+0.0376%8h190.69+0.163%$2.7M$1.6M20xas long as short
Aster EWYUSDT+0.0500%8h190.67+0.155%$296K$12K20xas long as short
BloFin EWY-USDT+0.0589%8h190.63+0.131%$47K$214K50xas long as short
Variational Omni EWY+0.0592%8h190.74+0.191%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0616%1h190.59+0.108%$304K$717K10xas long as short
edgeX EWYUSDC+0.0618%4h190.69+0.165%$427K$282K20xas long as short
Binance EWYUSDT+0.0619%8h190.79+0.217%$28.6M$78.0M50xas long as short
MEXC EWY_USDT+0.0619%8h190.69+0.163%$7.4M$4.5M100xas long as short
Hotstuff EWY-PERP+0.0680%1h190.47+0.047%$29K$12K20xas long as short