Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0931%/8h= +101.9% APRpaid last 24h +0.144%

Price spread now: edgeX against Extended+0.061%113s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs+$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.954%+$95 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.061%, 7d avg +0.016%

Together, before fees+1.028%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$103 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.045% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EWY_24_5-USD	186.45	0	get 0.0000% / 1h	9m 44s	$237K	$915K	10x
Short	edgeX EWYUSDC	186.56	0.0931	get 0.0466% / 4h	9m 44s	$418K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $195.52
Price spread: +0.061% → +0.016%: $4.5
Slippage, 4 orders: −$11.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $174.37
Costs to cover: 0.256%
Break-even: 0.8 days

Slippage from Extended: live order book, 28 min ago; edgeX: live order book, 29 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 Extended live order book, 28 min ago	0.03 bp	2.9 bp −$3	6.4 bp −$64	doesn't fit	doesn't fit
Sell edgeX live order book, 29 min ago	5.08 bp	10.1 bp −$10	14.4 bp −$144	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
Hotstuff EWY-PERP	−2.4288%	1h	186.41	−0.019%	$29K	$13K	20x	as long as short
Bitget EWYUSDT	−0.0582%	8h	186.59	+0.078%	$3.1M	$2.6M	20x	as long as short
Vest EWY-USD-PERP	−0.0022%	1h	186.02	−0.228%	—	$220K	25x	as long as short
Aster EWYUSDT	0.0000%	8h	186.55	+0.058%	$289K	$13K	20x	as long as short
Extended EWY_24_5-USDlong	0.0000%	1h	186.45	long leg	$237K	$915K	10x
Binance EWYUSDT	0.0000%	8h	186.49	+0.024%	$27.0M	$83.2M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	186.55	+0.056%	$4.9M	$4.9M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	186.53	+0.045%	$4.1M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.58	+0.072%	$4.1M	$4.5M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	186.50	+0.029%	$7.9M	$4.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	186.45	+0.003%	$1.1M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	186.63	+0.097%	$732K	$422K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	186.43	−0.008%	—	$2.4M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.61	+0.088%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	186.53	+0.045%	$1.6M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0024%	8h	186.50	+0.029%	$48K	$217K	50x	as long as short
Lighter EWY	+0.0032%	1h	186.37	−0.040%	$378K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	186.54	+0.051%	$198K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.36	−0.046%	$6.4M	$14.7M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.39	−0.030%	$141K	$120K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.37	−0.040%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	186.48	+0.019%	$749	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	186.45	+0.003%	$233K	$335K	10x	as long as short
Coinbase International EWY-PERP-INTX	+0.0056%	1h	186.49	+0.024%	$517K	$255K	20x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	186.53	+0.044%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.42	−0.014%	$959K	$601K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.56	+0.062%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	186.45	+0.003%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0555%	1h	186.44	−0.003%	$2K	$14K	20x	as long as short
edgeX EWYUSDCshort	+0.0931%	4h	186.56	+0.061%	$418K	$290K	20x