Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0404%/8h= −44.2% APRpaid last 24h −0.020%

Price spread now: KuCoin against Extended+0.072%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$379as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3873.868% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.072%, 7d avg −0.025%

Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.097% dearer against Extended than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.025%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EWY_24_5-USD	189.50	0.0504	pay 0.0063% / 1h	36m 48s	$302K	$670K	10x
Short	KuCoin EWYUSDTM	189.64	0.0100	get 0.0100% / 8h	6h 36m	$976K	$634K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$84.84
Price spread: +0.072% → −0.025%: $9.73
Slippage, 4 orders: −$369.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$461.94
Costs to cover: 3.868%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; KuCoin: live order book, 23 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, 31 min ago	0.03 bp	2.8 bp −$3	7.3 bp −$73	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	9.98 bp	202.3 bp −$202	doesn't fit	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
Deribit EWY_USDC-PERPETUAL	−0.0225%	1h	189.50	−0.001%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.63	+0.067%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.59	+0.046%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.60	+0.050%	$749K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.66	+0.083%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.65	+0.078%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.59	+0.046%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.45	−0.028%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.78	+0.146%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.63	+0.067%	$197K	$146K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	+0.410%	$531K	$336K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.58	+0.041%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.69	+0.099%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.44	−0.033%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.55	+0.025%	$626	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.41	−0.049%	$229K	$242K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	189.67	+0.086%	$23	—	5x	as long as short
edgeX EWYUSDC	+0.0083%	4h	189.50	0.000%	$425K	$282K	20x	as long as short
KuCoin EWYUSDTMshort	+0.0100%	8h	189.64	+0.072%	$976K	$634K	20x
ApeX Omni EWYUSDT	+0.0100%	1h	189.57	+0.036%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.65	+0.078%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0192%	1h	189.62	+0.062%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0216%	8h	189.59	+0.046%	$4.1M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0271%	8h	189.62	+0.062%	$2.7M	$1.9M	20x	as long as short
Aster EWYUSDT	+0.0402%	8h	189.69	+0.097%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0499%	8h	189.70	+0.102%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USDlong	+0.0504%	1h	189.50	long leg	$302K	$670K	10x
Binance EWYUSDT	+0.0506%	8h	189.59	+0.046%	$28.3M	$77.6M	50x	as long as short
MEXC EWY_USDT	+0.0510%	8h	189.60	+0.051%	$7.0M	$4.2M	100x	as long as short
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.489%	$2K	$214K	50x	as long as short