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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0565%/8h= +61.9% APRnext payment +$5.65 per $10,000 · paid last 24h +0.068%
Price spread now: BloFin against Gate+0.406%633s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.177%+$18 on $10k
Price spread, last 3 days (all we have)−0.446%−$45 · spread now +0.406%, 7d avg −0.002%
Together, before fees−0.270%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BloFin is 0.408% dearer against Gate than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 633 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EWY_USDT189.660get 0.0000% / 8h6h 38m$4.0M$3.6M50x
ShortBloFin EWY-USDT190.430.0565get 0.0565% / 8h6h 38m$2K$214K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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
$118.67
Price spread: +0.406% → −0.002%
$40.83
Slippage, 4 orders
−$8.96
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
$123.55
Costs to cover
0.360%
Break-even
from the start
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 21 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 Gate live order book, 5 min ago2.11 bp12.1 bp −$1225.2 bp −$25249.4 bp −$4,93986.6 bp −$43.3K
Sell BloFin live order book, 21 min ago0.26 bp6.3 bp −$67.4 bp −$7413.3 bp −$1,334doesn't fit

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
Deribit EWY_USDC-PERPETUAL−0.0119%1h189.45−0.111%$2K$13K20xas long as short
Bybit EWYUSDT0.0000%8h189.69+0.016%$5.1M$4.4M100xas long as short
Gate EWY_USDTlong0.0000%8h189.66long leg$4.0M$3.6M50x
GRVT EWY_USDT_Perp0.0000%8h189.73+0.036%$750K$384K10xas long as short
SunX EWY-USDT0.0000%8h189.54−0.063%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h189.79+0.069%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h189.58−0.042%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h189.52−0.074%$384K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h189.70+0.021%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h189.69+0.016%$197K$146K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International EWY-PERP-INTX+0.0048%1h190.28+0.327%$531K$336K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h189.62−0.021%$6.2M$14.0M20xas long as short
Entropy io:EWY+0.0050%1h189.69+0.016%$51K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.34−0.169%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h189.56−0.053%$618$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h189.41−0.132%$229K$242K10xas long as short
Paradex EWY-USD-PERP+0.0061%8h189.65−0.007%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h189.70+0.021%$977K$635K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h189.78+0.063%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h189.59−0.037%$2K$1K20xas long as short
Hotstuff EWY-PERP+0.0192%1h189.62−0.021%$28K$12K20xas long as short
OKX EWY-USDT-SWAP+0.0222%8h189.69+0.016%$4.1M$3.5M50xas long as short
Bitget EWYUSDT+0.0286%8h189.69+0.016%$2.7M$1.9M20xas long as short
Aster EWYUSDT+0.0402%8h189.67+0.007%$294K$12K20xas long as short
edgeX EWYUSDC+0.0496%4h189.87+0.111%$425K$282K20xas long as short
Variational Omni EWY+0.0499%8h189.70+0.019%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0510%8h189.67+0.006%$28.3M$77.7M50xas long as short
Extended EWY_24_5-USD+0.0512%1h189.62−0.019%$302K$670K10xas long as short
MEXC EWY_USDT+0.0514%8h189.67+0.005%$7.0M$4.2M100xas long as short
BloFin EWY-USDTshort+0.0565%8h190.43+0.406%$2K$214K50x