Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h −0.550%

Price spread now: Hotstuff against HTX−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.105% cheaper against HTX than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EWY-USDT	190.08	0	get 0.0000% / 8h	3h 47m	$22K	$35K	20x
Short	Hotstuff EWY-PERP	189.88	0.0144	get 0.0018% / 1h	47m 46s	$28K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against HTX. 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 HTXbpFee HotstuffbpOrdersPrice spread, now −0.105%Rate

Funding earned: $30.24
Price spread: −0.105% → 0.000%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $2.72
Costs to cover: 0.170%
Break-even: 6.4 days

Slippage unknown: HTX: no order-book sample; Hotstuff: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

HTX and Hotstuff: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EWYUSDT	0.0000%	8h	190.01	−0.038%	$295K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.00	−0.042%	$5.1M	$4.2M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	190.01	−0.037%	$4.1M	$3.4M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	189.99	−0.047%	$4.2M	$3.8M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	190.05	−0.016%	$2.7M	$2.0M	20x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.04	−0.019%	$752K	$396K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.97	−0.058%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	189.87	−0.110%	$2K	$13K	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	190.08	long leg	$22K	$35K	20x
Phemex EWYUSDT	0.0000%	8h	189.96	−0.063%	$1.7M	$37K	10x	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	+0.0006%	8h	190.00	−0.041%	$1.2M	$1.1M	—	as long as short
Lighter EWY	+0.0032%	1h	189.81	−0.142%	$384K	$39K	20x	as long as short
Binance EWYUSDT	+0.0045%	8h	189.98	−0.052%	$27.7M	$76.4M	50x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.98	−0.053%	—	$220K	25x	as long as short
Extended EWY_24_5-USD	+0.0048%	1h	189.92	−0.082%	$301K	$669K	10x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.94	−0.074%	$198K	$147K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.83	−0.132%	$530K	$293K	20x	as long as short
MEXC EWY_USDT	+0.0049%	8h	190.00	−0.042%	$6.2M	$3.8M	100x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.86	−0.116%	$6.1M	$14.3M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.86	−0.116%	$30K	$65K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.76	−0.168%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.92	−0.084%	$747	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.81	−0.142%	$198K	$267K	10x	as long as short
Paradex EWY-USD-PERP	+0.0054%	8h	189.89	−0.101%	$23	—	5x	as long as short
BloFin EWY-USDT	+0.0064%	8h	189.90	−0.095%	$47K	$213K	50x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.90	−0.095%	$978K	$612K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.06	−0.011%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.93	−0.079%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERPshort	+0.0144%	1h	189.88	−0.105%	$28K	$12K	20x
edgeX EWYUSDC	+0.0307%	4h	190.03	−0.027%	$426K	$284K	20x	as long as short