Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.007%

Price spread now: Ondo Perps against HTX−0.074%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 Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Ondo Perps is 0.074% cheaper against HTX than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EWY-USDT	189.78	0	get 0.0000% / 8h	6h 15m	$22K	$36K	20x
Short	Ondo Perps EWY-USD.P	189.64	0.0050	get 0.0006% / 1h	15m 01s	$198K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.074%Rate

Funding earned: $10.58
Price spread: −0.074% → 0.000%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.79
Costs to cover: 0.170%
Break-even: 16.1 days

Slippage unknown: HTX: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

HTX and Ondo Perps: 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 29 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
Bybit EWYUSDT	0.0000%	8h	189.88	+0.053%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.80	+0.011%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.59	−0.098%	$749K	$389K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.78	0.000%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	189.75	−0.016%	$2K	$13K	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	189.78	long leg	$22K	$36K	20x
Phemex EWYUSDT	0.0000%	8h	189.80	+0.011%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.66	−0.063%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.97	+0.100%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.78	0.000%	$197K	$146K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.56	−0.116%	$529K	$330K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.81	+0.016%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.71	−0.037%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.70	−0.042%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.81	+0.016%	$714	$4K	10x	as long as short
Ondo Perps EWY-USD.Pshort	+0.0050%	1h	189.64	−0.074%	$198K	$272K	10x
Paradex EWY-USD-PERP	+0.0056%	8h	189.83	+0.024%	$23	—	5x	as long as short
Hotstuff EWY-PERP	+0.0080%	1h	189.77	−0.005%	$28K	$12K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.69	−0.047%	$977K	$631K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.61	−0.090%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.84	+0.032%	$2K	$1K	20x	as long as short
Bitget EWYUSDT	+0.0102%	8h	189.85	+0.037%	$2.8M	$1.9M	20x	as long as short
OKX EWY-USDT-SWAP	+0.0179%	8h	189.88	+0.053%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0328%	8h	189.85	+0.037%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0399%	8h	189.76	−0.011%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0423%	8h	189.83	+0.026%	$28.3M	$77.5M	50x	as long as short
Extended EWY_24_5-USD	+0.0424%	1h	189.82	+0.023%	$302K	$665K	10x	as long as short
MEXC EWY_USDT	+0.0426%	8h	189.89	+0.058%	$7.0M	$4.2M	100x	as long as short
edgeX EWYUSDC	+0.0859%	4h	189.61	−0.088%	$425K	$283K	20x	as long as short