Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h +0.022%

Price spread now: Polymarket Perps against HTX−0.132%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 Polymarket 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—needs both histories

Funding pays, the price is against you. Polymarket Perps is 0.132% cheaper against HTX than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 8.8 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	189.05	0	get 0.0000% / 8h	4h 04m	$36K	$9K	20x
Short	Polymarket Perps EWY-USD	188.80	0.0050	get 0.0006% / 1h	4m 52s	$4K	$23	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.132%Rate

Funding earned: $10.5
Price spread: −0.132% → 0.000%: −$13.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.72
Costs to cover: 0.200%
Break-even: 22.1 days

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

HTX and Polymarket 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 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
BloFin EWY-USDT	−0.0023%	8h	189.02	−0.016%	$2K	$212K	50x	as long as short
Hotstuff EWY-PERP	−0.0008%	1h	188.87	−0.095%	$28K	$12K	20x	as long as short
Aster EWYUSDT	0.0000%	8h	189.06	+0.006%	$293K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	189.04	−0.007%	$304K	$410K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	189.04	−0.005%	$28.3M	$75.6M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.02	−0.016%	$5.7M	$3.3M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	189.06	+0.005%	$4.0M	$4.0M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	188.99	−0.032%	$3.2M	$2.6M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	189.04	−0.005%	$7.7M	$4.5M	100x	as long as short
Bitget EWYUSDT	0.0000%	8h	189.06	+0.005%	$2.4M	$1.3M	20x	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	189.03	−0.008%	$1.4M	$880K	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.05	−0.001%	$748K	$422K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	188.85	−0.106%	—	$2.7M	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	189.05	long leg	$36K	$9K	20x
Phemex EWYUSDT	0.0000%	8h	189.01	−0.021%	$1.7M	$36K	10x	as long as short
Lighter EWY	+0.0032%	1h	188.82	−0.122%	$375K	$97K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.99	−0.032%	—	$217K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.01	−0.021%	$193K	$138K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	188.93	−0.063%	$6.1M	$14.1M	20x	as long as short
Polymarket Perps EWY-USDshort	+0.0050%	1h	188.80	−0.132%	$4K	$23	20x
SoDEX EWY-USD	+0.0050%	1h	188.95	−0.053%	$782	$3K	10x	as long as short
Paradex EWY-USD-PERP	+0.0050%	8h	188.98	−0.035%	$23	—	5x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	188.81	−0.127%	$223K	$168K	10x	as long as short
Entropy io:EWY	+0.0079%	1h	189.04	−0.005%	$46K	$26K	25x	as long as short
Coinbase International EWY-PERP-INTX	+0.0096%	1h	188.83	−0.116%	$524K	$329K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.94	−0.058%	$957K	$759K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.01	−0.021%	$13K	$261K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.01	−0.021%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0121%	1h	188.95	−0.053%	$2K	$13K	20x	as long as short
edgeX EWYUSDC	+0.0403%	4h	189.22	+0.089%	$424K	$273K	20x	as long as short