Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.007%

Price spread now: SoDEX against HTX−0.158%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.158% cheaper against HTX than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 11 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	190.08	0	get 0.0000% / 8h	3h 41m	$22K	$35K	20x
Short	SoDEX EWY-USD	189.78	0.0050	get 0.0006% / 1h	41m 50s	$751	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $10.5
Price spread: −0.158% → 0.000%: −$15.78
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.28
Costs to cover: 0.200%
Break-even: 23.9 days

Slippage unknown: HTX: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

HTX and SoDEX: 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
Hotstuff EWY-PERP	−0.0040%	1h	189.72	−0.189%	$28K	$12K	20x	as long as short
Aster EWYUSDT	0.0000%	8h	189.77	−0.165%	$294K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.66	−0.221%	$5.1M	$4.2M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	189.67	−0.216%	$4.1M	$3.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	189.71	−0.195%	$4.2M	$3.8M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	189.77	−0.163%	$2.7M	$2.2M	20x	as long as short
Variational Omni EWY	0.0000%	8h	189.81	−0.141%	$1.2M	$1.1M	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.68	−0.209%	$750K	$397K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.73	−0.184%	—	$2.5M	20x	as long as short
HTX EWY-USDTlong	0.0000%	8h	190.08	long leg	$22K	$35K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex EWYUSDT	0.0000%	8h	189.84	−0.126%	$1.7M	$37K	10x	as long as short
BloFin EWY-USDT	+0.0015%	8h	189.82	−0.137%	$47K	$213K	50x	as long as short
Binance EWYUSDT	+0.0028%	8h	189.67	−0.217%	$27.7M	$76.6M	50x	as long as short
MEXC EWY_USDT	+0.0031%	8h	189.74	−0.179%	$6.2M	$3.8M	100x	as long as short
Lighter EWY	+0.0032%	1h	189.54	−0.284%	$384K	$39K	20x	as long as short
Extended EWY_24_5-USD	+0.0032%	1h	189.67	−0.218%	$301K	$670K	10x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.82	−0.137%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.86	−0.116%	$198K	$146K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.83	−0.132%	$530K	$292K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.56	−0.274%	$6.1M	$14.4M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.64	−0.231%	$30K	$64K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.66	−0.221%	$4K	$126	20x	as long as short
SoDEX EWY-USDshort	+0.0050%	1h	189.78	−0.158%	$751	$4K	10x
Ondo Perps EWY-USD.P	+0.0050%	1h	189.63	−0.237%	$198K	$278K	10x	as long as short
Paradex EWY-USD-PERP	+0.0054%	8h	189.83	−0.130%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.70	−0.200%	$977K	$612K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.70	−0.200%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.74	−0.179%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0169%	4h	189.93	−0.077%	$426K	$285K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0330%	1h	189.77	−0.163%	$2K	$13K	20x	as long as short