Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.020%

Price spread now: Extended against KuCoin−0.034%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$395as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$3873.868% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.034%, 7d avg +0.025%

Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.059% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.025%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EWYUSDTM	189.69	0.0100	pay 0.0100% / 8h	6h 37m	$977K	$634K	20x
Short	Extended EWY_24_5-USD	189.63	0.0512	get 0.0064% / 1h	37m 30s	$302K	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.034%Rate

Funding earned: $86.52
Price spread: −0.034% → +0.025%: −$5.9
Slippage, 4 orders: −$369.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$306.2
Costs to cover: 3.868%
Break-even: 31.8 days

Slippage from KuCoin: live order book, 22 min ago; Extended: live order book, 30 min ago.

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 KuCoin live order book, 22 min ago	9.98 bp	178.9 bp −$179	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	0.03 bp	2.8 bp −$3	6.8 bp −$68	doesn't fit	doesn't fit

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
Deribit EWY_USDC-PERPETUAL	−0.0172%	1h	189.58	−0.058%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.69	0.000%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.67	−0.011%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.60	−0.049%	$749K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.65	−0.021%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.65	−0.021%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.63	−0.032%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.54	−0.079%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.78	+0.047%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.63	−0.032%	$197K	$146K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	190.28	+0.311%	$531K	$336K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.62	−0.037%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.69	0.000%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.44	−0.132%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.58	−0.058%	$622	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.41	−0.148%	$229K	$242K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	189.67	−0.013%	$23	—	5x	as long as short
edgeX EWYUSDC	+0.0083%	4h	189.50	−0.099%	$425K	$282K	20x	as long as short
KuCoin EWYUSDTMlong	+0.0100%	8h	189.69	long leg	$977K	$634K	20x
ApeX Omni EWYUSDT	+0.0100%	1h	189.57	−0.063%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.68	−0.005%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0192%	1h	189.62	−0.037%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0216%	8h	189.66	−0.016%	$4.1M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0271%	8h	189.65	−0.021%	$2.7M	$1.9M	20x	as long as short
Aster EWYUSDT	+0.0402%	8h	189.75	+0.031%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0499%	8h	189.70	+0.003%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0506%	8h	189.65	−0.023%	$28.3M	$77.6M	50x	as long as short
MEXC EWY_USDT	+0.0510%	8h	189.67	−0.011%	$7.0M	$4.2M	100x	as long as short
Extended EWY_24_5-USDshort	+0.0512%	1h	189.63	−0.034%	$302K	$670K	10x
BloFin EWY-USDT	+0.0565%	8h	190.43	+0.390%	$2K	$214K	50x	as long as short