Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0586%/8h= +64.1% APRpaid last 24h +0.133%
Price spread now: edgeX against Lighter−0.066%79s7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs+$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.364% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.891%+$89 on $10k
Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.066%, 7d avg +0.055%
Together, before fees+1.000%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$100 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.122% cheaper against Lighter than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.055%). If the spread goes back, that is −$12 on $10k: about 17 hours of funding at the current rate (+$18 a day). The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EWY190.820.0032pay 0.0004% / 1h21m 57s$387K$63K20x
ShortedgeX EWYUSDC190.690.0618get 0.0309% / 4h3h 21m$427K$282K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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

Funding earned
$123.01
Price spread: −0.066% → +0.055%
−$12.16
Slippage, 4 orders
−$27.44
Fee Lighter: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$74.41
Costs to cover
0.364%
Break-even
2.8 days
Slippage from Lighter: live order book, 43 min ago; edgeX: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 43 min ago3.96 bp5.0 bp −$512.1 bp −$12146.5 bp −$4,648doesn't fit
Sell edgeX live order book, 52 min ago5.54 bp10.5 bp −$1014.2 bp −$142doesn't fitdoesn't fit

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EWYUSDT0.0000%8h191.02+0.105%$5.2M$4.3M100xas long as short
Gate EWY_USDT0.0000%8h191.04+0.115%$4.1M$3.4M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.76−0.030%$755K$375K10xas long as short
SunX EWY-USDT0.0000%8h190.77−0.026%$2.6M20xas long as short
HTX EWY-USDT0.0000%8h190.80−0.010%$22K$37K20xas long as short
Phemex EWYUSDT0.0000%8h191.06+0.126%$1.7M$38K10xas long as short
Lighter EWYlong+0.0032%1h190.82long leg$387K$63K20x
Vest EWY-USD-PERP+0.0046%1h191.05+0.121%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h190.84+0.010%$196K$143K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.90+0.042%$6.3M$14.7M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:EWY+0.0050%1h190.53−0.152%$52K$57K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.77−0.026%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.820.000%$456$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.64−0.094%$230K$233K10xas long as short
Paradex EWY-USD-PERP+0.0080%8h190.81−0.004%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h190.79−0.016%$983K$662K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.62−0.105%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h191.06+0.126%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0117%1h191.03+0.110%$2K$13K20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h190.67−0.079%$532K$340K20xas long as short
OKX EWY-USDT-SWAP+0.0291%8h191.07+0.131%$4.2M$3.5M50xas long as short
Hotstuff EWY-PERP+0.0360%1h190.72−0.052%$29K$12K20xas long as short
Bitget EWYUSDT+0.0386%8h191.09+0.141%$2.8M$1.6M20xas long as short
Aster EWYUSDT+0.0499%8h191.02+0.106%$296K$12K20xas long as short
BloFin EWY-USDT+0.0589%8h190.63−0.100%$47K$214K50xas long as short
Variational Omni EWY+0.0592%8h190.74−0.040%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0616%1h190.98+0.082%$304K$708K10xas long as short
Binance EWYUSDT+0.0617%8h191.04+0.116%$28.7M$78.2M50xas long as short
edgeX EWYUSDCshort+0.0618%4h190.69−0.066%$427K$282K20x
MEXC EWY_USDT+0.0618%8h191.03+0.110%$7.4M$4.5M100xas long as short