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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.601%
Price spread now: Hotstuff against MEXC−0.096%55s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Funding pays, the price is against you. Hotstuff is 0.096% cheaper against MEXC than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8.0 days of funding at the current rate (+$1 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EWY_USDT188.050get 0.0000% / 8h1h 51m$7.9M$4.2M100x
ShortHotstuff EWY-PERP187.870.0040get 0.0005% / 1h51m 44s$28K$12K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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
$8.4
Price spread: −0.096% → 0.000%
−$9.57
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$6.17
Costs to cover
0.050%
Break-even
12.1 days
Slippage unknown: MEXC: live order book, 1 min ago; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago0.27 bp0.3 bp $00.3 bp −$32.8 bp −$281100.1 bp −$50.0K
Sell Hotstuff no order-book sample
Hotstuff: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget EWYUSDT−0.0110%8h188.06+0.005%$2.7M$2.3M20xas long as short
Aster EWYUSDT0.0000%8h187.98−0.039%$291K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.94−0.060%$241K$500K10xas long as short
Binance EWYUSDT0.0000%8h188.01−0.019%$27.3M$81.5M50xas long as short
Bybit EWYUSDT0.0000%8h188.03−0.011%$4.9M$4.8M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.99−0.032%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h188.04−0.005%$4.1M$4.2M50xas long as short
MEXC EWY_USDTlong0.0000%8h188.05long leg$7.9M$4.2M100x
Variational Omni EWY0.0000%8h188.18+0.070%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h188.10+0.027%$743K$419K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX EWY-USDT0.0000%8h187.97−0.043%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h187.94−0.058%$2K$14K20xas long as short
HTX EWY-USDT0.0000%8h188.22+0.090%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h188.01−0.021%$1.7M$37K10xas long as short
BloFin EWY-USDT+0.0022%8h188.13+0.043%$48K$216K50xas long as short
Lighter EWY+0.0032%1h187.85−0.106%$381K$40K20xas long as short
Hotstuff EWY-PERPshort+0.0040%1h187.87−0.096%$28K$12K20x
Vest EWY-USD-PERP+0.0046%1h187.86−0.101%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h188.10+0.027%$197K$150K20xas long as short
Coinbase International EWY-PERP-INTX+0.0048%1h188.61+0.298%$524K$274K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.92−0.069%$6.3M$14.3M20xas long as short
Entropy io:EWY+0.0050%1h187.97−0.043%$143K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.90−0.080%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.94−0.058%$754$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.83−0.117%$215K$318K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h188.03−0.013%$235xas long as short
edgeX EWYUSDC+0.0077%4h188.11+0.032%$422K$284K20xas long as short
KuCoin EWYUSDTM+0.0100%8h187.92−0.069%$968K$598K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h188.27+0.117%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h188.01−0.021%$2K$1K20xas long as short