Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.055%

Price spread now: tradeXYZ against MEXC−0.047%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.047%, 7d avg −0.077%

Together, before fees−0.007%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.030% dearer against MEXC than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.077%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.043% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EWY_USDT	190.49	0.0221	pay 0.0221% / 8h	5h 00m	$6.5M	$4.2M	100x
Short	tradeXYZ xyz:EWY	190.40	0.0050	get 0.0006% / 1h	0m 42s	$6.1M	$13.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee MEXCbpFee tradeXYZbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$35.91
Price spread: −0.047% → −0.077%: $3
Slippage, 4 orders: −$2.86
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.77
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; tradeXYZ: live order book, 8 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 MEXC live order book, 2 min ago	0.26 bp	0.3 bp $0	0.3 bp −$3	2.6 bp −$263	93.5 bp −$46.7K
Sell tradeXYZ live order book, 8 min ago	0.52 bp	10.0 bp −$10	11.8 bp −$118	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
Hotstuff EWY-PERP	−0.0096%	1h	190.34	−0.079%	$29K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.54	+0.026%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.50	+0.005%	$4.2M	$3.8M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.43	−0.031%	$753K	$393K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.39	−0.052%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.39	−0.052%	$2K	$13K	20x	as long as short
Coinbase International EWY-PERP-INTX	0.0000%	1h	190.39	−0.052%	$531K	$311K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.53	+0.021%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.48	−0.005%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.32	−0.089%	$386K	$39K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EWY-USD-PERP	+0.0046%	1h	190.58	+0.047%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.44	−0.026%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWYshort	+0.0050%	1h	190.40	−0.047%	$6.1M	$13.9M	20x
Entropy io:EWY	+0.0050%	1h	190.32	−0.089%	$51K	$56K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.28	−0.110%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.46	−0.016%	$745	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.31	−0.094%	$201K	$267K	10x	as long as short
Paradex EWY-USD-PERP	+0.0055%	8h	190.46	−0.018%	$23	—	5x	as long as short
Bitget EWYUSDT	+0.0062%	8h	190.45	−0.021%	$2.7M	$2.0M	20x	as long as short
OKX EWY-USDT-SWAP	+0.0094%	8h	190.46	−0.016%	$4.1M	$3.5M	50x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.43	−0.031%	$982K	$627K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.45	−0.021%	$13K	$265K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.47	−0.010%	$2K	$1K	20x	as long as short
Aster EWYUSDT	+0.0142%	8h	190.48	−0.008%	$295K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0164%	4h	190.41	−0.041%	$427K	$284K	20x	as long as short
Variational Omni EWY	+0.0179%	8h	190.44	−0.028%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0196%	8h	190.47	−0.010%	$48K	$214K	50x	as long as short
Extended EWY_24_5-USD	+0.0216%	1h	190.44	−0.026%	$302K	$663K	10x	as long as short
Binance EWYUSDT	+0.0217%	8h	190.46	−0.016%	$28.5M	$76.8M	50x	as long as short
MEXC EWY_USDTlong	+0.0221%	8h	190.49	long leg	$6.5M	$4.2M	100x