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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against OKX+0.279%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$464as in the Funding arb table
Net, price: spread back to 7d avg − costs−$442as in the Price arb table
costs, in and out, $10k−$4744.744% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.279%, 7d avg −0.048%
Together, before fees−0.277%−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.327% dearer against OKX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EWY-USDT-SWAP186.260get 0.0000% / 8h7h 59m$4.1M$4.7M50x
ShortKuCoin EWYUSDTM186.780.0100get 0.0100% / 8h7h 59m$962K$604K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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
$21
Price spread: +0.279% → −0.048%
$32.71
Slippage, 4 orders
−$452.42
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$420.71
Costs to cover
4.744%
Break-even
147.2 days
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 25 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 OKX live order book, 3 min ago0.27 bp6.7 bp −$710.4 bp −$104doesn't fitdoesn't fit
Sell KuCoin live order book, 25 min ago5.10 bp113.9 bp −$114doesn't fitdoesn'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
Bitget EWYUSDT−0.0622%8h186.04−0.118%$3.1M$2.6M20xas long as short
Entropy io:EWY−0.0359%1h186.260.000%$141K$120K25xas long as short
Vest EWY-USD-PERP−0.0034%1h185.80−0.247%$220K25xas long as short
BloFin EWY-USDT−0.0027%8h186.23−0.016%$48K$217K50xas long as short
Aster EWYUSDT0.0000%8h186.29+0.014%$288K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.18−0.044%$237K$915K10xas long as short
Binance EWYUSDT0.0000%8h186.20−0.032%$27.0M$83.5M50xas long as short
Bybit EWYUSDT0.0000%8h186.32+0.032%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAPlong0.0000%8h186.26long leg$4.1M$4.7M50x
Gate EWY_USDT0.0000%8h186.38+0.064%$4.1M$4.3M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EWY_USDT0.0000%8h186.20−0.032%$7.8M$4.4M100xas long as short
Variational Omni EWY0.0000%8h186.38+0.064%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h186.42+0.086%$731K$420K10xas long as short
SunX EWY-USDT0.0000%8h186.37+0.059%$2.4M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h186.22−0.021%$3K$15K20xas long as short
HTX EWY-USDT0.0000%8h186.35+0.048%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.22−0.021%$1.6M$37K10xas long as short
Lighter EWY+0.0032%1h186.01−0.134%$377K$40K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.16−0.054%$6.4M$14.7M20xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.23−0.016%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.23−0.016%$745$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.32+0.032%$233K$335K10xas long as short
Paradex EWY-USD-PERP+0.0061%8h186.38+0.067%$225xas long as short
Hotstuff EWY-PERP+0.0096%1h186.27+0.005%$28K$15K20xas long as short
KuCoin EWYUSDTMshort+0.0100%8h186.78+0.279%$962K$604K20x
ApeX Omni EWYUSDT+0.0100%1h186.48+0.118%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.28+0.011%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0112%1h186.23−0.016%$517K$251K20xas long as short
Popdex EWYUSDT+0.0184%1h186.25−0.005%$198K$153K20xas long as short
edgeX EWYUSDC+0.0950%4h186.45+0.101%$418K$286K20xas long as short