Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%

Price spread now: Polymarket Perps against OKX−0.224%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Polymarket Perps is 0.224% cheaper against OKX than usual: you would sell low and buy high (spread −0.224% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 15 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EWY-USDT-SWAP	187.82	0	get 0.0000% / 8h	6h 56m	$4.0M	$4.6M	50x
Short	Polymarket Perps EWY-USD	187.40	0.0050	get 0.0006% / 1h	56m 58s	$4K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.224%Rate

Funding earned: $10.5
Price spread: −0.224% → 0.000%: −$22.36
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.86
Costs to cover: 0.180%
Break-even: 26.9 days

Slippage unknown: OKX: live order book, 6 min ago; Polymarket Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 6 min ago	0.27 bp	7.3 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EWYUSDT	−0.0330%	8h	187.80	−0.011%	$3.1M	$2.8M	20x	as long as short
Aster EWYUSDT	0.0000%	8h	187.61	−0.112%	$290K	$14K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.72	−0.054%	$238K	$896K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.74	−0.043%	$26.8M	$82.5M	50x	as long as short
OKX EWY-USDT-SWAPlong	0.0000%	8h	187.82	long leg	$4.0M	$4.6M	50x
Gate EWY_USDT	0.0000%	8h	187.88	+0.032%	$4.0M	$4.5M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.66	−0.085%	$7.5M	$4.1M	100x	as long as short
Variational Omni EWY	0.0000%	8h	186.89	−0.495%	$1.2M	$923K	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	186.96	−0.460%	$733K	$414K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.39	−0.229%	—	$2.1M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EWY-USDT	0.0000%	8h	186.97	−0.453%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.66	−0.085%	$1.7M	$36K	10x	as long as short
BloFin EWY-USDT	+0.0003%	8h	187.77	−0.027%	$48K	$224K	50x	as long as short
Lighter EWY	+0.0032%	1h	187.64	−0.096%	$381K	$41K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	187.66	−0.085%	—	$215K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.64	−0.096%	$197K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.77	−0.027%	$5.9M	$15.2M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.29	−0.282%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USDshort	+0.0050%	1h	187.40	−0.224%	$4K	$4K	20x
Ondo Perps EWY-USD.P	+0.0050%	1h	187.47	−0.186%	$235K	$313K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	187.65	−0.090%	$23	—	5x	as long as short
Hotstuff EWY-PERP	+0.0096%	1h	187.48	−0.181%	$28K	$16K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.52	−0.160%	$965K	$648K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.94	−0.469%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.61	−0.112%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0123%	1h	187.64	−0.096%	$3K	$15K	20x	as long as short
Bybit EWYUSDT	+0.0123%	8h	187.76	−0.032%	$5.0M	$4.6M	100x	as long as short
Coinbase International EWY-PERP-INTX	+0.0128%	1h	186.97	−0.453%	$519K	$237K	20x	as long as short
SoDEX EWY-USD	+0.0559%	1h	187.57	−0.133%	$758	$3K	10x	as long as short
edgeX EWYUSDC	+0.0756%	4h	187.16	−0.349%	$420K	$284K	20x	as long as short