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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.055%
Price spread now: Binance against Ondo Perps+0.021%7-day average +0.102% · you sell dearer than you buy
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 7 days+0.055%+$5 on $10k
Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.021%, 7d avg +0.102%
Together, before fees+0.346%+ Points / potential airdropOndo Perps: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.080% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.102%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps EWY-USD.P186.450.0050pay 0.0006% / 1h9m 29s$233K$335K10x
ShortBinance EWYUSDT186.490get 0.0000% / 8h9m 29s$27.0M$83.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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
−$10.58
Price spread: +0.021% → +0.102%
−$8.03
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$33.61
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 3 min ago. 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 Ondo Perps no order-book sample
Sell Binance live order book, 3 min ago0.27 bp6.2 bp −$68.0 bp −$8022.2 bp −$2,223doesn't fit
Ondo 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−2.4288%1h186.41−0.021%$29K$13K20xas long as short
Bitget EWYUSDT−0.0582%8h186.60+0.080%$3.1M$2.6M20xas long as short
Vest EWY-USD-PERP−0.0022%1h186.05−0.215%$220K25xas long as short
Aster EWYUSDT0.0000%8h186.55+0.052%$289K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.45−0.003%$237K$915K10xas long as short
Binance EWYUSDTshort0.0000%8h186.49+0.021%$27.0M$83.2M50x
Bybit EWYUSDT0.0000%8h186.55+0.054%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.53+0.043%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.58+0.070%$4.1M$4.5M50xas long as short
MEXC EWY_USDT0.0000%8h186.50+0.027%$7.9M$4.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h186.45+0.001%$1.1M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h186.48+0.017%$731K$421K10xas long as short
SunX EWY-USDT0.0000%8h186.43−0.011%$2.4M20xas long as short
HTX EWY-USDT0.0000%8h186.61+0.086%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.53+0.043%$1.6M$37K10xas long as short
BloFin EWY-USDT+0.0024%8h186.50+0.027%$48K$217K50xas long as short
Lighter EWY+0.0032%1h186.37−0.043%$378K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.49+0.021%$198K$154K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.38−0.038%$6.4M$14.7M20xas long as short
Entropy io:EWY+0.0050%1h186.39−0.032%$141K$120K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.35−0.054%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.48+0.016%$749$4K10xas long as short
Ondo Perps EWY-USD.Plong+0.0050%1h186.45long leg$233K$335K10x
Coinbase International EWY-PERP-INTX+0.0056%1h186.49+0.021%$517K$255K20xas long as short
Paradex EWY-USD-PERP+0.0059%8h186.53+0.041%$225xas long as short
KuCoin EWYUSDTM+0.0100%8h186.43−0.011%$959K$601K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.42−0.016%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.450.000%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0555%1h186.44−0.005%$2K$14K20xas long as short
edgeX EWYUSDC+0.0939%4h186.48+0.018%$418K$285K20xas long as short