Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.008%

Price spread now: ApeX Omni against Paradex−0.024%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.024% cheaper against Paradex than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 47 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex EWY-USD-PERP	190.34	0.0059	pay 0.0059% / 8h	5h 48m	$23	—	5x
Short	ApeX Omni EWYUSDT	190.29	0.0100	get 0.0013% / 1h	48m 58s	$13K	$264K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.024%Rate

Funding earned: $8.6
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.8
Costs to cover: 0.140%
Break-even: 13.3 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 13 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 13 min ago	28.93 bp	39.3 bp −$39	210.2 bp −$2,102	doesn't fit	doesn't fit

Paradex: 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 29 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
Bybit EWYUSDT	0.0000%	8h	190.26	−0.040%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.28	−0.029%	$4.0M	$3.7M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.45	+0.062%	$753K	$388K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.26	−0.040%	—	$2.5M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.23	−0.055%	$2K	$13K	20x	as long as short
Coinbase International EWY-PERP-INTX	0.0000%	1h	189.56	−0.407%	$529K	$317K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.47	+0.071%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.24	−0.050%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.22	−0.061%	$386K	$39K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.47	+0.071%	—	$220K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.29	−0.024%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.18	−0.082%	$6.1M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.24	−0.050%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.12	−0.113%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.27	−0.034%	$745	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.31	−0.013%	$198K	$275K	10x	as long as short
Paradex EWY-USD-PERPlong	+0.0059%	8h	190.34	long leg	$23	—	5x
Bitget EWYUSDT	+0.0092%	8h	190.26	−0.040%	$2.7M	$2.0M	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.24	−0.050%	$980K	$627K	20x	as long as short
ApeX Omni EWYUSDTshort	+0.0100%	1h	190.29	−0.024%	$13K	$264K	50x
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.31	−0.013%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0137%	8h	190.18	−0.082%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0266%	8h	190.33	−0.001%	$295K	$12K	20x	as long as short
Hotstuff EWY-PERP	+0.0272%	1h	190.24	−0.050%	$29K	$12K	20x	as long as short
Variational Omni EWY	+0.0325%	8h	190.41	+0.038%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0344%	1h	190.23	−0.058%	$302K	$665K	10x	as long as short
Binance EWYUSDT	+0.0346%	8h	190.25	−0.046%	$28.4M	$77.0M	50x	as long as short
MEXC EWY_USDT	+0.0349%	8h	190.23	−0.055%	$6.4M	$4.2M	100x	as long as short
edgeX EWYUSDC	+0.0950%	4h	190.24	−0.049%	$426K	$283K	20x	as long as short