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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.005%
Price spread now: Entropy against Paradex−0.050%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Entropy is 0.050% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex EWY-USD-PERP187.310.0060pay 0.0060% / 8h6h 54m$225x
ShortEntropy io:EWY187.220.0036get 0.0004% / 1h54m 09s$142K$119K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy 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

Funding earned
−$5.09
Price spread: −0.050% → 0.000%
−$5
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$32.08
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Entropy: live order book, 63 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 Paradex no order-book sample
Sell Entropy live order book, 63 min ago10.21 bp30.0 bp −$30128.2 bp −$1,282doesn't fitdoesn'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 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−0.0312%8h187.39+0.041%$3.1M$2.8M20xas long as short
Hotstuff EWY-PERP−0.0008%1h187.11−0.109%$28K$16K20xas long as short
Aster EWYUSDT0.0000%8h187.15−0.089%$290K$14K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.30−0.005%$241K$901K10xas long as short
Binance EWYUSDT0.0000%8h187.41+0.053%$26.8M$82.7M50xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.33+0.009%$4.0M$4.6M50xas long as short
Gate EWY_USDT0.0000%8h187.43+0.062%$4.0M$4.5M50xas long as short
MEXC EWY_USDT0.0000%8h187.40+0.046%$7.5M$4.1M100xas long as short
Variational Omni EWY0.0000%8h187.63+0.168%$1.2M$909Kas long as short
SunX EWY-USDT0.0000%8h187.01−0.162%$2.1M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EWY-USDT0.0000%8h187.77+0.244%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.39+0.041%$1.7M$37K10xas long as short
BloFin EWY-USDT+0.0027%8h187.24−0.039%$48K$223K50xas long as short
Lighter EWY+0.0032%1h187.24−0.039%$380K$41K20xas long as short
Entropy io:EWYshort+0.0036%1h187.22−0.050%$142K$119K25x
Vest EWY-USD-PERP+0.0046%1h187.41+0.051%$215K25xas long as short
Popdex EWYUSDT+0.0048%1h187.37+0.030%$197K$151K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.25−0.034%$5.8M$15.1M20xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.25−0.034%$4K$5K20xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.33+0.009%$234K$312K10xas long as short
GRVT EWY_USDT_Perp+0.0058%8h187.74+0.225%$736K$414K10xas long as short
Paradex EWY-USD-PERPlong+0.0060%8h187.31long leg$225x
Deribit EWY_USDC-PERPETUAL+0.0070%1h187.28−0.018%$3K$15K20xas long as short
SoDEX EWY-USD+0.0097%1h187.34+0.014%$753$3K10xas long as short
Bybit EWYUSDT+0.0099%8h187.41+0.051%$5.0M$4.6M100xas long as short
KuCoin EWYUSDTM+0.0100%8h187.21−0.055%$964K$649K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.21−0.055%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.29−0.013%$2K$1K20xas long as short
Coinbase International EWY-PERP-INTX+0.0128%1h187.39+0.041%$520K$238K20xas long as short
edgeX EWYUSDC+0.0993%4h187.56+0.133%$421K$285K20xas long as short