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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.056%
Price spread now: Binance against Popdex+0.013%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.028%+$3 on $10k
Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.013%, 7d avg +0.009%
Together, before fees−0.016%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex EWYUSDT190.580.0048pay 0.0006% / 1h36m 52s$198K$146K20x
ShortBinance EWYUSDT190.600.0152get 0.0152% / 8h4h 36m$28.5M$76.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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
$21.9
Price spread: +0.013% → +0.009%
$0.37
Slippage, 4 orders
−$4.81
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Binance: 5 bp × 2 orders
−$10
Net
$1.07
Costs to cover
0.212%
Break-even
6.7 days
Slippage from Popdex: live order book, 22 min ago; Binance: live order book, 6 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 Popdex live order book, 22 min ago0.52 bp5.1 bp −$510.7 bp −$107doesn't fitdoesn't fit
Sell Binance live order book, 6 min ago0.26 bp5.3 bp −$56.3 bp −$6317.6 bp −$1,764doesn'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
Bybit EWYUSDT0.0000%8h190.63+0.026%$5.2M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.64+0.031%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.69+0.058%$754K$394K10xas long as short
SunX EWY-USDT0.0000%8h190.44−0.073%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.72+0.073%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.60+0.010%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.41−0.089%$386K$39K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h190.57−0.005%$531K$304K20xas long as short
Bitget EWYUSDT+0.0043%8h190.60+0.010%$2.7M$2.0M20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.74+0.084%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDTlong+0.0048%1h190.58long leg$198K$146K20x
tradeXYZ xyz:EWY+0.0050%1h190.50−0.042%$6.2M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.43−0.079%$46K$59K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h190.41−0.089%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h190.56−0.010%$748$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.60+0.010%$201K$268K10xas long as short
Paradex EWY-USD-PERP+0.0053%8h190.55−0.014%$235xas long as short
OKX EWY-USDT-SWAP+0.0059%8h190.61+0.016%$4.1M$3.3M50xas long as short
Aster EWYUSDT+0.0080%8h190.54−0.020%$295K$12K20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.45−0.068%$982K$623K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.54−0.021%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.52−0.031%$2K$1K20xas long as short
Variational Omni EWY+0.0123%8h190.65+0.037%$1.2M$1.1Mas long as short
Extended EWY_24_5-USD+0.0152%1h190.56−0.013%$301K$669K10xas long as short
Binance EWYUSDTshort+0.0152%8h190.60+0.013%$28.5M$76.5M50x
BloFin EWY-USDT+0.0154%8h190.57−0.005%$48K$214K50xas long as short
MEXC EWY_USDT+0.0155%8h190.61+0.016%$6.5M$3.9M100xas long as short
Hotstuff EWY-PERP+0.0280%1h190.46−0.063%$29K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0380%1h190.56−0.010%$2K$13K20xas long as short
edgeX EWYUSDC+0.0428%4h190.52−0.031%$427K$283K20xas long as short