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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Coinbase International against Popdex+0.139%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$300.305% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.039%+$4 on $10k
Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.139%, 7d avg −0.078%
Together, before fees−0.179%−$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.217% dearer against Popdex than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex EWYUSDT187.580.0048pay 0.0006% / 1h39m 34s$197K$151K20x
ShortCoinbase International EWY-PERP-INTX187.840.0048get 0.0006% / 1h39m 34s$522K$273K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$0
Price spread: +0.139% → −0.078%
$21.69
Slippage, 4 orders
−$14.07
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$8.78
Costs to cover
0.305%
Break-even
never at this rate
Slippage from Popdex: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago0.80 bp5.0 bp −$59.3 bp −$93doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago3.99 bp10.9 bp −$1115.4 bp −$154doesn't fitdoesn'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
Bitget EWYUSDT−0.0158%8h187.67+0.048%$2.7M$2.3M20xas long as short
Hotstuff EWY-PERP−0.0016%1h187.72+0.075%$28K$12K20xas long as short
BloFin EWY-USDT−0.0011%8h187.87+0.155%$48K$216K50xas long as short
Aster EWYUSDT0.0000%8h187.55−0.018%$291K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.53−0.024%$239K$498K10xas long as short
Binance EWYUSDT0.0000%8h187.55−0.017%$27.2M$81.9M50xas long as short
Bybit EWYUSDT0.0000%8h187.63+0.027%$4.9M$4.8M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.49−0.048%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h187.68+0.053%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h187.68+0.053%$8.6M$4.5M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.81+0.124%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.83+0.135%$743K$425K10xas long as short
SunX EWY-USDT0.0000%8h187.81+0.123%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h187.97+0.208%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.82+0.128%$1.7M$36K10xas long as short
Lighter EWY+0.0032%1h187.65+0.037%$380K$40K20xas long as short
Vest EWY-USD-PERP+0.0044%1h187.35−0.123%$220K25xas long as short
Popdex EWYUSDTlong+0.0048%1h187.58long leg$197K$151K20x
Coinbase International EWY-PERP-INTXshort+0.0048%1h187.84+0.139%$522K$273K20x
tradeXYZ xyz:EWY+0.0050%1h187.39−0.101%$6.4M$14.2M20xas long as short
Entropy io:EWY+0.0050%1h187.74+0.085%$143K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.37−0.112%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.79+0.112%$751$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.69+0.059%$224K$317K10xas long as short
Paradex EWY-USD-PERP+0.0059%8h187.60+0.008%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h187.66+0.043%$966K$595K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.72+0.075%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.82+0.128%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0123%1h187.79+0.112%$2K$14K20xas long as short
edgeX EWYUSDC+0.0454%4h187.85+0.142%$421K$284K20xas long as short