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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h +0.018%
Price spread now: OKX against Popdex+0.011%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.282% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.011%, 7d avg −0.007%
Together, before fees+0.040%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.007% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex EWYUSDT190.010.0048pay 0.0006% / 1h45m 27s$196K$142K20x
ShortOKX EWY-USDT-SWAP190.030.0336get 0.0336% / 8h7h 45m$4.1M$3.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$60.38
Price spread: +0.011% → −0.007%
$1.74
Slippage, 4 orders
−$11.84
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee OKX: 5 bp × 2 orders
−$10
Net
$33.88
Costs to cover
0.282%
Break-even
3.1 days
Slippage from Popdex: live order book, 28 min ago; OKX: live order book, 2 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, 28 min ago0.79 bp7.1 bp −$714.3 bp −$143doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.26 bp8.0 bp −$812.1 bp −$121doesn'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
Gate EWY_USDT0.0000%8h190.04+0.016%$4.1M$3.3M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.29+0.148%$753K$386K10xas long as short
SunX EWY-USDT0.0000%8h190.11+0.053%$2.7M20xas long as short
HTX EWY-USDT0.0000%8h190.24+0.121%$26K$29K20xas long as short
Phemex EWYUSDT0.0000%8h190.06+0.026%$1.7M$38K10xas long as short
Lighter EWY+0.0032%1h189.94−0.037%$379K$54K20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.13+0.063%$220K25xas long as short
Popdex EWYUSDTlong+0.0048%1h190.01long leg$196K$142K20x
Entropy io:EWY+0.0050%1h189.97−0.021%$51K$58K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h189.84−0.089%$4K$12620xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX EWY-USD+0.0050%1h190.06+0.026%$788$3K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.02+0.005%$242K$214K10xas long as short
Deribit EWY_USDC-PERPETUAL+0.0066%1h190.08+0.037%$2K$13K20xas long as short
Bybit EWYUSDT+0.0075%8h190.02+0.005%$5.3M$4.2M100xas long as short
KuCoin EWYUSDTM+0.0100%8h189.95−0.032%$978K$677K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.14+0.068%$13K$263K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h190.14+0.068%$2K$1K20xas long as short
Paradex EWY-USD-PERP+0.0101%8h190.05+0.022%$235xas long as short
tradeXYZ xyz:EWY+0.0131%1h189.97−0.021%$6.4M$14.9M20xas long as short
Coinbase International EWY-PERP-INTX+0.0144%1h189.78−0.121%$530K$337K20xas long as short
Bitget EWYUSDT+0.0293%8h190.04+0.016%$2.7M$1.6M20xas long as short
OKX EWY-USDT-SWAPshort+0.0336%8h190.03+0.011%$4.1M$3.6M50x
Hotstuff EWY-PERP+0.0496%1h190.03+0.011%$28K$12K20xas long as short
Aster EWYUSDT+0.0551%8h190.14+0.070%$295K$12K20xas long as short
Variational Omni EWY+0.0650%8h190.13+0.061%$1.2M$1.3Mas long as short
BloFin EWY-USDT+0.0653%8h190.28+0.142%$47K$214K50xas long as short
edgeX EWYUSDC+0.0673%4h190.12+0.059%$426K$283K20xas long as short
Binance EWYUSDT+0.0678%8h190.00−0.005%$28.6M$78.5M50xas long as short
Extended EWY_24_5-USD+0.0680%1h189.97−0.022%$299K$501K10xas long as short
MEXC EWY_USDT+0.0680%8h190.00−0.005%$7.6M$4.5M100xas long as short