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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against SunX−0.005%7-day average −0.041% · 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 7 days+0.083%+$8 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.005%, 7d avg −0.041%
Together, before fees+0.070%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EWY-USDT187.570get 0.0000% / 8h2h 25m$2.5M20x
ShortLighter EWY187.560.0032get 0.0004% / 1h25m 01s$380K$40K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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
$6.72
Price spread: −0.005% → −0.041%
$3.53
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$2.25
Costs to cover
0.080%
Break-even
4.7 days
Slippage unknown: SunX: live order book, 2 min ago; Lighter: live order book, 15 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 SunX live order book, 2 min ago500.23 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 15 min ago3.19 bp6.4 bp −$615.3 bp −$15348.5 bp −$4,851doesn'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
Hotstuff EWY-PERP−0.0136%1h187.36−0.112%$28K$12K20xas long as short
Bitget EWYUSDT−0.0067%8h187.91+0.181%$2.7M$2.3M20xas long as short
BloFin EWY-USDT−0.0025%8h187.78+0.112%$48K$215K50xas long as short
Aster EWYUSDT0.0000%8h187.71+0.075%$291K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.75+0.096%$230K$491K10xas long as short
Binance EWYUSDT0.0000%8h187.77+0.107%$27.2M$79.7M50xas long as short
Bybit EWYUSDT0.0000%8h187.81+0.128%$4.9M$4.6M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.72+0.080%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h187.82+0.133%$4.1M$4.1M50xas long as short
MEXC EWY_USDT0.0000%8h187.84+0.144%$6.8M$4.0M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni EWY0.0000%8h187.64+0.039%$1.2M$1.1Mas long as short
GRVT EWY_USDT_Perp0.0000%8h187.89+0.172%$743K$415K10xas long as short
SunX EWY-USDTlong0.0000%8h187.57long leg$2.5M20x
HTX EWY-USDT0.0000%8h187.60+0.016%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.83+0.139%$1.7M$37K10xas long as short
Lighter EWYshort+0.0032%1h187.56−0.005%$380K$40K20x
Coinbase International EWY-PERP-INTX+0.0040%1h187.35−0.117%$521K$276K20xas long as short
Vest EWY-USD-PERP+0.0046%1h187.54−0.016%$220K25xas long as short
Popdex EWYUSDT+0.0048%1h187.86+0.155%$197K$148K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.72+0.080%$6.3M$14.5M20xas long as short
Entropy io:EWY+0.0050%1h187.53−0.021%$87K$93K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.68+0.059%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.68+0.059%$732$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.81+0.128%$214K$316K10xas long as short
Paradex EWY-USD-PERP+0.0053%8h187.74+0.093%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h187.56−0.005%$966K$603K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.570.000%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.68+0.059%$2K$1K20xas long as short
edgeX EWYUSDC+0.0448%4h187.35−0.116%$420K$284K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0496%1h187.72+0.080%$2K$14K20xas long as short