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

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.053%
Price spread now: Popdex against Variational Omni+0.052%7-day average +0.008% · you sell dearer than you buy
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)−0.022%−$2 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.052%, 7d avg +0.008%
Together, before fees−0.062%+ Points / potential airdropVariational Omni: Active · farm board−$6 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 Popdex is 0.044% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni EWY187.890get 0.0000% / 8h1h 43m$1.2M$1.1M
ShortPopdex EWYUSDT187.990.0048get 0.0006% / 1h43m 58s$197K$151K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Variational Omni. 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
$10.08
Price spread: +0.052% → +0.008%
$4.4
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$8.08
Costs to cover
0.064%
Break-even
1.4 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Popdex: live order book, 65 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 Variational Omni RFQ quote, 5 min ago2.23 bpdoesn't fit4.1 bp −$41doesn't fitdoesn't fit
Sell Popdex live order book, 65 min ago1.06 bp5.2 bp −$59.0 bp −$90doesn'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
Hotstuff EWY-PERP−0.0144%1h187.79−0.054%$28K$12K20xas long as short
Bitget EWYUSDT−0.0131%8h187.94+0.025%$2.7M$2.3M20xas long as short
Aster EWYUSDT0.0000%8h187.93+0.020%$291K$12K20xas long as short
Extended EWY_24_5-USD0.0000%1h187.83−0.031%$239K$498K10xas long as short
Binance EWYUSDT0.0000%8h187.91+0.010%$27.2M$81.9M50xas long as short
Bybit EWYUSDT0.0000%8h187.94+0.025%$5.0M$4.8M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h187.81−0.044%$4.1M$4.3M50xas long as short
Gate EWY_USDT0.0000%8h187.93+0.020%$4.0M$4.3M50xas long as short
MEXC EWY_USDT0.0000%8h187.86−0.017%$8.6M$4.5M100xas long as short
Variational Omni EWYlong0.0000%8h187.89long leg$1.2M$1.1M
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT EWY_USDT_Perp0.0000%8h188.07+0.095%$744K$425K10xas long as short
SunX EWY-USDT0.0000%8h187.90+0.004%$2.5M20xas long as short
Deribit EWY_USDC-PERPETUAL0.0000%1h187.88−0.006%$2K$14K20xas long as short
HTX EWY-USDT0.0000%8h188.25+0.190%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h187.89−0.001%$1.7M$36K10xas long as short
BloFin EWY-USDT+0.0021%8h188.04+0.079%$48K$216K50xas long as short
Lighter EWY+0.0032%1h187.80−0.049%$381K$40K20xas long as short
Vest EWY-USD-PERP+0.0046%1h187.74−0.081%$220K25xas long as short
Popdex EWYUSDTshort+0.0048%1h187.99+0.052%$197K$151K20x
Coinbase International EWY-PERP-INTX+0.0048%1h187.85−0.022%$522K$273K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h187.79−0.054%$6.4M$14.4M20xas long as short
Entropy io:EWY+0.0050%1h187.91+0.010%$143K$119K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h187.82−0.038%$4K$12620xas long as short
SoDEX EWY-USD+0.0050%1h187.84−0.028%$753$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h187.75−0.076%$212K$317K10xas long as short
Paradex EWY-USD-PERP+0.0060%8h188.00+0.057%$235xas long as short
KuCoin EWYUSDTM+0.0100%8h187.75−0.076%$967K$597K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h187.92+0.015%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h187.93+0.020%$2K$1K20xas long as short
edgeX EWYUSDC+0.0535%4h187.98+0.048%$421K$286K20xas long as short