Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0376%/8h= −41.1% APRpaid last 24h −0.051%

Price spread now: Bitget against Vest−0.021%7-day average −0.057% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.021%, 7d avg −0.057%

Together, before fees−0.108%+ Points / potential airdropVest: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.035% dearer against Vest than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.057%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 4 days (−0.085% in total) that is about 36 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.085% in total (about -8.6% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest EWY-USD-PERP	187.66	0.0046	pay 0.0006% / 1h	57m 31s	—	$215K	25x
Short	Bitget EWYUSDT	187.62	−0.0330	pay 0.0330% / 8h	6h 57m	$3.1M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$78.89
Price spread: −0.021% → −0.057%: $3.53
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$89.37
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.07 bp	7.9 bp −$8	12.7 bp −$127	24.1 bp −$2,411	79.4 bp −$39.7K

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EWYUSDTshort	−0.0330%	8h	187.62	−0.021%	$3.1M	$2.8M	20x
BloFin EWY-USDT	−0.0026%	8h	187.31	−0.187%	$48K	$223K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.36	−0.160%	$290K	$14K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.50	−0.086%	$238K	$896K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.59	−0.039%	$26.8M	$82.3M	50x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.58	−0.043%	$4.0M	$4.6M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.64	−0.011%	$4.0M	$4.5M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.56	−0.053%	$7.5M	$4.1M	100x	as long as short
Variational Omni EWY	0.0000%	8h	186.89	−0.410%	$1.2M	$923K	—	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	186.96	−0.376%	$733K	$414K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWY-USDT	0.0000%	8h	187.38	−0.149%	—	$2.1M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.97	−0.368%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.62	−0.021%	$1.7M	$37K	10x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0017%	1h	187.66	0.000%	$3K	$15K	20x	as long as short
Lighter EWY	+0.0032%	1h	187.47	−0.101%	$380K	$41K	20x	as long as short
Vest EWY-USD-PERPlong	+0.0046%	1h	187.66	long leg	—	$215K	25x
Popdex EWYUSDT	+0.0048%	1h	187.64	−0.011%	$197K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.51	−0.080%	$5.8M	$15.1M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.29	−0.197%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.40	−0.139%	$4K	$4K	20x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.47	−0.101%	$235K	$313K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	187.65	−0.004%	$23	—	5x	as long as short
Hotstuff EWY-PERP	+0.0096%	1h	187.48	−0.096%	$28K	$16K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.47	−0.101%	$965K	$648K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.94	−0.384%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.66	0.000%	$2K	$1K	20x	as long as short
Bybit EWYUSDT	+0.0123%	8h	187.63	−0.016%	$5.0M	$4.6M	100x	as long as short
Coinbase International EWY-PERP-INTX	+0.0128%	1h	186.97	−0.368%	$519K	$237K	20x	as long as short
SoDEX EWY-USD	+0.0683%	1h	187.43	−0.123%	$758	$3K	10x	as long as short
edgeX EWYUSDC	+0.0756%	4h	187.16	−0.264%	$420K	$284K	20x	as long as short