Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%
Price spread now: Bybit against ApeX Omni+0.238%109s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$960.964% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.238%, 7d avg +0.031%
=The price spread pays, funding is against you. Bybit is 0.207% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.238% now, against its 7-day average of +0.031%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.097% in total) that is about 15 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni EWYUSDT | 188.93 | 0.0100 | pay 0.0013% / 1h | 51m 38s | $13K | $265K | 50x |
| Short | Bybit EWYUSDT | 189.38 | 0 | get 0.0000% / 8h | 2h 51m | $5.1M | $4.4M | 100x |
ApeX Omni EWYUSDT
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.238% → +0.031%
- $20.73
- Slippage, 4 orders
- −$75.41
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.68
- Costs to cover
- 0.964%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 60 min ago; Bybit: live order book, 1 min ago.
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 ApeX Omni live order book, 60 min ago | 28.42 bp | 40.6 bp −$41 | 216.5 bp −$2,165 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.53 bp | 8.2 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EWYUSDT | 0.0000% | 8h | 189.32 | +0.208% | $294K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 189.22 | +0.155% | $299K | $425K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 189.29 | +0.191% | $27.6M | $78.1M | 50x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 189.38 | +0.238% | $5.1M | $4.4M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.26 | +0.175% | $4.2M | $4.1M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.34 | +0.217% | $4.1M | $3.9M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 189.32 | +0.206% | $6.2M | $3.7M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.29 | +0.191% | $2.7M | $2.2M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 189.10 | +0.091% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.02 | +0.046% | $747K | $407K | 10x | as long as short |
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDT
Variational Omni EWY
GRVT EWY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWY-USDT | 0.0000% | 8h | 189.08 | +0.079% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.22 | +0.153% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.30 | +0.196% | $1.7M | $37K | 10x | as long as short |
| BloFin EWY-USDT | +0.0028% | 8h | 189.11 | +0.095% | $48K | $216K | 50x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.13 | +0.106% | $383K | $40K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 188.40 | −0.281% | $524K | $288K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.13 | +0.106% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.27 | +0.180% | $197K | $147K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.20 | +0.143% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.07 | +0.074% | $65K | $81K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.06 | +0.069% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.22 | +0.153% | $736 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.17 | +0.127% | $204K | $307K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0052% | 8h | 189.34 | +0.218% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.11 | +0.095% | $974K | $611K | 20x | as long as short |
| ApeX Omni EWYUSDTlong | +0.0100% | 1h | 188.93 | long leg | $13K | $265K | 50x | |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.20 | +0.143% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0144% | 1h | 189.02 | +0.048% | $28K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0229% | 4h | 188.99 | +0.030% | $424K | $284K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0279% | 1h | 189.17 | +0.127% | $2K | $14K | 20x | as long as short |
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
BloFin EWY-USDT
Lighter EWY
Coinbase International EWY-PERP-INTX
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
Orderly PERP_EWY_USDC_mythos
Hotstuff EWY-PERP
edgeX EWYUSDC
Deribit EWY_USDC-PERPETUAL