Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Phemex against ApeX Omni+0.168%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1781.778% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.168%, 7d avg +0.025%
=The price spread pays, funding is against you. Phemex is 0.143% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.025%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni EWYUSDT | 190.38 | 0.0100 | pay 0.0013% / 1h | 5m 13s | $13K | $264K | 50x |
| Short | Phemex EWYUSDT | 190.70 | 0 | get 0.0000% / 8h | 7h 05m | $1.7M | $37K | 10x |
ApeX Omni EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.168% → +0.025%
- $14.32
- Slippage, 4 orders
- −$155.82
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$184.51
- Costs to cover
- 1.778%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Phemex: live order book, 3 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, 2 min ago | 28.60 bp | 40.3 bp −$40 | 194.9 bp −$1,949 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.79 bp | 57.3 bp −$57 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDT | 0.0000% | 8h | 190.75 | +0.194% | $5.2M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.72 | +0.179% | $4.0M | $3.5M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.43 | +0.026% | $753K | $386K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.52 | +0.074% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 190.63 | +0.131% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.48 | +0.053% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.70 | +0.168% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.52 | +0.074% | $386K | $64K | 20x | as long as short |
| edgeX EWYUSDC | +0.0036% | 4h | 190.62 | +0.127% | $427K | $282K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.94 | +0.294% | — | $220K | 25x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Lighter EWY
edgeX EWYUSDC
Vest EWY-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 190.73 | +0.184% | $196K | $142K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.68 | +0.158% | $6.3M | $14.5M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.47 | +0.047% | $52K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.54 | +0.084% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.72 | +0.179% | $520 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.46 | +0.042% | $229K | $235K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0070% | 8h | 190.73 | +0.186% | $23 | — | 5x | as long as short |
| Hotstuff EWY-PERP | +0.0096% | 1h | 190.68 | +0.158% | $29K | $12K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.52 | +0.074% | $982K | $648K | 20x | as long as short |
| ApeX Omni EWYUSDTlong | +0.0100% | 1h | 190.38 | long leg | $13K | $264K | 50x | |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.73 | +0.184% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 190.54 | +0.084% | $532K | $341K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0276% | 8h | 190.73 | +0.184% | $4.2M | $3.5M | 50x | as long as short |
| Bitget EWYUSDT | +0.0448% | 8h | 190.72 | +0.179% | $2.7M | $1.6M | 20x | as long as short |
| Aster EWYUSDT | +0.0480% | 8h | 190.68 | +0.156% | $296K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0572% | 8h | 190.68 | +0.157% | $1.2M | $1.1M | — | as long as short |
| BloFin EWY-USDT | +0.0586% | 8h | 190.74 | +0.189% | $47K | $214K | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0600% | 1h | 190.68 | +0.157% | $304K | $670K | 10x | as long as short |
| Binance EWYUSDT | +0.0601% | 8h | 190.72 | +0.178% | $28.6M | $77.4M | 50x | as long as short |
| MEXC EWY_USDT | +0.0601% | 8h | 190.72 | +0.179% | $7.4M | $4.6M | 100x | as long as short |
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Hotstuff EWY-PERP
KuCoin EWYUSDTM
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
OKX EWY-USDT-SWAP
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT