Funding you earn now, next payment 08:00 UTC−0.0122%/8h= −13.3% APRnext payment −$1.22 per $10,000 · paid last 24h −0.070%
Price spread now: Phemex against Binance−0.029%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.029%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance EWYUSDT | 190.90 | 0.0122 | pay 0.0122% / 8h | 4h 20m | $28.2M | $76.4M | 50x |
| Short | Phemex EWYUSDT | 190.84 | 0 | get 0.0000% / 8h | 4h 20m | $1.7M | $37K | 10x |
Binance EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- −$25.53
- Price spread: −0.029% → +0.010%
- −$3.84
- Slippage, 4 orders
- −$91.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$142.58
- Costs to cover
- 1.132%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago | 0.26 bp | 5.3 bp −$5 | 7.4 bp −$74 | 20.7 bp −$2,069 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.31 bp | 67.4 bp −$67 | 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 | 190.90 | +0.003% | $5.2M | $4.2M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.89 | −0.003% | $4.2M | $3.8M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.77 | −0.066% | $754K | $394K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.96 | +0.034% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 190.92 | +0.013% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.97 | +0.039% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.84 | −0.029% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.86 | −0.018% | $387K | $39K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0033% | 8h | 190.81 | −0.045% | $4.2M | $3.4M | 50x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 190.57 | −0.170% | $531K | $300K | 20x | 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
OKX EWY-USDT-SWAP
Coinbase International EWY-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EWYUSDT | +0.0044% | 8h | 190.95 | +0.028% | $296K | $12K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 191.14 | +0.128% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.92 | +0.013% | $198K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.77 | −0.066% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.78 | −0.060% | $30K | $67K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.72 | −0.092% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.84 | −0.029% | $751 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.80 | −0.050% | $201K | $266K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0053% | 8h | 190.98 | +0.045% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0060% | 8h | 190.85 | −0.024% | $2.7M | $2.0M | 20x | as long as short |
| Variational Omni EWY | +0.0083% | 8h | 190.94 | +0.023% | $1.2M | $1.1M | — | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.78 | −0.060% | $983K | $623K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.59 | −0.160% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.91 | +0.008% | $2K | $1K | 20x | as long as short |
| Extended EWY_24_5-USD | +0.0120% | 1h | 190.87 | −0.012% | $301K | $669K | 10x | as long as short |
| Binance EWYUSDTlong | +0.0122% | 8h | 190.90 | long leg | $28.2M | $76.4M | 50x | |
| MEXC EWY_USDT | +0.0125% | 8h | 190.84 | −0.029% | $6.5M | $3.9M | 100x | as long as short |
| BloFin EWY-USDT | +0.0144% | 8h | 190.95 | +0.029% | $48K | $215K | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0216% | 1h | 190.86 | −0.018% | $29K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0916% | 4h | 190.70 | −0.101% | $428K | $284K | 20x | as long as short |
Aster EWYUSDT
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
Bitget EWYUSDT
Variational Omni EWY
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Extended EWY_24_5-USD
MEXC EWY_USDT
BloFin EWY-USDT
Hotstuff EWY-PERP
edgeX EWYUSDC