Funding you earn now, next payment 00:00 UTC+0.0411%/8h= +45.0% APRnext payment +$4.11 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Bitget−0.032%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.032%, 7d avg +0.002%
=Funding pays, the price is against you. BloFin is 0.033% cheaper against Bitget than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.002%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.152% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.11 per $10,000. 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 | Bitget EWYUSDT | 189.31 | 0.0169 | pay 0.0169% / 8h | 1h 27m | $2.5M | $1.5M | 20x |
| Short | BloFin EWY-USDT | 189.25 | 0.0580 | get 0.0580% / 8h | 1h 27m | $47K | $214K | 50x |
Bitget EWYUSDT
BloFin EWY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $86.28
- Price spread: −0.032% → +0.002%
- −$3.35
- Slippage, 4 orders
- −$7.86
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $51.07
- Costs to cover
- 0.319%
- Break-even
- 2.9 days
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 48 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 Bitget live order book, 5 min ago | 0.53 bp | 10.7 bp −$11 | 15.6 bp −$156 | 23.0 bp −$2,299 | 59.0 bp −$29.5K |
| Sell BloFin live order book, 48 min ago | 0.26 bp | 6.3 bp −$6 | 9.5 bp −$95 | 16.7 bp −$1,675 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0024% | 1h | 189.22 | −0.048% | $28K | $12K | 20x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.26 | −0.026% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.97 | −0.180% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.28 | −0.016% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.15 | −0.085% | $377K | $95K | 20x | as long as short |
| Bybit EWYUSDT | +0.0040% | 8h | 189.41 | +0.053% | $5.2M | $4.1M | 100x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.29 | −0.011% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.28 | −0.016% | $194K | $138K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.23 | −0.042% | $6.4M | $14.8M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.09 | −0.116% | $49K | $36K | 25x | as long as short |
Hotstuff EWY-PERP
Gate EWY_USDT
SunX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Bybit EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.11 | −0.106% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.27 | −0.021% | $781 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.18 | −0.069% | $221K | $182K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.14 | −0.090% | $959K | $725K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.03 | −0.148% | $13K | $262K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.26 | −0.026% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0120% | 1h | 189.19 | −0.063% | $525K | $332K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0143% | 8h | 189.41 | +0.050% | $23 | — | 5x | as long as short |
| edgeX EWYUSDC | +0.0143% | 4h | 189.24 | −0.036% | $424K | $273K | 20x | as long as short |
| Bitget EWYUSDTlong | +0.0169% | 8h | 189.31 | long leg | $2.5M | $1.5M | 20x | |
| HTX EWY-USDT | +0.0204% | 8h | 189.20 | −0.058% | $36K | $8K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0226% | 8h | 189.35 | +0.021% | $4.0M | $4.1M | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0384% | 1h | 189.28 | −0.016% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0465% | 8h | 189.12 | −0.102% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0513% | 8h | 189.11 | −0.105% | $1.4M | $899K | — | as long as short |
| MEXC EWY_USDT | +0.0565% | 8h | 189.27 | −0.021% | $7.5M | $4.5M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0568% | 1h | 189.24 | −0.035% | $304K | $403K | 10x | as long as short |
| Binance EWYUSDT | +0.0571% | 8h | 189.28 | −0.016% | $28.5M | $79.4M | 50x | as long as short |
| BloFin EWY-USDTshort | +0.0580% | 8h | 189.25 | −0.032% | $47K | $214K | 50x | |
| GRVT EWY_USDT_Perp | +0.0654% | 8h | 189.31 | +0.001% | $749K | $401K | 10x | as long as short |
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
edgeX EWYUSDC
HTX EWY-USDT
OKX EWY-USDT-SWAP
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
GRVT EWY_USDT_Perp