Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.023%
Price spread now: Phemex against Bitget+0.016%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.016%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget EWYUSDT | 190.56 | 0.0040 | pay 0.0040% / 8h | 4h 42m | $2.7M | $2.0M | 20x |
| Short | Phemex EWYUSDT | 190.59 | 0 | get 0.0000% / 8h | 4h 42m | $1.7M | $37K | 10x |
Bitget EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$8.4
- Price spread: +0.016% → +0.001%
- $1.46
- Slippage, 4 orders
- −$90.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$121.82
- Costs to cover
- 1.149%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 5 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 | 1.05 bp | 10.9 bp −$11 | 15.9 bp −$159 | 29.6 bp −$2,960 | 62.9 bp −$31.5K |
| Sell Phemex live order book, 5 min ago | 1.31 bp | 46.5 bp −$46 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0056% | 1h | 190.38 | −0.094% | $29K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.68 | +0.063% | $5.1M | $4.2M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.66 | +0.052% | $4.2M | $3.8M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.43 | −0.069% | $753K | $393K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.59 | +0.016% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 190.59 | +0.016% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.44 | −0.063% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.59 | +0.016% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.49 | −0.037% | $386K | $39K | 20x | as long as short |
| Bitget EWYUSDTlong | +0.0040% | 8h | 190.56 | long leg | $2.7M | $2.0M | 20x |
Hotstuff EWY-PERP
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Lighter EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 190.39 | −0.089% | $531K | $305K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.69 | +0.068% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.57 | +0.005% | $198K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.51 | −0.026% | $6.2M | $13.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.41 | −0.079% | $46K | $59K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.47 | −0.047% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.57 | +0.005% | $749 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.25 | −0.163% | $201K | $267K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 190.70 | +0.076% | $23 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.0067% | 8h | 190.59 | +0.016% | $4.1M | $3.4M | 50x | as long as short |
| Aster EWYUSDT | +0.0093% | 8h | 190.64 | +0.044% | $296K | $12K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.56 | 0.000% | $982K | $622K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.32 | −0.126% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.58 | +0.010% | $2K | $1K | 20x | as long as short |
| Variational Omni EWY | +0.0135% | 8h | 190.37 | −0.100% | $1.2M | $1.1M | — | as long as short |
| BloFin EWY-USDT | +0.0163% | 8h | 190.56 | 0.000% | $48K | $214K | 50x | as long as short |
| Binance EWYUSDT | +0.0167% | 8h | 190.60 | +0.021% | $28.5M | $76.6M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0168% | 1h | 190.60 | +0.019% | $301K | $669K | 10x | as long as short |
| MEXC EWY_USDT | +0.0170% | 8h | 190.62 | +0.031% | $6.5M | $3.9M | 100x | as long as short |
| edgeX EWYUSDC | +0.0816% | 4h | 190.39 | −0.091% | $427K | $284K | 20x | as long as short |
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
OKX EWY-USDT-SWAP
Aster EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Variational Omni EWY
BloFin EWY-USDT
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT
edgeX EWYUSDC