EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0325%/8h= −35.6% APRnext payment −$3.25 per $10,000 · paid last 24h −0.053%

Price spread now: Bybit against BloFin−0.021%52s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$300.302% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.021%, 7d avg +0.007%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EWY-USDT	188.31	0.0325	pay 0.0325% / 8h	5h 28m	$48K	$241K	50x
Short	Bybit EWYUSDT	188.27	0	get 0.0000% / 8h	5h 28m	$5.0M	$5.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$68.22
Price spread: −0.021% → +0.007%: −$2.86
Slippage, 4 orders: −$7.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.32
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Bybit: live order book, 2 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 BloFin live order book, 10 min ago	0.26 bp	6.3 bp −$6	8.8 bp −$88	17.6 bp −$1,755	doesn't fit
Sell Bybit live order book, 2 min ago	0.27 bp	8.7 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit

EWY on 30 exchanges

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	−8.0000%	1h	188.14	−0.090%	$28K	$16K	20x	as long as short
Bybit EWYUSDTshort	0.0000%	8h	188.27	−0.021%	$5.0M	$5.0M	100x
OKX EWY-USDT-SWAP	0.0000%	8h	188.26	−0.027%	$4.0M	$4.9M	50x	as long as short
Bitget EWYUSDT	0.0000%	8h	188.28	−0.016%	$3.1M	$3.1M	20x	as long as short
SunX EWY-USDT	0.0000%	8h	187.96	−0.186%	—	$1.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	188.28	−0.016%	$1.7M	$37K	10x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0016%	1h	188.21	−0.053%	$3K	$12K	20x	as long as short
Lighter EWY	+0.0032%	1h	188.16	−0.080%	$382K	$44K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	188.27	−0.021%	—	$224K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	188.27	−0.021%	$201K	$166K	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:EWY	+0.0050%	1h	188.14	−0.090%	$5.9M	$15.5M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	188.21	−0.053%	$143K	$118K	25x	as long as short
SoDEX EWY-USD	+0.0050%	1h	188.23	−0.042%	$774	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.97	−0.181%	$225K	$315K	10x	as long as short
Paradex EWY-USD-PERP	+0.0056%	8h	188.41	+0.053%	$23	—	5x	as long as short
Gate EWY_USDT	+0.0068%	8h	188.31	0.000%	$4.0M	$4.8M	50x	as long as short
Coinbase International EWY-PERP-INTX	+0.0088%	1h	188.10	−0.112%	$523K	$253K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	188.10	−0.112%	$968K	$720K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	188.28	−0.016%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	188.27	−0.021%	$2K	$1K	20x	as long as short
edgeX EWYUSDC	+0.0140%	4h	188.22	−0.046%	$422K	$290K	20x	as long as short
Polymarket Perps EWY-USD	+0.0182%	1h	188.40	+0.048%	$4K	$7K	20x	as long as short
Aster EWYUSDT	+0.0235%	8h	188.14	−0.092%	$291K	$14K	20x	as long as short
Variational Omni EWY	+0.0289%	8h	188.24	−0.037%	$1.1M	$941K	—	as long as short
BloFin EWY-USDTlong	+0.0325%	8h	188.31	long leg	$48K	$241K	50x
MEXC EWY_USDT	+0.0326%	8h	188.23	−0.042%	$7.4M	$4.4M	100x	as long as short
Extended EWY_24_5-USD	+0.0328%	1h	188.16	−0.079%	$247K	$935K	10x	as long as short
Binance EWYUSDT	+0.0329%	8h	188.22	−0.045%	$26.1M	$86.6M	50x	as long as short
HTX EWY-USDT	+0.0501%	8h	188.29	−0.011%	$22K	$36K	20x	as long as short
GRVT EWY_USDT_Perp	+0.0982%	8h	188.28	−0.015%	$738K	$412K	10x	as long as short