Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.59 per $10,000 · paid last 24h −0.031%
Price spread now: OKX against BloFin−0.084%103s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as 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−$290.287% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.084%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin EWY-USDT | 189.90 | 0.0059 | pay 0.0059% / 8h | 3h 45m | $47K | $213K | 50x |
| Short | OKX EWY-USDT-SWAP | 189.74 | 0 | get 0.0000% / 8h | 3h 45m | $4.1M | $3.4M | 50x |
BloFin EWY-USDT
OKX EWY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- −$12.37
- Price spread: −0.084% → −0.013%
- −$7.1
- Slippage, 4 orders
- −$6.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$48.15
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 45 min ago; OKX: 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, 45 min ago | 0.26 bp | 6.3 bp −$6 | 7.2 bp −$72 | 13.3 bp −$1,327 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.26 bp | 7.6 bp −$8 | 11.5 bp −$115 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EWYUSDT | 0.0000% | 8h | 189.83 | −0.037% | $294K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.75 | −0.079% | $5.1M | $4.2M | 100x | as long as short |
| OKX EWY-USDT-SWAPshort | 0.0000% | 8h | 189.74 | −0.084% | $4.1M | $3.4M | 50x | |
| Gate EWY_USDT | 0.0000% | 8h | 189.76 | −0.074% | $4.2M | $3.8M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.74 | −0.084% | $2.7M | $2.0M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 189.81 | −0.046% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.88 | −0.013% | $750K | $396K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.83 | −0.037% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.82 | −0.042% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.08 | +0.095% | $22K | $35K | 20x | as long as short |
Aster EWYUSDT
Bybit EWYUSDT
Gate EWY_USDT
Bitget EWYUSDT
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex EWYUSDT | 0.0000% | 8h | 189.79 | −0.058% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.60 | −0.158% | $384K | $39K | 20x | as long as short |
| Binance EWYUSDT | +0.0039% | 8h | 189.72 | −0.095% | $27.7M | $76.4M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0040% | 1h | 189.67 | −0.119% | $301K | $669K | 10x | as long as short |
| MEXC EWY_USDT | +0.0042% | 8h | 189.73 | −0.090% | $6.2M | $3.8M | 100x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.82 | −0.042% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.70 | −0.105% | $198K | $146K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.83 | −0.037% | $530K | $293K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.66 | −0.126% | $6.1M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.78 | −0.063% | $30K | $65K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.54 | −0.190% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.83 | −0.037% | $749 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.71 | −0.100% | $198K | $267K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 189.73 | −0.091% | $23 | — | 5x | as long as short |
| BloFin EWY-USDTlong | +0.0059% | 8h | 189.90 | long leg | $47K | $213K | 50x | |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.73 | −0.090% | $977K | $612K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.77 | −0.068% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.85 | −0.026% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0169% | 4h | 189.93 | +0.018% | $426K | $285K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0344% | 1h | 189.74 | −0.084% | $28K | $12K | 20x | as long as short |
Phemex EWYUSDT
Lighter EWY
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT
Vest EWY-USD-PERP
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC
Hotstuff EWY-PERP