Funding you earn now, next payment 10:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h 0.000%
Price spread now: Entropy against Bybit−0.330%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 4 days (all we have)+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.330%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.271% cheaper against Bybit than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.059%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit EWYUSDT | 187.82 | 0.0133 | pay 0.0133% / 8h | 6h 58m | $5.0M | $4.6M | 100x |
| Short | Entropy io:EWY | 187.20 | 0.0050 | get 0.0006% / 1h | 58m 27s | $142K | $119K | 25x |
Bybit EWYUSDT
Entropy io:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Bybit. 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
- −$17.5
- Price spread: −0.330% → −0.059%
- −$27.12
- Slippage, 4 orders
- −$44.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$118.29
- Costs to cover
- 0.737%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Entropy: live order book, 58 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 Bybit live order book, 4 min ago | 0.27 bp | 8.6 bp −$9 | 13.6 bp −$136 | 155.2 bp −$15.5K | doesn't fit |
| Sell Entropy live order book, 58 min ago | 10.21 bp | 30.0 bp −$30 | 128.2 bp −$1,282 | 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 | −0.5120% | 1h | 186.98 | −0.447% | $28K | $16K | 20x | as long as short |
| Bitget EWYUSDT | −0.0335% | 8h | 187.79 | −0.016% | $3.1M | $2.8M | 20x | as long as short |
| BloFin EWY-USDT | −0.0026% | 8h | 187.31 | −0.272% | $48K | $223K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.47 | −0.186% | $290K | $14K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.52 | −0.161% | $238K | $896K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.68 | −0.075% | $26.8M | $82.4M | 50x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.77 | −0.027% | $4.0M | $4.7M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.80 | −0.011% | $4.0M | $4.5M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.75 | −0.037% | $7.5M | $4.1M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 186.89 | −0.495% | $1.2M | $923K | — | as long as short |
Hotstuff EWY-PERP
Bitget EWYUSDT
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 186.96 | −0.460% | $733K | $414K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 187.06 | −0.405% | — | $2.1M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 186.97 | −0.453% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.38 | −0.234% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.46 | −0.192% | $380K | $41K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 187.68 | −0.075% | — | $215K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.71 | −0.059% | $197K | $154K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.69 | −0.069% | $5.9M | $15.0M | 20x | as long as short |
| Entropy io:EWYshort | +0.0050% | 1h | 187.20 | −0.330% | $142K | $119K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.58 | −0.128% | $4K | $4K | 20x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 186.71 | −0.591% | $235K | $309K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0061% | 8h | 187.63 | −0.101% | $23 | — | 5x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0070% | 1h | 187.35 | −0.250% | $3K | $15K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.57 | −0.133% | $966K | $647K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 186.94 | −0.469% | $13K | $266K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.66 | −0.085% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0128% | 1h | 186.97 | −0.453% | $519K | $237K | 20x | as long as short |
| Bybit EWYUSDTlong | +0.0133% | 8h | 187.82 | long leg | $5.0M | $4.6M | 100x | |
| SoDEX EWY-USD | +0.0288% | 1h | 187.20 | −0.330% | $755 | $3K | 10x | as long as short |
| edgeX EWYUSDC | +0.0570% | 4h | 186.96 | −0.458% | $419K | $286K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Deribit EWY_USDC-PERPETUAL
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
SoDEX EWY-USD
edgeX EWYUSDC