Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%
Price spread now: Phemex against Bybit−0.042%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.042%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit EWYUSDT | 189.01 | 0 | get 0.0000% / 8h | 1h 58m | $5.6M | $3.5M | 100x |
| Short | Phemex EWYUSDT | 188.93 | 0 | get 0.0000% / 8h | 1h 58m | $1.7M | $37K | 10x |
Bybit EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.042% → −0.005%
- −$3.7
- Slippage, 4 orders
- −$91.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$118.61
- Costs to cover
- 1.149%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.79 bp | 9.0 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.38 bp | 52.9 bp −$53 | 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 | −0.0016% | 1h | 188.80 | −0.111% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDTlong | 0.0000% | 8h | 189.01 | long leg | $5.6M | $3.5M | 100x | |
| Gate EWY_USDT | 0.0000% | 8h | 188.92 | −0.048% | $3.2M | $2.7M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.55 | −0.243% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 188.93 | −0.042% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 188.82 | −0.101% | $376K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.84 | −0.090% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.87 | −0.074% | $193K | $138K | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.73 | −0.148% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.87 | −0.074% | $772 | $3K | 10x | as long as short |
Hotstuff EWY-PERP
Gate EWY_USDT
SunX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Polymarket Perps EWY-USD
SoDEX EWY-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.86 | −0.079% | $6.4M | $14.9M | 20x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.69 | −0.169% | $221K | $181K | 10x | as long as short |
| HTX EWY-USDT | +0.0077% | 8h | 188.92 | −0.048% | $36K | $8K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.83 | −0.095% | $958K | $725K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.65 | −0.190% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.91 | −0.053% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0113% | 8h | 189.05 | +0.021% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0116% | 8h | 188.91 | −0.053% | $2.5M | $1.4M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0120% | 1h | 188.92 | −0.048% | $524K | $327K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0121% | 1h | 188.96 | −0.026% | $2K | $13K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0169% | 8h | 188.99 | −0.011% | $4.0M | $4.0M | 50x | as long as short |
| Entropy io:EWY | +0.0192% | 1h | 188.87 | −0.074% | $49K | $36K | 25x | as long as short |
| Aster EWYUSDT | +0.0326% | 8h | 188.76 | −0.134% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0358% | 8h | 188.86 | −0.080% | $1.4M | $899K | — | as long as short |
| Extended EWY_24_5-USD | +0.0408% | 1h | 188.89 | −0.063% | $304K | $410K | 10x | as long as short |
| MEXC EWY_USDT | +0.0409% | 8h | 188.92 | −0.048% | $7.5M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0415% | 8h | 188.92 | −0.048% | $28.3M | $79.6M | 50x | as long as short |
| BloFin EWY-USDT | +0.0423% | 8h | 188.91 | −0.053% | $47K | $214K | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0524% | 8h | 188.85 | −0.082% | $747K | $410K | 10x | as long as short |
| edgeX EWYUSDC | +0.0706% | 4h | 188.85 | −0.086% | $423K | $275K | 20x | as long as short |
tradeXYZ xyz:EWY
Ondo Perps EWY-USD.P
HTX EWY-USDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
Bitget EWYUSDT
Coinbase International EWY-PERP-INTX
Deribit EWY_USDC-PERPETUAL
OKX EWY-USDT-SWAP
Entropy io:EWY
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT
BloFin EWY-USDT
GRVT EWY_USDT_Perp
edgeX EWYUSDC