Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG138.72+0.0616pay 0.0077% / 1h46m 29s$440K$845K20xLong Deribit
SHORT139.14−0.0050pay 0.0050% / 8h7h 46m$968K$1.5M—Short BingX
Price gap+0.303%
Funding gap−0.0666% /8h

The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $20 a day and eats that in about 20 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$8−0.0666% /8h now · paid +0.080% over the last 7D
Price+$17spread +0.303% now, avg +0.136% → +0.167% if it goes back
Costs−$410.414% of $10k · taker + slippage, in and out
Result−$17−0.17%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.080% in total, about +0.0038%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.303%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

EWY on 33 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size15.0 / 5.4 bp
    At $10k entering Deribit costs 15.0 bp, fee and slippage, 2.8× BingX’s.
  • Note: Margin at max leverage$500 + —
    Deribit 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$19.97Long Deribit: 24 payments, −$18.47; short BingX: 3 payments, −$1.50.
  • OK: Entry gap works for you+0.303% vs +0.136%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$440K vs $968K OI
    Deribit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCDeribit Yes · BingX Yes
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0038%/8h × 21 periods+$7.98
Price spread+0.303% → +0.136% (7d avg)+$16.66
Slippage, 4 orderslive order books−$24.42
Fee Deribit bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$16.79
Costs to cover0.414%Break-even21.7 days
Slippage: Deribit: live order book, 35 min ago; BingX: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGDeribit2.5115.0 bp−$1523.7 bp−$237doesn’t fitdoesn’t fit
SELL · SHORTBingX0.365.4 bp−$56.3 bp−$6311.4 bp−$1,14361.1 bp−$30.6K

Closing costs about the same again.

Alert

EWY news

posts that mention EWY or iShares MSCI South Korea ETF, from every exchange
10-28 04:08SoDEXOther🇰🇷 KOREAN STOCKS ARE ON FIRE! 🚀🔥 SK hynix delivers blockbuster Q3 earnings! 📈 Revenue +328% YoY 💰 Operating profit +631% YoY 🔥 KOSPI +5.8% as AI chip demand fuels the rally! 🚀 Catch the Korean market momentum on SoDEX! 📊 4 Trading Opportunities: 🔥 $SKHX +3.77% — 2× Long SK hynix ETF 🔥 $SKHY +1.92% — SK hynix ADR 🔥 $EWY +3.10% — South Korea ETF 🚀 $KORU +8.91% — 3× Leveraged South Korea ETF 👀 Will the AI-driven rally continue? 👉 Trade now: ETF/ADR changes: Oct 27 U.S. close. KOSPI: Oct 28, 11:20 AM KST. @sodex_official on X ↗
10-19 12:48Polymarket PerpsOtherJUST IN: South Korean stocks rally as semiconductor names show strength, with $SOXL, $SKHYNIX, & $EWY among the top gainers on Polymarket Perps. @Poly_Perps on X ↗
10-15 11:40Kraken FuturesListingnew market PF_EWYUSD ($EWY) seen by our collector
09-25 19:30Vest MarketsOtherTrade $EWY volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
09-25 19:30Vest MarketsOtherHeading into the close, Korean chip names are extending their advance, with $EWY up around 2.5% today. SK Hynix and Samsung Electronics, which make up nearly half the fund, are extending gains on AI memory demand. The fund is up around 135% over the past year and about 14% below its June high. @VestExchange on X ↗
09-18 15:04EntropyListingNew listing: iShares MSCI South Korea ETF ($EWY) at 25x Leverage. @entropyIO on X ↗