Funding you earn now, next payment 05:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.024%
Price spread now: Bybit against Deribit+0.026%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.026% dearer against Deribit than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 45 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 | Deribit EWY_USDC-PERPETUAL | 189.95 | 0.0329 | pay 0.0041% / 1h | 52m 26s | $2K | $13K | 20x |
| Short | Bybit EWYUSDT | 190.00 | 0 | get 0.0000% / 8h | 3h 52m | $5.1M | $4.2M | 100x |
Deribit EWY_USDC-PERPETUAL
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- −$69.18
- Price spread: +0.026% → 0.000%
- $2.63
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$84.55
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 0.53 bp | 8.4 bp −$8 | 10.3 bp −$103 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0128% | 1h | 189.92 | −0.016% | $28K | $12K | 20x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 190.04 | +0.046% | $295K | $12K | 20x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 190.00 | +0.026% | $5.1M | $4.2M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.99 | +0.021% | $4.1M | $3.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.01 | +0.032% | $4.2M | $3.8M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 190.11 | +0.084% | $2.7M | $2.0M | 20x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.09 | +0.075% | $752K | $396K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.92 | −0.016% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.72 | +0.405% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.08 | +0.068% | $1.7M | $37K | 10x | as long as short |
Hotstuff EWY-PERP
Aster EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
Bitget EWYUSDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | +0.0015% | 8h | 190.01 | +0.033% | $1.2M | $1.1M | — | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.82 | −0.068% | $384K | $39K | 20x | as long as short |
| edgeX EWYUSDC | +0.0035% | 4h | 190.02 | +0.038% | $426K | $283K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.05 | +0.053% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.00 | +0.026% | $198K | $146K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.58 | +0.332% | $532K | $294K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.88 | −0.037% | $6.1M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.95 | 0.000% | $30K | $65K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.81 | −0.074% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.05 | +0.053% | $750 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.87 | −0.042% | $200K | $267K | 10x | as long as short |
| Binance EWYUSDT | +0.0053% | 8h | 190.00 | +0.024% | $27.7M | $76.3M | 50x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 189.99 | +0.019% | $23 | — | 5x | as long as short |
| MEXC EWY_USDT | +0.0054% | 8h | 189.98 | +0.016% | $6.2M | $3.8M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0056% | 1h | 189.92 | −0.017% | $301K | $669K | 10x | as long as short |
| BloFin EWY-USDT | +0.0057% | 8h | 190.07 | +0.063% | $48K | $213K | 50x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.89 | −0.032% | $978K | $613K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.02 | +0.037% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.99 | +0.021% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUALlong | +0.0329% | 1h | 189.95 | long leg | $2K | $13K | 20x |
Variational Omni EWY
Lighter EWY
edgeX EWYUSDC
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
Binance EWYUSDT
Paradex EWY-USD-PERP
MEXC EWY_USDT
Extended EWY_24_5-USD
BloFin EWY-USDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos