EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h −0.022%

Price spread now: Entropy against Deribit−0.245%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Entropy

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Entropy is 0.245% cheaper against Deribit than usual: you would sell low and buy high (spread −0.245% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 24 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EWY_USDC-PERPETUAL	187.66	0.0017	pay 0.0002% / 1h	58m 02s	$3K	$15K	20x
Short	Entropy io:EWY	187.20	0.0050	get 0.0006% / 1h	58m 02s	$142K	$119K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee EntropybpOrdersPrice spread, now −0.245%Rate

Funding earned: $7.03
Price spread: −0.245% → 0.000%: −$24.51
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$42.48
Costs to cover: 0.250%
Break-even: 49.3 days

Slippage unknown: Deribit: no order-book sample; Entropy: live order book, 59 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 Entropy live order book, 59 min ago	10.21 bp	30.0 bp −$30	128.2 bp −$1,282	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	−0.5120%	1h	186.98	−0.362%	$28K	$16K	20x	as long as short
Bitget EWYUSDT	−0.0335%	8h	187.64	−0.011%	$3.1M	$2.8M	20x	as long as short
BloFin EWY-USDT	−0.0026%	8h	187.31	−0.187%	$48K	$223K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.39	−0.146%	$290K	$14K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.56	−0.054%	$238K	$896K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.63	−0.016%	$26.8M	$82.4M	50x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.77	+0.059%	$4.0M	$4.7M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.63	−0.016%	$4.0M	$4.5M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.62	−0.021%	$7.5M	$4.1M	100x	as long as short
Variational Omni EWY	0.0000%	8h	186.89	−0.410%	$1.2M	$923K	—	as long as short

Show 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	−0.376%	$733K	$414K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.38	−0.149%	—	$2.1M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.97	−0.368%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.62	−0.021%	$1.7M	$37K	10x	as long as short
Deribit EWY_USDC-PERPETUALlong	+0.0017%	1h	187.66	long leg	$3K	$15K	20x
Lighter EWY	+0.0032%	1h	187.59	−0.037%	$380K	$41K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	187.68	+0.011%	—	$215K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.71	+0.027%	$197K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.52	−0.075%	$5.8M	$15.1M	20x	as long as short
Entropy io:EWYshort	+0.0050%	1h	187.20	−0.245%	$142K	$119K	25x
Polymarket Perps EWY-USD	+0.0050%	1h	187.58	−0.043%	$4K	$4K	20x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	186.71	−0.506%	$235K	$309K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	187.63	−0.016%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.55	−0.059%	$966K	$647K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.94	−0.384%	$13K	$266K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.66	0.000%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0128%	1h	186.97	−0.368%	$519K	$237K	20x	as long as short
Bybit EWYUSDT	+0.0133%	8h	187.57	−0.048%	$5.0M	$4.6M	100x	as long as short
edgeX EWYUSDC	+0.0570%	4h	186.96	−0.373%	$419K	$286K	20x	as long as short
SoDEX EWY-USD	+0.0683%	1h	187.43	−0.123%	$758	$3K	10x	as long as short