Funding you earn now, next payment 00:00 UTC−0.0772%/8h= −84.5% APRpaid last 24h −0.096%
Price spread now: Phemex against edgeX−0.020%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1211.215% of the position
Funding, last 7 days−0.960%−$96 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.020%, 7d avg +0.019%
=Together, before fees−0.945%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Phemex is 0.039% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX EWYUSDC | 189.23 | 0.0772 | pay 0.0386% / 4h | 1h 07m | $424K | $274K | 20x |
| Short | Phemex EWYUSDT | 189.19 | 0 | get 0.0000% / 8h | 1h 07m | $1.7M | $37K | 10x |
edgeX EWYUSDC
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$162.03
- Price spread: −0.020% → +0.019%
- −$3.92
- Slippage, 4 orders
- −$100.46
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$287.41
- Costs to cover
- 1.215%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 11 min ago; Phemex: live order book, 6 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 edgeX live order book, 11 min ago | 5.55 bp | 10.3 bp −$10 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.85 bp | 51.6 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | 0.0000% | 8h | 189.19 | −0.020% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.12 | −0.057% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 189.19 | −0.020% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 189.10 | −0.068% | $377K | $99K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.29 | +0.032% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.17 | −0.031% | $194K | $138K | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.13 | −0.052% | $53K | $51K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.10 | −0.068% | $4K | $74 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.22 | −0.005% | $787 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.18 | −0.026% | $221K | $182K | 10x | as long as short |
Gate EWY_USDT
SunX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.PShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWY | +0.0071% | 1h | 189.13 | −0.052% | $6.4M | $14.8M | 20x | as long as short |
| Bybit EWYUSDT | +0.0085% | 8h | 189.34 | +0.059% | $5.2M | $4.1M | 100x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.16 | −0.036% | $963K | $723K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.28 | +0.027% | $13K | $262K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.22 | −0.005% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0120% | 1h | 189.24 | +0.006% | $525K | $332K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0137% | 8h | 189.18 | −0.023% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0181% | 8h | 189.22 | −0.005% | $2.5M | $1.5M | 20x | as long as short |
| HTX EWY-USDT | +0.0208% | 8h | 189.34 | +0.059% | $36K | $8K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0244% | 8h | 189.25 | +0.011% | $4.0M | $4.1M | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0264% | 1h | 189.14 | −0.047% | $28K | $12K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0332% | 1h | 189.22 | −0.005% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0498% | 8h | 189.20 | −0.016% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0578% | 8h | 189.24 | +0.006% | $1.5M | $983K | — | as long as short |
| BloFin EWY-USDT | +0.0588% | 8h | 189.28 | +0.027% | $47K | $214K | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0608% | 1h | 189.13 | −0.052% | $304K | $392K | 10x | as long as short |
| Binance EWYUSDT | +0.0609% | 8h | 189.17 | −0.031% | $28.5M | $79.6M | 50x | as long as short |
| MEXC EWY_USDT | +0.0609% | 8h | 189.17 | −0.031% | $7.5M | $4.5M | 100x | as long as short |
| GRVT EWY_USDT_Perp | +0.0663% | 8h | 189.28 | +0.025% | $749K | $402K | 10x | as long as short |
| edgeX EWYUSDClong | +0.0772% | 4h | 189.23 | long leg | $424K | $274K | 20x |
tradeXYZ xyz:EWY
Bybit EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
Bitget EWYUSDT
HTX EWY-USDT
OKX EWY-USDT-SWAP
Hotstuff EWY-PERP
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT
GRVT EWY_USDT_Perp