Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h 0.000%
Price spread now: Bybit against Entropy+0.116%7-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 0.116% dearer against Entropy than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:EWY | 190.30 | 0.0050 | pay 0.0006% / 1h | 44m 11s | $46K | $59K | 25x |
| Short | Bybit EWYUSDT | 190.52 | 0 | get 0.0000% / 8h | 4h 44m | $5.1M | $4.2M | 100x |
Entropy io:EWY
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Entropy. 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
- −$10.5
- Price spread: +0.116% → 0.000%
- $11.56
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.94
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage unknown: Entropy: no order-book sample; Bybit: live order book, 4 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 Entropy no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.26 bp | 8.0 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
Entropy: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDTshort | 0.0000% | 8h | 190.52 | +0.116% | $5.1M | $4.2M | 100x | |
| Gate EWY_USDT | 0.0000% | 8h | 190.50 | +0.105% | $4.2M | $3.8M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.34 | +0.019% | $753K | $393K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.37 | +0.037% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.44 | +0.074% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.46 | +0.084% | $1.7M | $37K | 10x | as long as short |
| Hotstuff EWY-PERP | +0.0008% | 1h | 190.33 | +0.016% | $29K | $12K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0013% | 1h | 190.38 | +0.042% | $2K | $13K | 20x | as long as short |
| Lighter EWY | +0.0032% | 1h | 190.31 | +0.005% | $386K | $39K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 190.39 | +0.047% | $531K | $305K | 20x | as long as short |
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Hotstuff EWY-PERP
Deribit EWY_USDC-PERPETUAL
Lighter EWY
Coinbase International EWY-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | +0.0041% | 8h | 190.48 | +0.095% | $2.7M | $1.9M | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.56 | +0.137% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.47 | +0.089% | $198K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.38 | +0.042% | $6.1M | $13.8M | 20x | as long as short |
| Entropy io:EWYlong | +0.0050% | 1h | 190.30 | long leg | $46K | $59K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.27 | −0.016% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.42 | +0.063% | $751 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.25 | −0.026% | $201K | $267K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0053% | 8h | 190.43 | +0.066% | $23 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.0068% | 8h | 190.50 | +0.105% | $4.1M | $3.3M | 50x | as long as short |
| Aster EWYUSDT | +0.0094% | 8h | 190.43 | +0.066% | $295K | $12K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.36 | +0.032% | $981K | $622K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.42 | +0.063% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.41 | +0.058% | $2K | $1K | 20x | as long as short |
| Variational Omni EWY | +0.0135% | 8h | 190.37 | +0.037% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0168% | 1h | 190.39 | +0.046% | $301K | $669K | 10x | as long as short |
| Binance EWYUSDT | +0.0170% | 8h | 190.46 | +0.082% | $28.4M | $76.6M | 50x | as long as short |
| MEXC EWY_USDT | +0.0174% | 8h | 190.49 | +0.100% | $6.5M | $3.9M | 100x | as long as short |
| BloFin EWY-USDT | +0.0193% | 8h | 190.40 | +0.053% | $48K | $214K | 50x | as long as short |
| edgeX EWYUSDC | +0.0816% | 4h | 190.39 | +0.045% | $427K | $284K | 20x | as long as short |
Bitget EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Variational Omni EWY
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT
BloFin EWY-USDT
edgeX EWYUSDC