Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.047%
Price spread now: GRVT against Entropy0.000%48s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.674% of the position
Funding, last 4 days (all we have)−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now 0.000%, 7d avg +0.039%
=Together, before fees+0.096%+ Points / potential airdropGRVT: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.038% cheaper against Entropy than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 48 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 | Entropy io:EWY | 186.54 | 0.0050 | pay 0.0006% / 1h | 22m 36s | $142K | $120K | 25x |
| Short | GRVT EWY_USDT_Perp | 186.54 | 0 | get 0.0000% / 8h | 22m 36s | $731K | $421K | 10x |
Entropy io:EWY
GRVT EWY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: 0.000% → +0.039%
- −$3.84
- Slippage, 4 orders
- −$40.35
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$81.69
- Costs to cover
- 0.674%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 44 min ago; GRVT: live order book, 15 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 Entropy live order book, 44 min ago | 9.07 bp | 24.2 bp −$24 | 133.9 bp −$1,339 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 15 min ago | 1.60 bp | 6.1 bp −$6 | 10.8 bp −$108 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0904% | 1h | 186.58 | +0.021% | $28K | $12K | 20x | as long as short |
| Bitget EWYUSDT | −0.0520% | 8h | 186.81 | +0.145% | $2.9M | $2.6M | 20x | as long as short |
| Vest EWY-USD-PERP | −0.0012% | 1h | 186.24 | −0.161% | — | $220K | 25x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 186.73 | +0.104% | $289K | $13K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 186.69 | +0.079% | $237K | $912K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 186.74 | +0.107% | $27.1M | $83.0M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 186.78 | +0.129% | $4.9M | $4.9M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 186.62 | +0.043% | $4.1M | $4.7M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 186.76 | +0.118% | $4.0M | $4.3M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 186.72 | +0.096% | $8.5M | $4.4M | 100x | as long as short |
Hotstuff EWY-PERP
Bitget EWYUSDT
Vest EWY-USD-PERP
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | 0.0000% | 8h | 186.57 | +0.016% | $1.1M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perpshort | 0.0000% | 8h | 186.54 | 0.000% | $731K | $421K | 10x | |
| SunX EWY-USDT | 0.0000% | 8h | 186.51 | −0.016% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 186.67 | +0.070% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 186.71 | +0.091% | $1.7M | $37K | 10x | as long as short |
| edgeX EWYUSDC | +0.0022% | 4h | 186.58 | +0.019% | $418K | $288K | 20x | as long as short |
| BloFin EWY-USDT | +0.0026% | 8h | 186.68 | +0.075% | $48K | $217K | 50x | as long as short |
| Lighter EWY | +0.0032% | 1h | 186.61 | +0.038% | $378K | $40K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 186.74 | +0.107% | $197K | $153K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 186.58 | +0.021% | $6.4M | $14.7M | 20x | as long as short |
| Entropy io:EWYlong | +0.0050% | 1h | 186.54 | long leg | $142K | $120K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 186.56 | +0.011% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 186.56 | +0.011% | $752 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 186.45 | −0.048% | $224K | $326K | 10x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0056% | 1h | 186.43 | −0.059% | $517K | $253K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0058% | 8h | 186.70 | +0.086% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 186.53 | −0.005% | $961K | $602K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 186.59 | +0.027% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 186.61 | +0.038% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0179% | 1h | 186.60 | +0.032% | $2K | $14K | 20x | as long as short |
Variational Omni EWY
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
edgeX EWYUSDC
BloFin EWY-USDT
Lighter EWY
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL