Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against Entropy−0.037%7-day average — · you buy dearer than you sell
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.037% cheaper against Entropy than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:EWY | 189.45 | 0.0050 | pay 0.0006% / 1h | 26m 36s | $65K | $81K | 25x |
| Short | Lighter EWY | 189.38 | 0.0032 | get 0.0004% / 1h | 26m 36s | $383K | $39K | 20x |
Entropy io:EWY
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$3.78
- Price spread: −0.037% → 0.000%
- −$3.69
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$25.47
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Entropy: no order-book sample; Lighter: live order book, 18 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 Lighter live order book, 18 min ago | 2.64 bp | 7.1 bp −$7 | 16.5 bp −$165 | 48.9 bp −$4,891 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EWY_USDC-PERPETUAL | −0.0225% | 1h | 189.38 | −0.037% | $2K | $13K | 20x | as long as short |
| BloFin EWY-USDT | −0.0010% | 8h | 189.46 | +0.005% | $48K | $214K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 189.51 | +0.034% | $294K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 189.37 | −0.045% | $300K | $667K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 189.42 | −0.014% | $27.7M | $77.3M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.47 | +0.011% | $5.1M | $4.3M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.35 | −0.053% | $4.3M | $4.0M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.46 | +0.005% | $4.1M | $3.9M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 189.40 | −0.026% | $6.2M | $3.8M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.44 | −0.005% | $2.7M | $2.2M | 20x | as long as short |
Deribit EWY_USDC-PERPETUAL
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | 0.0000% | 8h | 189.54 | +0.048% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.47 | +0.010% | $749K | $401K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.60 | +0.079% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.49 | +0.021% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.47 | +0.011% | $1.7M | $37K | 10x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 189.38 | −0.037% | $383K | $39K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.58 | +0.069% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.50 | +0.026% | $197K | $147K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.50 | +0.026% | $527K | $291K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.32 | −0.069% | $6.2M | $14.5M | 20x | as long as short |
| Entropy io:EWYlong | +0.0050% | 1h | 189.45 | long leg | $65K | $81K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.30 | −0.079% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.46 | +0.005% | $739 | $4K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0050% | 8h | 189.44 | −0.004% | $23 | — | 5x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.49 | +0.021% | $201K | $302K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.34 | −0.058% | $974K | $614K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.52 | +0.037% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.51 | +0.032% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0370% | 4h | 189.47 | +0.009% | $425K | $285K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0608% | 1h | 189.50 | +0.026% | $28K | $12K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Paradex EWY-USD-PERP
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC
Hotstuff EWY-PERP