Funding you earn now, next payment 22:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.020%
Price spread now: Phemex against Entropy+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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. Phemex is 0.042% dearer against Entropy than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:EWY | 188.80 | 0.0107 | pay 0.0013% / 1h | 0m 39s | $49K | $36K | 25x |
| Short | Phemex EWYUSDT | 188.88 | 0 | get 0.0000% / 8h | 2h 00m | $1.7M | $37K | 10x |
Entropy io:EWY
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$22.51
- Price spread: +0.042% → 0.000%
- $4.24
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$48.28
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: Entropy: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 2.38 bp | 52.9 bp −$53 | doesn't fit | 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 EWYUSDT | 0.0000% | 8h | 188.95 | +0.079% | $5.6M | $3.5M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 188.85 | +0.026% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.53 | −0.143% | — | $2.7M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 188.88 | +0.042% | $2K | $13K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 188.88 | +0.042% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 188.77 | −0.016% | $376K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.80 | 0.000% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.86 | +0.032% | $193K | $139K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.79 | −0.005% | $6.4M | $14.9M | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.68 | −0.064% | $4K | $38 | 20x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX EWY-USD | +0.0050% | 1h | 188.83 | +0.016% | $773 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.65 | −0.079% | $221K | $181K | 10x | as long as short |
| HTX EWY-USDT | +0.0067% | 8h | 188.90 | +0.053% | $36K | $8K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.84 | +0.021% | $957K | $724K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.82 | +0.011% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.85 | +0.026% | $2K | $1K | 20x | as long as short |
| Entropy io:EWYlong | +0.0107% | 1h | 188.80 | long leg | $49K | $36K | 25x | |
| Bitget EWYUSDT | +0.0113% | 8h | 188.88 | +0.042% | $2.5M | $1.4M | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0115% | 8h | 189.01 | +0.113% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0128% | 1h | 188.92 | +0.064% | $524K | $327K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0164% | 8h | 188.91 | +0.058% | $4.0M | $4.0M | 50x | as long as short |
| Aster EWYUSDT | +0.0314% | 8h | 188.70 | −0.055% | $293K | $12K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0328% | 1h | 188.78 | −0.011% | $28K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0342% | 8h | 188.87 | +0.035% | $1.4M | $890K | — | as long as short |
| Extended EWY_24_5-USD | +0.0400% | 1h | 188.85 | +0.026% | $304K | $410K | 10x | as long as short |
| MEXC EWY_USDT | +0.0401% | 8h | 188.86 | +0.032% | $7.5M | $4.6M | 100x | as long as short |
| Binance EWYUSDT | +0.0404% | 8h | 188.87 | +0.037% | $28.3M | $79.6M | 50x | as long as short |
| BloFin EWY-USDT | +0.0410% | 8h | 188.86 | +0.032% | $47K | $213K | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0510% | 8h | 188.82 | +0.012% | $747K | $410K | 10x | as long as short |
| edgeX EWYUSDC | +0.0794% | 4h | 188.83 | +0.014% | $423K | $275K | 20x | as long as short |
SoDEX EWY-USD
Ondo Perps EWY-USD.P
HTX EWY-USDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Bitget EWYUSDT
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
OKX EWY-USDT-SWAP
Aster EWYUSDT
Hotstuff EWY-PERP
Variational Omni EWY
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT
BloFin EWY-USDT
GRVT EWY_USDT_Perp
edgeX EWYUSDC