Funding you earn now, next payment 00:00 UTC+0.0333%/8h= +36.4% APRnext payment +$3.33 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Gate+0.048%93s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.206%+$21 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.048%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.051% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate EWY_USDT | 188.89 | 0 | get 0.0000% / 8h | 2h 11m | $3.2M | $2.7M | 50x |
| Short | BloFin EWY-USDT | 188.98 | 0.0333 | get 0.0333% / 8h | 2h 11m | $47K | $214K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $69.85
- Price spread: +0.048% → −0.004%
- $5.12
- Slippage, 4 orders
- −$11.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $36.32
- Costs to cover
- 0.386%
- Break-even
- 3.4 days
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 4 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 Gate live order book, 1 min ago | 1.32 bp | 11.0 bp −$11 | 26.9 bp −$269 | 46.4 bp −$4,637 | 81.1 bp −$40.5K |
| Sell BloFin live order book, 4 min ago | 0.26 bp | 6.3 bp −$6 | 9.5 bp −$95 | 16.7 bp −$1,675 | 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 | −0.0208% | 1h | 188.88 | −0.005% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 188.99 | +0.053% | $5.6M | $3.5M | 100x | as long as short |
| Gate EWY_USDTlong | 0.0000% | 8h | 188.89 | long leg | $3.2M | $2.7M | 50x | |
| SunX EWY-USDT | 0.0000% | 8h | 188.58 | −0.164% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 188.92 | +0.016% | $1.7M | $37K | 10x | as long as short |
| HTX EWY-USDT | +0.0025% | 8h | 188.98 | +0.048% | $36K | $8K | 20x | as long as short |
| Lighter EWY | +0.0032% | 1h | 188.78 | −0.058% | $376K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.87 | −0.011% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.93 | +0.021% | $193K | $139K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.85 | −0.021% | $6.4M | $14.9M | 20x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.75 | −0.074% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.91 | +0.011% | $773 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.79 | −0.053% | $221K | $181K | 10x | as long as short |
| Entropy io:EWY | +0.0091% | 1h | 188.80 | −0.048% | $49K | $36K | 25x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.87 | −0.011% | $957K | $727K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.71 | −0.095% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.90 | +0.005% | $2K | $1K | 20x | as long as short |
| Bitget EWYUSDT | +0.0101% | 8h | 188.96 | +0.037% | $2.6M | $1.4M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0128% | 1h | 188.92 | +0.016% | $524K | $331K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0128% | 8h | 189.03 | +0.075% | $23 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.0149% | 8h | 189.01 | +0.064% | $4.0M | $4.0M | 50x | as long as short |
| Aster EWYUSDT | +0.0272% | 8h | 188.73 | −0.087% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0289% | 8h | 188.93 | +0.019% | $1.4M | $890K | — | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0333% | 1h | 188.94 | +0.026% | $2K | $13K | 20x | as long as short |
| BloFin EWY-USDTshort | +0.0333% | 8h | 188.98 | +0.048% | $47K | $214K | 50x | |
| MEXC EWY_USDT | +0.0349% | 8h | 188.93 | +0.021% | $7.5M | $4.6M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0352% | 1h | 188.92 | +0.016% | $304K | $410K | 10x | as long as short |
| Binance EWYUSDT | +0.0359% | 8h | 188.94 | +0.026% | $28.3M | $79.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0457% | 8h | 188.92 | +0.017% | $747K | $419K | 10x | as long as short |
| edgeX EWYUSDC | +0.0584% | 4h | 188.93 | +0.019% | $423K | $275K | 20x | as long as short |
Gate EWY_USDT
BloFin EWY-USDT
Bybit EWYUSDT
SunX EWY-USDT
Phemex EWYUSDT
HTX EWY-USDT
Lighter EWY
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Bitget EWYUSDT
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Deribit EWY_USDC-PERPETUAL
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
GRVT EWY_USDT_Perp
edgeX EWYUSDC