Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.83 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against GRVT−0.022%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 2 days (all we have)+0.034%+$3 · spread now −0.022%, 7d avg +0.025%
=Together, before fees+0.060%+ Points / potential airdropGRVT: Active · farm board+$6 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 Binance is 0.046% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT EWY_USDT_Perp | 189.31 | 0.0654 | pay 0.0654% / 8h | 1h 27m | $749K | $401K | 10x |
| Short | Binance EWYUSDT | 189.27 | 0.0571 | get 0.0571% / 8h | 1h 27m | $28.5M | $79.4M | 50x |
GRVT EWY_USDT_Perp
Binance EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GRVT. 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
- −$17.5
- Price spread: −0.022% → +0.025%
- −$4.62
- Slippage, 4 orders
- −$8.55
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.67
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 55 min ago; Binance: 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 GRVT live order book, 55 min ago | 1.32 bp | 9.5 bp −$9 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.26 bp | 5.3 bp −$5 | 7.5 bp −$75 | 21.1 bp −$2,110 | 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 | −0.0024% | 1h | 189.22 | −0.049% | $28K | $12K | 20x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.26 | −0.028% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.97 | −0.181% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.25 | −0.033% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.15 | −0.086% | $377K | $95K | 20x | as long as short |
| Bybit EWYUSDT | +0.0040% | 8h | 189.41 | +0.051% | $5.2M | $4.1M | 100x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.29 | −0.012% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.28 | −0.017% | $194K | $138K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.23 | −0.044% | $6.4M | $14.8M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.09 | −0.118% | $49K | $36K | 25x | as long as short |
Hotstuff EWY-PERP
Gate EWY_USDT
SunX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Bybit EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.11 | −0.107% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.27 | −0.023% | $781 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.18 | −0.070% | $221K | $182K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.13 | −0.097% | $958K | $725K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.03 | −0.149% | $13K | $262K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.26 | −0.028% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0120% | 1h | 189.19 | −0.065% | $525K | $332K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0143% | 8h | 189.41 | +0.049% | $23 | — | 5x | as long as short |
| edgeX EWYUSDC | +0.0143% | 4h | 189.24 | −0.038% | $424K | $273K | 20x | as long as short |
| Bitget EWYUSDT | +0.0169% | 8h | 189.31 | −0.001% | $2.5M | $1.5M | 20x | as long as short |
| HTX EWY-USDT | +0.0200% | 8h | 189.20 | −0.060% | $36K | $8K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0225% | 8h | 189.35 | +0.020% | $4.0M | $4.1M | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0384% | 1h | 189.28 | −0.017% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0465% | 8h | 189.11 | −0.106% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0513% | 8h | 189.11 | −0.106% | $1.4M | $899K | — | as long as short |
| BloFin EWY-USDT | +0.0540% | 8h | 189.31 | −0.001% | $47K | $214K | 50x | as long as short |
| MEXC EWY_USDT | +0.0565% | 8h | 189.26 | −0.028% | $7.5M | $4.5M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0568% | 1h | 189.24 | −0.039% | $304K | $403K | 10x | as long as short |
| Binance EWYUSDTshort | +0.0571% | 8h | 189.27 | −0.022% | $28.5M | $79.4M | 50x | |
| GRVT EWY_USDT_Perplong | +0.0654% | 8h | 189.31 | long leg | $749K | $401K | 10x |
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
edgeX EWYUSDC
Bitget EWYUSDT
HTX EWY-USDT
OKX EWY-USDT-SWAP
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
MEXC EWY_USDT
Extended EWY_24_5-USD