EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0610%/8h= −66.8% APRnext payment −$6.10 per $10,000 · paid last 24h −0.042%

Price spread now: Bitget against GRVT−0.057%83s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$310.308% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.057%, 7d avg +0.012%

Together, before fees−0.201%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bitget is 0.070% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.012%). Swap the legs. The two prices were read 83 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 -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.10 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	GRVT EWY_USDT_Perp	186.30	0	get 0.0000% / 8h	7h 56m	$731K	$420K	10x
Short	Bitget EWYUSDT	186.19	−0.0610	pay 0.0610% / 8h	7h 56m	$3.1M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee BitgetbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$128.1
Price spread: −0.057% → +0.012%: −$6.99
Slippage, 4 orders: −$9.83
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$165.92
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from GRVT: live order book, 42 min ago; Bitget: live order book, 1 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, 42 min ago	1.60 bp	6.4 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.81 bp	10.2 bp −$10	15.0 bp −$150	32.2 bp −$3,222	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
Bitget EWYUSDTshort	−0.0610%	8h	186.19	−0.057%	$3.1M	$2.6M	20x
Hotstuff EWY-PERP	−0.0128%	1h	186.10	−0.106%	$28K	$15K	20x	as long as short
Vest EWY-USD-PERP	−0.0033%	1h	185.88	−0.224%	—	$235K	25x	as long as short
BloFin EWY-USDT	−0.0004%	8h	186.20	−0.052%	$48K	$217K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	186.29	−0.005%	$288K	$13K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	186.18	−0.062%	$240K	$919K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	186.22	−0.041%	$27.0M	$82.8M	50x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	186.15	−0.079%	$4.1M	$4.6M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	186.32	+0.012%	$4.1M	$4.3M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	186.18	−0.063%	$7.8M	$4.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni EWY	0.0000%	8h	186.38	+0.044%	$1.1M	$1.1M	—	as long as short
GRVT EWY_USDT_Perplong	0.0000%	8h	186.30	long leg	$731K	$420K	10x
SunX EWY-USDT	0.0000%	8h	186.16	−0.074%	—	$2.4M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	186.15	−0.079%	$3K	$15K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	186.35	+0.028%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	186.26	−0.020%	$1.6M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	186.06	−0.127%	$377K	$40K	20x	as long as short
Popdex EWYUSDT	+0.0048%	1h	186.23	−0.036%	$198K	$154K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	186.15	−0.079%	$6.4M	$14.8M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	186.18	−0.063%	$141K	$120K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	186.10	−0.106%	$4K	$141	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	186.22	−0.041%	$739	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	186.17	−0.068%	$234K	$336K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	186.26	−0.017%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	186.72	+0.227%	$962K	$606K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	186.23	−0.036%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	186.22	−0.041%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0112%	1h	186.04	−0.138%	$516K	$249K	20x	as long as short
Bybit EWYUSDT	+0.0234%	8h	186.21	−0.047%	$4.9M	$4.9M	100x	as long as short
edgeX EWYUSDC	+0.0253%	4h	186.31	+0.007%	$418K	$284K	20x	as long as short