Funding you earn now, next payment 08:00 UTC+0.0522%/8h= +57.2% APRnext payment +$5.22 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against GRVT−0.189%52s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as 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−$140.142% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.189%, 7d avg +0.010%
=Together, before fees+0.086%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.199% cheaper against GRVT than usual: you would sell low and buy high (spread −0.189% now, against its 7-day average of +0.010%). If the spread goes back, that is −$20 on $10k: about 30 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.025% in total) that is about 56 days. The two prices were read 52 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 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.22 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 | 189.99 | 0 | get 0.0000% / 8h | 6h 40m | $751K | $385K | 10x |
| Short | MEXC EWY_USDT | 189.63 | 0.0522 | get 0.0522% / 8h | 6h 40m | $7.0M | $4.1M | 100x |
GRVT EWY_USDT_Perp
MEXC EWY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $109.62
- Price spread: −0.189% → +0.010%
- −$19.87
- Slippage, 4 orders
- −$5.23
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $75.52
- Costs to cover
- 0.142%
- Break-even
- 2.2 days
Slippage from GRVT: live order book, 27 min ago; MEXC: live order book, 2 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, 27 min ago | 1.05 bp | 8.2 bp −$8 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.26 bp | 0.3 bp $0 | 0.4 bp −$4 | 3.3 bp −$335 | 107.1 bp −$53.6K |
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 | −0.0172% | 1h | 189.69 | −0.157% | $2K | $13K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.66 | −0.173% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.68 | −0.162% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perplong | 0.0000% | 8h | 189.99 | long leg | $751K | $385K | 10x | |
| SunX EWY-USDT | 0.0000% | 8h | 189.83 | −0.083% | — | $2.6M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.79 | −0.104% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.74 | −0.131% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.51 | −0.252% | $384K | $40K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.92 | −0.036% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.60 | −0.204% | $197K | $143K | 20x | as long as short |
Deribit EWY_USDC-PERPETUAL
Bybit EWYUSDT
Gate EWY_USDT
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.28 | +0.154% | $531K | $337K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.67 | −0.168% | $6.3M | $14.1M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.81 | −0.094% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.60 | −0.204% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.73 | −0.136% | $610 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.62 | −0.194% | $229K | $231K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0061% | 8h | 189.62 | −0.192% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.77 | −0.115% | $977K | $635K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.78 | −0.110% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.81 | −0.094% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0228% | 8h | 189.63 | −0.189% | $4.1M | $3.4M | 50x | as long as short |
| Bitget EWYUSDT | +0.0319% | 8h | 189.70 | −0.152% | $2.8M | $1.9M | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0400% | 1h | 189.67 | −0.168% | $28K | $12K | 20x | as long as short |
| Aster EWYUSDT | +0.0411% | 8h | 189.79 | −0.103% | $294K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0496% | 4h | 189.87 | −0.062% | $425K | $282K | 20x | as long as short |
| Variational Omni EWY | +0.0499% | 8h | 189.70 | −0.154% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0517% | 8h | 189.57 | −0.220% | $28.3M | $77.3M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0520% | 1h | 189.56 | −0.223% | $302K | $670K | 10x | as long as short |
| MEXC EWY_USDTshort | +0.0522% | 8h | 189.63 | −0.189% | $7.0M | $4.1M | 100x | |
| BloFin EWY-USDT | +0.0565% | 8h | 190.43 | +0.233% | $2K | $214K | 50x | as long as short |
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Bitget EWYUSDT
Hotstuff EWY-PERP
Aster EWYUSDT
edgeX EWYUSDC
Variational Omni EWY
Binance EWYUSDT
Extended EWY_24_5-USD
BloFin EWY-USDT