Funding you earn now, next payment 00:00 UTC−0.0510%/8h= −55.8% APRnext payment −$5.10 per $10,000 · paid last 24h −0.010%
Price spread now: Phemex against GRVT+0.031%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1131.125% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.031%, 7d avg +0.018%
=Together, before fees−0.227%+ Points / potential airdropGRVT: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.10 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 | 188.82 | 0.0510 | pay 0.0510% / 8h | 2h 00m | $747K | $410K | 10x |
| Short | Phemex EWYUSDT | 188.88 | 0 | get 0.0000% / 8h | 2h 00m | $1.7M | $37K | 10x |
GRVT EWY_USDT_Perp
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$107.1
- Price spread: +0.031% → +0.018%
- $1.21
- Slippage, 4 orders
- −$91.52
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$218.41
- Costs to cover
- 1.125%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 22 min ago; Phemex: 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, 22 min ago | 1.32 bp | 9.5 bp −$9 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.38 bp | 52.9 bp −$53 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDT | 0.0000% | 8h | 188.89 | +0.036% | $5.6M | $3.5M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 188.85 | +0.015% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.53 | −0.155% | — | $2.7M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 188.88 | +0.031% | $2K | $13K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 188.88 | +0.031% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 188.73 | −0.049% | $375K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.80 | −0.012% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.86 | +0.020% | $193K | $139K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.78 | −0.022% | $6.4M | $14.9M | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.68 | −0.075% | $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 | +0.004% | $773 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.65 | −0.091% | $221K | $181K | 10x | as long as short |
| HTX EWY-USDT | +0.0067% | 8h | 188.90 | +0.041% | $36K | $8K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.82 | −0.001% | $957K | $724K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.82 | −0.001% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.85 | +0.015% | $2K | $1K | 20x | as long as short |
| Entropy io:EWY | +0.0103% | 1h | 188.79 | −0.017% | $49K | $36K | 25x | as long as short |
| Bitget EWYUSDT | +0.0111% | 8h | 188.88 | +0.031% | $2.5M | $1.4M | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0116% | 8h | 188.98 | +0.084% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0128% | 1h | 188.92 | +0.052% | $524K | $327K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0164% | 8h | 188.91 | +0.046% | $4.0M | $4.0M | 50x | as long as short |
| Aster EWYUSDT | +0.0309% | 8h | 188.69 | −0.068% | $293K | $12K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0328% | 1h | 188.78 | −0.022% | $28K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0342% | 8h | 188.87 | +0.023% | $1.4M | $890K | — | as long as short |
| MEXC EWY_USDT | +0.0394% | 8h | 188.86 | +0.020% | $7.5M | $4.6M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0400% | 1h | 188.85 | +0.012% | $304K | $410K | 10x | as long as short |
| Binance EWYUSDT | +0.0402% | 8h | 188.87 | +0.025% | $28.3M | $79.6M | 50x | as long as short |
| BloFin EWY-USDT | +0.0410% | 8h | 188.86 | +0.020% | $47K | $213K | 50x | as long as short |
| GRVT EWY_USDT_Perplong | +0.0510% | 8h | 188.82 | long leg | $747K | $410K | 10x | |
| edgeX EWYUSDC | +0.0794% | 4h | 188.83 | +0.003% | $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
Entropy io:EWY
Bitget EWYUSDT
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
OKX EWY-USDT-SWAP
Aster EWYUSDT
Hotstuff EWY-PERP
Variational Omni EWY
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
BloFin EWY-USDT
edgeX EWYUSDC