Funding you earn now, next payment 00:00 UTC−0.0457%/8h= −50.0% APRpaid last 24h +0.013%
Price spread now: tradeXYZ against GRVT+0.080%86s7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as 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−$340.336% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.080%, 7d avg −0.080%
=Together, before fees−0.177%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.159% dearer against GRVT than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.080%): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.045% in total) that is about 25 days. The two prices were read 86 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 -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment. 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 | 189.60 | 0.0647 | pay 0.0647% / 8h | 36m 08s | $750K | $399K | 10x |
| Short | tradeXYZ xyz:EWY | 189.75 | 0.0190 | get 0.0024% / 1h | 36m 08s | $6.4M | $14.7M | 20x |
GRVT EWY_USDT_Perp
tradeXYZ xyz:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$95.96
- Price spread: +0.080% → −0.080%
- $15.94
- Slippage, 4 orders
- −$6.62
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$113.64
- Costs to cover
- 0.336%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 42 min ago; tradeXYZ: live order book, 3 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 | 1.59 bp | 6.6 bp −$7 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.53 bp | 9.9 bp −$10 | 11.9 bp −$119 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | 0.0000% | 8h | 189.73 | +0.069% | $3.2M | $2.7M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.43 | −0.089% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.75 | +0.080% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.63 | +0.016% | $377K | $62K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.75 | +0.080% | — | $217K | 25x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.55 | −0.026% | $51K | $59K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.58 | −0.010% | $4K | $74 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.73 | +0.069% | $778 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.53 | −0.036% | $232K | $198K | 10x | as long as short |
| Popdex EWYUSDT | +0.0080% | 1h | 189.71 | +0.059% | $195K | $138K | 20x | as long as short |
Gate EWY_USDT
SunX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Popdex EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.58 | −0.010% | $966K | $703K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.60 | +0.001% | $13K | $262K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.73 | +0.069% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 189.58 | −0.010% | $527K | $338K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0154% | 8h | 189.84 | +0.128% | $23 | — | 5x | as long as short |
| Bybit EWYUSDT | +0.0154% | 8h | 189.87 | +0.143% | $5.3M | $4.2M | 100x | as long as short |
| tradeXYZ xyz:EWYshort | +0.0190% | 1h | 189.75 | +0.080% | $6.4M | $14.7M | 20x | |
| edgeX EWYUSDC | +0.0206% | 4h | 189.60 | 0.000% | $425K | $274K | 20x | as long as short |
| Bitget EWYUSDT | +0.0210% | 8h | 189.80 | +0.106% | $2.6M | $1.6M | 20x | as long as short |
| HTX EWY-USDT | +0.0213% | 8h | 189.67 | +0.038% | $36K | $8K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0256% | 1h | 189.73 | +0.069% | $28K | $12K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0303% | 8h | 189.86 | +0.138% | $4.0M | $4.1M | 50x | as long as short |
| Aster EWYUSDT | +0.0530% | 8h | 189.62 | +0.013% | $294K | $12K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0541% | 1h | 189.77 | +0.090% | $2K | $13K | 20x | as long as short |
| Variational Omni EWY | +0.0618% | 8h | 189.71 | +0.060% | $1.5M | $983K | — | as long as short |
| BloFin EWY-USDT | +0.0645% | 8h | 189.65 | +0.027% | $47K | $214K | 50x | as long as short |
| GRVT EWY_USDT_Perplong | +0.0647% | 8h | 189.60 | long leg | $750K | $399K | 10x | |
| Extended EWY_24_5-USD | +0.0648% | 1h | 189.73 | +0.068% | $304K | $392K | 10x | as long as short |
| MEXC EWY_USDT | +0.0648% | 8h | 189.75 | +0.080% | $7.5M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0650% | 8h | 189.75 | +0.080% | $28.6M | $79.9M | 50x | as long as short |
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
Bybit EWYUSDT
edgeX EWYUSDC
Bitget EWYUSDT
HTX EWY-USDT
Hotstuff EWY-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
Deribit EWY_USDC-PERPETUAL
Variational Omni EWY
BloFin EWY-USDT
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT