Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.063%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$385as in the Funding arb table
Net, price: spread back to 7d avg − costs−$360as in the Price arb table
costs, in and out, $10k−$3603.605% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.063%, 7d avg +0.057%
=The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin EWYUSDTM | 189.17 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $958K | $726K | 20x |
| Short | Phemex EWYUSDT | 189.29 | 0 | get 0.0000% / 8h | 1h 23m | $1.7M | $37K | 10x |
KuCoin EWYUSDTM
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$21
- Price spread: +0.063% → +0.057%
- $0.63
- Slippage, 4 orders
- −$336.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$380.85
- Costs to cover
- 3.605%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 50 min ago; Phemex: live order book, 4 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 KuCoin live order book, 50 min ago | 3.97 bp | 117.3 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.59 bp | 54.2 bp −$54 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0016% | 1h | 189.20 | +0.016% | $28K | $12K | 20x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.26 | +0.048% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.93 | −0.127% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 189.29 | +0.063% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 189.16 | −0.005% | $377K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.29 | +0.063% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.29 | +0.063% | $195K | $138K | 20x | as long as short |
| Bybit EWYUSDT | +0.0049% | 8h | 189.39 | +0.116% | $5.2M | $4.1M | 100x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.11 | −0.032% | $49K | $36K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.12 | −0.026% | $4K | $38 | 20x | as long as short |
Hotstuff EWY-PERP
Gate EWY_USDT
SunX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Bybit EWYUSDT
Entropy io: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 | 189.27 | +0.053% | $783 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.18 | +0.005% | $221K | $182K | 10x | as long as short |
| tradeXYZ xyz:EWY | +0.0051% | 1h | 189.25 | +0.042% | $6.4M | $14.8M | 20x | as long as short |
| KuCoin EWYUSDTMlong | +0.0100% | 8h | 189.17 | long leg | $958K | $726K | 20x | |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.03 | −0.074% | $13K | $262K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.29 | +0.063% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0120% | 1h | 189.19 | +0.011% | $525K | $332K | 20x | as long as short |
| edgeX EWYUSDC | +0.0143% | 4h | 189.24 | +0.038% | $424K | $273K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0149% | 8h | 189.41 | +0.127% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0175% | 8h | 189.34 | +0.090% | $2.5M | $1.5M | 20x | as long as short |
| HTX EWY-USDT | +0.0214% | 8h | 189.32 | +0.079% | $36K | $8K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0232% | 8h | 189.39 | +0.116% | $4.0M | $4.1M | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0437% | 1h | 189.30 | +0.069% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0480% | 8h | 189.12 | −0.024% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0538% | 8h | 189.23 | +0.032% | $1.4M | $899K | — | as long as short |
| BloFin EWY-USDT | +0.0566% | 8h | 189.31 | +0.074% | $47K | $214K | 50x | as long as short |
| MEXC EWY_USDT | +0.0580% | 8h | 189.29 | +0.063% | $7.5M | $4.5M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0584% | 1h | 189.25 | +0.044% | $304K | $392K | 10x | as long as short |
| Binance EWYUSDT | +0.0585% | 8h | 189.29 | +0.063% | $28.5M | $79.4M | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0654% | 8h | 189.31 | +0.075% | $749K | $401K | 10x | as long as short |
SoDEX EWY-USD
Ondo Perps EWY-USD.P
tradeXYZ xyz:EWY
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
edgeX EWYUSDC
Paradex EWY-USD-PERP
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
Binance EWYUSDT
GRVT EWY_USDT_Perp