Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter+0.090%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.090%, 7d avg +0.074%
=Together, before fees−0.099%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 189.71 | 0.0032 | pay 0.0004% / 1h | 22m 22s | $384K | $40K | 20x |
| Short | Gate EWY_USDT | 189.88 | 0 | get 0.0000% / 8h | 6h 22m | $4.0M | $3.6M | 50x |
Lighter EWY
Gate EWY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Lighter. 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
- −$6.72
- Price spread: +0.090% → +0.074%
- $1.55
- Slippage, 4 orders
- −$21.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$41.42
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 37 min ago; Gate: live order book, 6 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 Lighter live order book, 37 min ago | 3.15 bp | 7.2 bp −$7 | 19.9 bp −$199 | 58.8 bp −$5,876 | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.37 bp | 13.0 bp −$13 | 26.6 bp −$266 | 45.8 bp −$4,577 | 79.0 bp −$39.5K |
EWY on 29 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 | −0.0171% | 1h | 189.83 | +0.063% | $2K | $13K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.89 | +0.095% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDTshort | 0.0000% | 8h | 189.88 | +0.090% | $4.0M | $3.6M | 50x | |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.95 | +0.124% | $751K | $388K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.82 | +0.058% | — | $2.6M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.90 | +0.100% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.84 | +0.069% | $1.7M | $38K | 10x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 189.71 | long leg | $384K | $40K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.94 | +0.121% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.86 | +0.079% | $197K | $146K | 20x | as long as short |
Deribit EWY_USDC-PERPETUAL
Bybit EWYUSDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.56 | −0.079% | $529K | $330K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.78 | +0.037% | $6.2M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.80 | +0.047% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.71 | 0.000% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.87 | +0.084% | $680 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.75 | +0.021% | $198K | $266K | 10x | as long as short |
| edgeX EWYUSDC | +0.0052% | 4h | 189.94 | +0.119% | $426K | $282K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0058% | 8h | 189.84 | +0.070% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.77 | +0.032% | $977K | $633K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.89 | +0.095% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.85 | +0.074% | $2K | $1K | 20x | as long as short |
| Bitget EWYUSDT | +0.0152% | 8h | 189.88 | +0.090% | $2.7M | $1.9M | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0176% | 1h | 189.82 | +0.058% | $28K | $12K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0187% | 8h | 189.92 | +0.111% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0350% | 8h | 189.88 | +0.087% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0434% | 8h | 189.98 | +0.144% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0446% | 8h | 189.86 | +0.081% | $28.3M | $77.4M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0448% | 1h | 189.80 | +0.049% | $302K | $670K | 10x | as long as short |
| MEXC EWY_USDT | +0.0449% | 8h | 189.90 | +0.100% | $7.0M | $4.2M | 100x | 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
edgeX EWYUSDC
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Bitget EWYUSDT
Hotstuff EWY-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT