Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Phemex against Lighter+0.027%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$960.963% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.027%, 7d avg +0.072%
=Together, before fees−0.086%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.046% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 187.84 | 0.0032 | pay 0.0004% / 1h | 46m 04s | $381K | $40K | 20x |
| Short | Phemex EWYUSDT | 187.89 | 0 | get 0.0000% / 8h | 1h 46m | $1.7M | $36K | 10x |
Lighter EWY
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.027% → +0.072%
- −$4.55
- Slippage, 4 orders
- −$84.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$107.54
- Costs to cover
- 0.963%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 54 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 Lighter live order book, 54 min ago | 3.19 bp | 5.3 bp −$5 | 14.4 bp −$144 | 46.9 bp −$4,687 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.39 bp | 47.4 bp −$47 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0121% | 8h | 188.05 | +0.112% | $2.7M | $2.3M | 20x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.95 | +0.059% | $291K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.91 | +0.035% | $239K | $498K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.94 | +0.052% | $27.3M | $81.8M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 187.98 | +0.075% | $5.0M | $4.8M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.79 | −0.027% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.94 | +0.053% | $4.0M | $4.3M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.96 | +0.064% | $7.9M | $4.3M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 188.15 | +0.167% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 188.11 | +0.144% | $743K | $423K | 10x | as long as short |
Bitget EWYUSDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Variational Omni EWY
GRVT EWY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWY-USDT | 0.0000% | 8h | 187.88 | +0.021% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 187.89 | +0.027% | $2K | $14K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 188.25 | +0.218% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 187.89 | +0.027% | $1.7M | $36K | 10x | |
| BloFin EWY-USDT | +0.0021% | 8h | 188.09 | +0.133% | $48K | $216K | 50x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 187.84 | long leg | $381K | $40K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 187.70 | −0.075% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.93 | +0.048% | $197K | $150K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 187.85 | +0.005% | $522K | $273K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.76 | −0.043% | $6.4M | $14.4M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 187.95 | +0.059% | $143K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.72 | −0.064% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.90 | +0.032% | $755 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 187.94 | +0.053% | $212K | $306K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0060% | 8h | 187.98 | +0.076% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.81 | −0.016% | $967K | $597K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.09 | +0.133% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.90 | +0.032% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0112% | 1h | 187.91 | +0.037% | $28K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0912% | 4h | 188.18 | +0.181% | $422K | $285K | 20x | as long as short |
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
BloFin EWY-USDT
Vest EWY-USD-PERP
Popdex EWYUSDT
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
Hotstuff EWY-PERP
edgeX EWYUSDC