Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: tradeXYZ against Lighter+0.021%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.021%, 7d avg −0.010%
=Together, before fees+0.092%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.031% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 188.36 | 0.0032 | pay 0.0004% / 1h | 44m 15s | $382K | $44K | 20x |
| Short | tradeXYZ xyz:EWY | 188.40 | 0.0050 | get 0.0006% / 1h | 44m 15s | $5.9M | $15.5M | 20x |
Lighter EWY
tradeXYZ xyz:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: +0.021% → −0.010%
- $3.12
- Slippage, 4 orders
- −$13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$24.1
- Costs to cover
- 0.310%
- Break-even
- 51.6 days
Slippage from Lighter: live order book, 62 min ago; tradeXYZ: live order book, 8 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, 62 min ago | 1.87 bp | 2.9 bp −$3 | 12.4 bp −$124 | 47.0 bp −$4,695 | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 0.53 bp | 10.0 bp −$10 | 11.7 bp −$117 | doesn't fit | doesn't fit |
EWY on 30 exchanges
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 | −8.0000% | 1h | 188.21 | −0.080% | $28K | $16K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 188.61 | +0.133% | $5.0M | $5.0M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 188.62 | +0.138% | $4.0M | $4.9M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 188.65 | +0.154% | $3.1M | $3.1M | 20x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.21 | −0.080% | — | $1.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 188.65 | +0.154% | $1.7M | $37K | 10x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 188.36 | long leg | $382K | $44K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.58 | +0.117% | — | $224K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.54 | +0.096% | $201K | $167K | 20x | as long as short |
| tradeXYZ xyz:EWYshort | +0.0050% | 1h | 188.40 | +0.021% | $5.9M | $15.5M | 20x |
Hotstuff EWY-PERP
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Bitget EWYUSDT
SunX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:EWY | +0.0050% | 1h | 188.57 | +0.111% | $143K | $118K | 25x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.53 | +0.090% | $776 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.43 | +0.037% | $226K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0055% | 8h | 188.63 | +0.146% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0088% | 1h | 188.48 | +0.064% | $523K | $252K | 20x | as long as short |
| edgeX EWYUSDC | +0.0089% | 4h | 188.82 | +0.244% | $423K | $290K | 20x | as long as short |
| Gate EWY_USDT | +0.0092% | 8h | 188.58 | +0.117% | $4.0M | $4.8M | 50x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.32 | −0.021% | $969K | $706K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.84 | +0.255% | $13K | $266K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.59 | +0.122% | $2K | $1K | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.0104% | 1h | 188.67 | +0.165% | $4K | $7K | 20x | as long as short |
| Aster EWYUSDT | +0.0146% | 8h | 188.46 | +0.054% | $292K | $14K | 20x | as long as short |
| Variational Omni EWY | +0.0205% | 8h | 188.62 | +0.136% | $1.1M | $941K | — | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0227% | 1h | 188.63 | +0.143% | $3K | $13K | 20x | as long as short |
| MEXC EWY_USDT | +0.0236% | 8h | 188.54 | +0.096% | $7.4M | $4.3M | 100x | as long as short |
| Binance EWYUSDT | +0.0245% | 8h | 188.61 | +0.133% | $26.2M | $86.6M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0248% | 1h | 188.55 | +0.100% | $247K | $935K | 10x | as long as short |
| BloFin EWY-USDT | +0.0250% | 8h | 188.62 | +0.138% | $48K | $237K | 50x | as long as short |
| HTX EWY-USDT | +0.0417% | 8h | 188.94 | +0.308% | $22K | $36K | 20x | as long as short |
| GRVT EWY_USDT_Perp | +0.0912% | 8h | 188.84 | +0.256% | $740K | $408K | 10x | as long as short |
Entropy io:EWY
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
edgeX EWYUSDC
Gate EWY_USDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Polymarket Perps EWY-USD
Aster EWYUSDT
Variational Omni EWY
Deribit EWY_USDC-PERPETUAL
MEXC EWY_USDT
Binance EWYUSDT
Extended EWY_24_5-USD
BloFin EWY-USDT
HTX EWY-USDT
GRVT EWY_USDT_Perp