Funding you earn now, next payment 08:00 UTC−0.0493%/8h= −54.0% APRnext payment −$4.93 per $10,000 · paid last 24h +0.028%
Price spread now: Bybit against MEXC+0.042%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now +0.042%, 7d avg +0.015%
=The price spread pays, funding is against you. Bybit is 0.027% dearer against MEXC than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.015%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.084% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.93 per $10,000. 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 | MEXC EWY_USDT | 189.92 | 0.0697 | pay 0.0697% / 8h | 7h 54m | $7.5M | $4.4M | 100x |
| Short | Bybit EWYUSDT | 190.00 | 0.0204 | get 0.0204% / 8h | 7h 54m | $5.3M | $4.2M | 100x |
MEXC EWY_USDT
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$103.49
- Price spread: +0.042% → +0.015%
- $2.73
- Slippage, 4 orders
- −$4.3
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.07
- Costs to cover
- 0.153%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: 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 MEXC live order book, 3 min ago | 0.53 bp | 1.0 bp −$1 | 1.7 bp −$17 | 4.1 bp −$410 | 100.8 bp −$50.4K |
| Sell Bybit live order book, 3 min ago | 0.53 bp | 6.5 bp −$7 | 12.9 bp −$129 | 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 | 189.93 | +0.005% | $4.1M | $3.2M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.68 | −0.128% | $750K | $381K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.88 | −0.021% | — | $2.7M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.81 | −0.058% | $37K | $8K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.85 | −0.037% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.85 | −0.037% | $378K | $53K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.00 | +0.042% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.94 | +0.011% | $196K | $143K | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.72 | −0.105% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.92 | 0.000% | $4K | $117 | 20x | as long as short |
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex 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 | 189.85 | −0.037% | $780 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.76 | −0.084% | $241K | $215K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.92 | 0.000% | $978K | $679K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.61 | −0.163% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.79 | −0.068% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0112% | 8h | 190.00 | +0.044% | $23 | — | 5x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0119% | 1h | 189.80 | −0.063% | $2K | $13K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 189.15 | −0.405% | $528K | $339K | 20x | as long as short |
| Bybit EWYUSDTshort | +0.0204% | 8h | 190.00 | +0.042% | $5.3M | $4.2M | 100x | |
| Bitget EWYUSDT | +0.0239% | 8h | 189.96 | +0.021% | $2.7M | $1.6M | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0246% | 1h | 189.90 | −0.011% | $6.5M | $14.3M | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0337% | 8h | 189.99 | +0.037% | $4.1M | $4.0M | 50x | as long as short |
| edgeX EWYUSDC | +0.0512% | 4h | 189.62 | −0.156% | $425K | $281K | 20x | as long as short |
| Aster EWYUSDT | +0.0564% | 8h | 190.01 | +0.049% | $295K | $12K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0664% | 1h | 189.78 | −0.074% | $28K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0665% | 8h | 189.80 | −0.064% | $1.2M | $1.3M | — | as long as short |
| Binance EWYUSDT | +0.0694% | 8h | 189.99 | +0.036% | $28.6M | $79.8M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0696% | 1h | 189.95 | +0.014% | $299K | $390K | 10x | as long as short |
| MEXC EWY_USDTlong | +0.0697% | 8h | 189.92 | long leg | $7.5M | $4.4M | 100x | |
| BloFin EWY-USDT | +0.0702% | 8h | 189.99 | +0.037% | $47K | $214K | 50x | as long as short |
SoDEX EWY-USD
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
Deribit EWY_USDC-PERPETUAL
Coinbase International EWY-PERP-INTX
Bitget EWYUSDT
tradeXYZ xyz:EWY
OKX EWY-USDT-SWAP
edgeX EWYUSDC
Aster EWYUSDT
Hotstuff EWY-PERP
Variational Omni EWY
Binance EWYUSDT
Extended EWY_24_5-USD
BloFin EWY-USDT