Funding you earn now, next payment 00:00 UTC−0.0117%/8h= −12.8% APRnext payment −$1.17 per $10,000 · paid last 24h −0.070%
Price spread now: Phemex against Paradex−0.135%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.135% cheaper against Paradex than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex EWY-USD-PERP | 189.30 | 0.0117 | pay 0.0117% / 8h | 1h 48m | $23 | — | 5x |
| Short | Phemex EWYUSDT | 189.04 | 0 | get 0.0000% / 8h | 1h 48m | $1.7M | $37K | 10x |
Paradex EWY-USD-PERP
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- −$24.62
- Price spread: −0.135% → 0.000%
- −$13.48
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$54.1
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 1.32 bp | 58.5 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDT | 0.0000% | 8h | 189.15 | −0.077% | $5.2M | $4.1M | 100x | as long as short |
| Hotstuff EWY-PERP | 0.0000% | 1h | 189.02 | −0.145% | $28K | $12K | 20x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.07 | −0.119% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.71 | −0.309% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 189.04 | −0.135% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 188.94 | −0.188% | $376K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.15 | −0.077% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.11 | −0.098% | $194K | $138K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.99 | −0.161% | $6.4M | $14.8M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 188.98 | −0.167% | $49K | $36K | 25x | as long as short |
Bybit EWYUSDT
Hotstuff EWY-PERP
Gate EWY_USDT
SunX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.95 | −0.182% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.06 | −0.124% | $782 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.97 | −0.172% | $221K | $181K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.99 | −0.161% | $957K | $724K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.72 | −0.304% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.06 | −0.124% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERPlong | +0.0117% | 8h | 189.30 | long leg | $23 | — | 5x | |
| Coinbase International EWY-PERP-INTX | +0.0120% | 1h | 189.06 | −0.124% | $524K | $329K | 20x | as long as short |
| HTX EWY-USDT | +0.0128% | 8h | 189.10 | −0.103% | $36K | $8K | 20x | as long as short |
| Bitget EWYUSDT | +0.0132% | 8h | 189.08 | −0.114% | $2.5M | $1.4M | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0190% | 8h | 189.13 | −0.087% | $4.0M | $4.0M | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0226% | 1h | 189.05 | −0.130% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0374% | 8h | 188.91 | −0.205% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0411% | 8h | 189.03 | −0.141% | $1.4M | $899K | — | as long as short |
| MEXC EWY_USDT | +0.0464% | 8h | 189.03 | −0.140% | $7.5M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0471% | 8h | 189.03 | −0.140% | $28.4M | $79.6M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0472% | 1h | 189.00 | −0.154% | $304K | $410K | 10x | as long as short |
| BloFin EWY-USDT | +0.0478% | 8h | 189.06 | −0.124% | $47K | $214K | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0571% | 8h | 189.06 | −0.127% | $748K | $401K | 10x | as long as short |
| edgeX EWYUSDC | +0.0779% | 4h | 189.05 | −0.128% | $423K | $274K | 20x | as long as short |
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
HTX EWY-USDT
Bitget EWYUSDT
OKX EWY-USDT-SWAP
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
MEXC EWY_USDT
Binance EWYUSDT
Extended EWY_24_5-USD
BloFin EWY-USDT
GRVT EWY_USDT_Perp
edgeX EWYUSDC