Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.070%
Price spread now: Binance against Phemex−0.066%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1161.159% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.066%, 7d avg −0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.057% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 185.60 | 0 | get 0.0000% / 8h | 7h 33m | $1.6M | $37K | 10x |
| Short | Binance EWYUSDT | 185.48 | 0 | get 0.0000% / 8h | 7h 33m | $26.9M | $82.5M | 50x |
Phemex EWYUSDT
Binance EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: −0.066% → −0.009%
- −$5.68
- Slippage, 4 orders
- −$93.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$121.55
- Costs to cover
- 1.159%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Binance: live order book, 9 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 Phemex live order book, 5 min ago | 1.62 bp | 55.7 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.27 bp | 5.4 bp −$5 | 7.8 bp −$78 | 22.1 bp −$2,211 | 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 | −0.0515% | 8h | 185.49 | −0.059% | $3.1M | $2.7M | 20x | as long as short |
| Vest EWY-USD-PERP | −0.0018% | 1h | 185.13 | −0.253% | — | $235K | 25x | as long as short |
| BloFin EWY-USDT | −0.0017% | 8h | 185.66 | +0.032% | $48K | $219K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 185.72 | +0.063% | $288K | $14K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 185.47 | −0.069% | $239K | $916K | 10x | as long as short |
| Binance EWYUSDTshort | 0.0000% | 8h | 185.48 | −0.066% | $26.9M | $82.5M | 50x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 185.45 | −0.081% | $4.0M | $4.6M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 185.58 | −0.011% | $4.0M | $4.4M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 185.45 | −0.081% | $7.6M | $4.4M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 185.61 | +0.008% | $1.1M | $1.1M | — | as long as short |
Bitget EWYUSDT
Vest EWY-USD-PERP
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 185.65 | +0.029% | $727K | $420K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 185.73 | +0.070% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 185.69 | +0.048% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 185.60 | long leg | $1.6M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 185.31 | −0.156% | $376K | $40K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 185.45 | −0.081% | $194K | $154K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 185.31 | −0.156% | $6.2M | $14.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 185.44 | −0.086% | $141K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 185.26 | −0.183% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 185.58 | −0.011% | $741 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 185.52 | −0.043% | $234K | $334K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0057% | 8h | 185.50 | −0.056% | $22 | — | 5x | as long as short |
| Bybit EWYUSDT | +0.0091% | 8h | 185.46 | −0.075% | $4.9M | $4.8M | 100x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 185.49 | −0.059% | $955K | $622K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 185.65 | +0.027% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 185.73 | +0.070% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0112% | 1h | 185.80 | +0.108% | $515K | $250K | 20x | as long as short |
| edgeX EWYUSDC | +0.0228% | 4h | 185.62 | +0.012% | $416K | $286K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0235% | 1h | 185.63 | +0.016% | $3K | $15K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0384% | 1h | 185.40 | −0.108% | $27K | $16K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Bybit EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
edgeX EWYUSDC
Deribit EWY_USDC-PERPETUAL
Hotstuff EWY-PERP