Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.023%
Price spread now: Bitget against Phemex−0.016%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.016%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 190.59 | 0 | get 0.0000% / 8h | 4h 42m | $1.7M | $37K | 10x |
| Short | Bitget EWYUSDT | 190.56 | 0.0041 | get 0.0041% / 8h | 4h 42m | $2.7M | $2.0M | 20x |
Phemex EWYUSDT
Bitget EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $8.61
- Price spread: −0.016% → −0.001%
- −$1.46
- Slippage, 4 orders
- −$90.89
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.74
- Costs to cover
- 1.149%
- Break-even
- 94.6 days
Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 5 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, 6 min ago | 1.31 bp | 47.4 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.05 bp | 10.1 bp −$10 | 15.1 bp −$151 | 26.4 bp −$2,642 | 69.4 bp −$34.7K |
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 | 190.67 | +0.042% | $5.2M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.65 | +0.031% | $4.2M | $3.8M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.43 | −0.085% | $753K | $393K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.59 | 0.000% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 190.59 | 0.000% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.44 | −0.079% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 190.59 | long leg | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.49 | −0.052% | $386K | $39K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 190.39 | −0.105% | $531K | $305K | 20x | as long as short |
| Bitget EWYUSDTshort | +0.0041% | 8h | 190.56 | −0.016% | $2.7M | $2.0M | 20x |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Lighter EWY
Coinbase International EWY-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.69 | +0.052% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.59 | 0.000% | $198K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.51 | −0.042% | $6.2M | $13.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.41 | −0.094% | $46K | $59K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.47 | −0.063% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.57 | −0.010% | $749 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.25 | −0.178% | $201K | $267K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 190.60 | +0.005% | $23 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.0067% | 8h | 190.59 | 0.000% | $4.1M | $3.4M | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0080% | 1h | 190.54 | −0.026% | $29K | $12K | 20x | as long as short |
| Aster EWYUSDT | +0.0093% | 8h | 190.62 | +0.017% | $296K | $12K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.55 | −0.021% | $982K | $622K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.32 | −0.142% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.58 | −0.005% | $2K | $1K | 20x | as long as short |
| Variational Omni EWY | +0.0135% | 8h | 190.37 | −0.116% | $1.2M | $1.1M | — | as long as short |
| BloFin EWY-USDT | +0.0163% | 8h | 190.56 | −0.016% | $48K | $214K | 50x | as long as short |
| Binance EWYUSDT | +0.0167% | 8h | 190.59 | 0.000% | $28.5M | $76.6M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0168% | 1h | 190.55 | −0.020% | $301K | $669K | 10x | as long as short |
| MEXC EWY_USDT | +0.0169% | 8h | 190.58 | −0.005% | $6.5M | $3.9M | 100x | as long as short |
| edgeX EWYUSDC | +0.0816% | 4h | 190.39 | −0.107% | $427K | $284K | 20x | as long as short |
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
OKX EWY-USDT-SWAP
Hotstuff EWY-PERP
Aster EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Variational Omni EWY
BloFin EWY-USDT
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT
edgeX EWYUSDC