Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against Phemex+0.026%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1241.244% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.026%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.021% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 189.21 | 0 | get 0.0000% / 8h | 2h 50m | $1.7M | $37K | 10x |
| Short | Bybit EWYUSDT | 189.26 | 0 | get 0.0000% / 8h | 2h 50m | $5.1M | $4.4M | 100x |
Phemex EWYUSDT
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.026% → +0.006%
- $2.06
- Slippage, 4 orders
- −$101.38
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$122.31
- Costs to cover
- 1.244%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 2.64 bp | 40.8 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.53 bp | 8.2 bp −$8 | 11.0 bp −$110 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EWY-USDT | −0.0022% | 8h | 189.25 | +0.021% | $48K | $216K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 189.29 | +0.043% | $293K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 189.19 | −0.008% | $299K | $425K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 189.25 | +0.021% | $27.6M | $78.2M | 50x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 189.26 | +0.026% | $5.1M | $4.4M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.21 | 0.000% | $4.2M | $4.1M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.27 | +0.032% | $4.1M | $4.0M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 189.21 | 0.000% | $6.2M | $3.7M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.23 | +0.011% | $2.7M | $2.2M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 189.24 | +0.017% | $1.2M | $1.1M | — | as long as short |
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDT
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 | 189.12 | −0.050% | $747K | $410K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.20 | −0.005% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.22 | +0.005% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 189.21 | long leg | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 189.13 | −0.042% | $383K | $40K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 188.40 | −0.428% | $524K | $287K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.27 | +0.032% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.25 | +0.021% | $198K | $148K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.13 | −0.042% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.06 | −0.079% | $65K | $81K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.12 | −0.048% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.20 | −0.005% | $733 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.17 | −0.021% | $204K | $307K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0052% | 8h | 189.25 | +0.019% | $23 | — | 5x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0067% | 1h | 189.27 | +0.032% | $2K | $14K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.05 | −0.085% | $974K | $611K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.05 | −0.085% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.25 | +0.021% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0120% | 1h | 189.11 | −0.053% | $28K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0654% | 4h | 189.12 | −0.047% | $424K | $284K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Coinbase International EWY-PERP-INTX
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
Deribit EWY_USDC-PERPETUAL
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Hotstuff EWY-PERP
edgeX EWYUSDC