Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex−0.133%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$316as in the Funding arb table
Net, price: spread back to 7d avg − costs−$344as in the Price arb table
costs, in and out, $10k−$3373.372% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.133%, 7d avg −0.060%
=Funding pays, the price is against you. KuCoin is 0.072% cheaper against Phemex than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.060%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 188.65 | 0 | get 0.0000% / 8h | 5h 45m | $1.7M | $37K | 10x |
| Short | KuCoin EWYUSDTM | 188.40 | 0.0100 | get 0.0100% / 8h | 5h 45m | $970K | $703K | 20x |
Phemex EWYUSDT
KuCoin EWYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.133% → −0.060%
- −$7.24
- Slippage, 4 orders
- −$313.22
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$323.46
- Costs to cover
- 3.372%
- Break-even
- 114.8 days
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 61 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 | 1.32 bp | 40.0 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 61 min ago | 7.48 bp | 106.8 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
EWY on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −8.0000% | 1h | 188.40 | −0.133% | $28K | $16K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 188.56 | −0.048% | $5.0M | $5.0M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 188.53 | −0.064% | $4.0M | $4.9M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 188.60 | −0.027% | $3.1M | $3.1M | 20x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.43 | −0.117% | — | $1.7M | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 188.65 | long leg | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 188.46 | −0.101% | $382K | $44K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.88 | +0.122% | — | $224K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.74 | +0.048% | $201K | $167K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.45 | −0.106% | $5.9M | $15.5M | 20x | as long as short |
Hotstuff EWY-PERP
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Bitget EWYUSDT
SunX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWYShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:EWY | +0.0050% | 1h | 188.76 | +0.058% | $143K | $118K | 25x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.65 | 0.000% | $780 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.69 | +0.021% | $226K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0055% | 8h | 188.86 | +0.110% | $23 | — | 5x | as long as short |
| Polymarket Perps EWY-USD | +0.0083% | 1h | 188.87 | +0.117% | $4K | $7K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0088% | 1h | 188.87 | +0.117% | $524K | $253K | 20x | as long as short |
| Gate EWY_USDT | +0.0094% | 8h | 188.72 | +0.037% | $4.0M | $4.8M | 50x | as long as short |
| KuCoin EWYUSDTMshort | +0.0100% | 8h | 188.40 | −0.133% | $970K | $703K | 20x | |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.07 | +0.223% | $13K | $266K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.66 | +0.005% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0121% | 1h | 188.62 | −0.016% | $3K | $12K | 20x | as long as short |
| Aster EWYUSDT | +0.0141% | 8h | 188.48 | −0.088% | $292K | $14K | 20x | as long as short |
| Variational Omni EWY | +0.0180% | 8h | 188.99 | +0.179% | $1.1M | $941K | — | as long as short |
| BloFin EWY-USDT | +0.0223% | 8h | 188.85 | +0.106% | $48K | $237K | 50x | as long as short |
| MEXC EWY_USDT | +0.0229% | 8h | 188.55 | −0.053% | $7.4M | $4.3M | 100x | as long as short |
| Binance EWYUSDT | +0.0232% | 8h | 188.57 | −0.042% | $26.2M | $86.6M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0232% | 1h | 188.49 | −0.086% | $247K | $935K | 10x | as long as short |
| HTX EWY-USDT | +0.0404% | 8h | 188.94 | +0.154% | $22K | $36K | 20x | as long as short |
| edgeX EWYUSDC | +0.0493% | 4h | 189.04 | +0.204% | $424K | $290K | 20x | as long as short |
| GRVT EWY_USDT_Perp | +0.0903% | 8h | 189.00 | +0.187% | $741K | $408K | 10x | as long as short |
Entropy io:EWY
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Polymarket Perps EWY-USD
Coinbase International EWY-PERP-INTX
Gate EWY_USDT
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
MEXC EWY_USDT
Binance EWYUSDT
Extended EWY_24_5-USD
HTX EWY-USDT
edgeX EWYUSDC
GRVT EWY_USDT_Perp