Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Phemex−0.063%7-day average −0.072% · 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−$106as in the Price arb table
costs, in and out, $10k−$1061.064% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.063%, 7d avg −0.072%
=Together, before fees+0.119%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, 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 | 189.22 | 0 | get 0.0000% / 8h | 3h 19m | $1.7M | $37K | 10x |
| Short | Lighter EWY | 189.10 | 0.0032 | get 0.0004% / 1h | 19m 32s | $383K | $39K | 20x |
Phemex EWYUSDT
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $6.72
- Price spread: −0.063% → −0.072%
- $0.83
- Slippage, 4 orders
- −$94.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.82
- Costs to cover
- 1.064%
- Break-even
- 109.9 days
Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 25 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, 4 min ago | 3.17 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 2.64 bp | 7.1 bp −$7 | 16.5 bp −$165 | 48.9 bp −$4,891 | 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 | 189.43 | +0.111% | $48K | $214K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 189.24 | +0.009% | $293K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 189.14 | −0.042% | $300K | $667K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 189.21 | −0.004% | $27.6M | $77.4M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.24 | +0.011% | $5.1M | $4.3M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.16 | −0.032% | $4.3M | $4.0M | 50x | as long as short |
| Hotstuff EWY-PERP | 0.0000% | 1h | 189.29 | +0.037% | $28K | $12K | 20x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.19 | −0.016% | $4.1M | $3.9M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 189.19 | −0.016% | $6.2M | $3.8M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.25 | +0.016% | $2.7M | $2.2M | 20x | as long as short |
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Hotstuff EWY-PERP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | 0.0000% | 8h | 189.44 | +0.117% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.46 | +0.127% | $749K | $402K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.26 | +0.021% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.18 | −0.021% | $2K | $14K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.44 | +0.116% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 189.22 | long leg | $1.7M | $37K | 10x | |
| Lighter EWYshort | +0.0032% | 1h | 189.10 | −0.063% | $383K | $39K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.21 | −0.005% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.22 | 0.000% | $197K | $147K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.35 | +0.069% | $527K | $292K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.07 | −0.079% | $6.1M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.22 | 0.000% | $65K | $81K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.01 | −0.111% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.22 | 0.000% | $735 | $4K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0050% | 8h | 189.21 | −0.006% | $23 | — | 5x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.24 | +0.011% | $201K | $304K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.18 | −0.021% | $974K | $612K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.51 | +0.153% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.19 | −0.016% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0291% | 4h | 189.43 | +0.110% | $425K | $284K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Vest EWY-USD-PERP
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Paradex EWY-USD-PERP
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC