Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Phemex+0.047%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.047% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 190.47 | 0 | get 0.0000% / 8h | 7h 27m | $1.7M | $38K | 10x |
| Short | Polymarket Perps EWY-USD | 190.56 | 0.0050 | get 0.0006% / 1h | 27m 27s | $4K | $126 | 20x |
Phemex EWYUSDT
Polymarket Perps EWY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $10.5
- Price spread: +0.047% → 0.000%
- $4.73
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$4.77
- Costs to cover
- 0.200%
- Break-even
- 10.2 days
Slippage unknown: Phemex: live order book, 1 min ago; Polymarket Perps: no order-book sample. Net counts fees only.
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, 1 min ago | 1.84 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 190.73 | +0.137% | $5.3M | $4.2M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.60 | +0.068% | $4.1M | $3.3M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.04 | −0.224% | $752K | $384K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.35 | −0.063% | — | $2.7M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.24 | −0.121% | $26K | $29K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 190.47 | long leg | $1.7M | $38K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.50 | +0.016% | $380K | $54K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.81 | +0.179% | — | $220K | 25x | as long as short |
| Hotstuff EWY-PERP | +0.0048% | 1h | 190.42 | −0.026% | $29K | $12K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.70 | +0.121% | $196K | $142K | 20x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Hotstuff EWY-PERP
Popdex EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.66 | +0.100% | $6.2M | $15.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.24 | −0.121% | $52K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USDshort | +0.0050% | 1h | 190.56 | +0.047% | $4K | $126 | 20x | |
| SoDEX EWY-USD | +0.0050% | 1h | 190.33 | −0.074% | $430 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.93 | −0.284% | $229K | $232K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0084% | 8h | 190.63 | +0.086% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.43 | −0.021% | $981K | $666K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.28 | −0.100% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.47 | 0.000% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 189.77 | −0.368% | $530K | $338K | 20x | as long as short |
| edgeX EWYUSDC | +0.0267% | 4h | 190.15 | −0.170% | $426K | $284K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0275% | 1h | 190.45 | −0.011% | $2K | $13K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0298% | 8h | 190.74 | +0.142% | $4.2M | $3.6M | 50x | as long as short |
| Bitget EWYUSDT | +0.0332% | 8h | 190.70 | +0.121% | $2.7M | $1.6M | 20x | as long as short |
| Aster EWYUSDT | +0.0498% | 8h | 190.53 | +0.030% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0597% | 8h | 190.06 | −0.218% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0616% | 1h | 190.60 | +0.067% | $304K | $717K | 10x | as long as short |
| MEXC EWY_USDT | +0.0616% | 8h | 190.73 | +0.137% | $7.5M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0616% | 8h | 190.65 | +0.092% | $28.7M | $77.9M | 50x | as long as short |
| BloFin EWY-USDT | +0.0624% | 8h | 190.24 | −0.121% | $47K | $214K | 50x | as long as short |
tradeXYZ xyz:EWY
Entropy io:EWY
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
edgeX EWYUSDC
Deribit EWY_USDC-PERPETUAL
OKX EWY-USDT-SWAP
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT
BloFin EWY-USDT