Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: tradeXYZ against Phemex−0.107%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1231.228% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.107%, 7d avg −0.087%
=Together, before fees+0.239%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.020% cheaper against Phemex than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.087%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 186.50 | 0 | get 0.0000% / 8h | 7m 06s | $1.6M | $37K | 10x |
| Short | tradeXYZ xyz:EWY | 186.30 | 0.0050 | get 0.0006% / 1h | 7m 06s | $6.4M | $14.7M | 20x |
Phemex EWYUSDT
tradeXYZ xyz:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.107% → −0.087%
- −$2.01
- Slippage, 4 orders
- −$92.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$114.27
- Costs to cover
- 1.228%
- Break-even
- 83.2 days
Slippage from Phemex: live order book, 1 min ago; tradeXYZ: 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, 1 min ago | 1.34 bp | 61.9 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.54 bp | 10.3 bp −$10 | 12.8 bp −$128 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −3.3808% | 1h | 186.37 | −0.070% | $29K | $13K | 20x | as long as short |
| Bitget EWYUSDT | −0.0592% | 8h | 186.56 | +0.032% | $3.1M | $2.6M | 20x | as long as short |
| Vest EWY-USD-PERP | −0.0025% | 1h | 185.91 | −0.316% | — | $220K | 25x | as long as short |
| BloFin EWY-USDT | −0.0021% | 8h | 186.49 | −0.005% | $48K | $217K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 186.48 | −0.013% | $289K | $13K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 186.42 | −0.043% | $237K | $915K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 186.47 | −0.016% | $27.0M | $83.3M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 186.50 | 0.000% | $4.9M | $4.9M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 186.43 | −0.038% | $4.1M | $4.7M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 186.51 | +0.005% | $4.1M | $4.5M | 50x | as long as short |
Hotstuff EWY-PERP
Bitget EWYUSDT
Vest EWY-USD-PERP
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EWY_USDT | 0.0000% | 8h | 186.49 | −0.005% | $7.9M | $4.4M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 186.45 | −0.026% | $1.1M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 186.48 | −0.010% | $731K | $421K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 186.36 | −0.075% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 186.61 | +0.059% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 186.50 | long leg | $1.6M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 186.30 | −0.107% | $378K | $40K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 186.50 | 0.000% | $198K | $154K | 20x | as long as short |
| tradeXYZ xyz:EWYshort | +0.0050% | 1h | 186.30 | −0.107% | $6.4M | $14.7M | 20x | |
| Entropy io:EWY | +0.0050% | 1h | 186.33 | −0.091% | $141K | $120K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 186.28 | −0.118% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 186.46 | −0.021% | $746 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 186.45 | −0.027% | $233K | $335K | 10x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0056% | 1h | 186.49 | −0.005% | $517K | $252K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0059% | 8h | 186.43 | −0.038% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 186.34 | −0.086% | $959K | $601K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 186.42 | −0.043% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 186.45 | −0.027% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0179% | 1h | 186.42 | −0.043% | $2K | $14K | 20x | as long as short |
| edgeX EWYUSDC | +0.0939% | 4h | 186.48 | −0.009% | $418K | $285K | 20x | as long as short |
MEXC EWY_USDT
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Popdex EWYUSDT
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC