Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Phemex against Popdex+0.005%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1121.117% of the position
Funding, last 4 days (all we have)−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.005%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, 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 | Popdex EWYUSDT | 190.25 | 0.0048 | pay 0.0006% / 1h | 30m 01s | $198K | $145K | 20x |
| Short | Phemex EWYUSDT | 190.26 | 0 | get 0.0000% / 8h | 5h 30m | $1.7M | $38K | 10x |
Popdex EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Popdex. 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
- −$10.08
- Price spread: +0.005% → +0.003%
- $0.19
- Slippage, 4 orders
- −$93.29
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$121.58
- Costs to cover
- 1.117%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 34 min ago; Phemex: live order book, 3 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 Popdex live order book, 34 min ago | 0.79 bp | 5.5 bp −$5 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.31 bp | 56.7 bp −$57 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EWY_USDC-PERPETUAL | −0.0065% | 1h | 190.18 | −0.037% | $2K | $13K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.26 | +0.005% | $5.1M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.26 | +0.005% | $4.1M | $3.7M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.45 | +0.103% | $753K | $390K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.24 | −0.005% | — | $2.5M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | 0.0000% | 1h | 190.19 | −0.032% | $530K | $312K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.35 | +0.053% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.26 | +0.005% | $1.7M | $38K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.18 | −0.037% | $385K | $39K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.43 | +0.095% | — | $220K | 25x | as long as short |
Deribit EWY_USDC-PERPETUAL
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Coinbase International EWY-PERP-INTX
HTX EWY-USDT
Lighter EWY
Vest EWY-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDTlong | +0.0048% | 1h | 190.25 | long leg | $198K | $145K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.16 | −0.047% | $6.1M | $13.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.18 | −0.037% | $51K | $58K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.12 | −0.068% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.26 | +0.005% | $747 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.24 | −0.005% | $199K | $276K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0056% | 8h | 190.26 | +0.007% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0077% | 8h | 190.22 | −0.016% | $2.7M | $2.0M | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.25 | 0.000% | $981K | $628K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.38 | +0.068% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.28 | +0.016% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0115% | 8h | 190.23 | −0.011% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0213% | 8h | 190.32 | +0.038% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0257% | 8h | 190.27 | +0.008% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0288% | 1h | 190.19 | −0.034% | $302K | $665K | 10x | as long as short |
| BloFin EWY-USDT | +0.0288% | 8h | 190.24 | −0.005% | $48K | $214K | 50x | as long as short |
| Binance EWYUSDT | +0.0289% | 8h | 190.24 | −0.005% | $28.4M | $77.0M | 50x | as long as short |
| MEXC EWY_USDT | +0.0292% | 8h | 190.24 | −0.005% | $6.5M | $4.2M | 100x | as long as short |
| Hotstuff EWY-PERP | +0.0360% | 1h | 190.23 | −0.011% | $29K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0892% | 4h | 190.38 | +0.066% | $427K | $284K | 20x | as long as short |
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Bitget EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
BloFin EWY-USDT
Binance EWYUSDT
MEXC EWY_USDT
Hotstuff EWY-PERP
edgeX EWYUSDC