Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against tradeXYZ−0.074%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.074%, 7d avg +0.011%
=Together, before fees−0.026%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.085% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EWY | 189.77 | 0.0050 | pay 0.0006% / 1h | 34m 07s | $6.3M | $14.0M | 20x |
| Short | Lighter EWY | 189.63 | 0.0032 | get 0.0004% / 1h | 34m 07s | $384K | $40K | 20x |
tradeXYZ xyz:EWY
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$3.78
- Price spread: −0.074% → +0.011%
- −$8.51
- Slippage, 4 orders
- −$12.63
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$42.92
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Lighter: live order book, 26 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 tradeXYZ live order book, 4 min ago | 0.53 bp | 10.3 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 3.15 bp | 3.2 bp −$3 | 9.7 bp −$97 | 42.8 bp −$4,281 | doesn't fit |
EWY on 29 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 | −0.0128% | 1h | 189.71 | −0.032% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.84 | +0.037% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.79 | +0.011% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.60 | −0.091% | $749K | $385K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.70 | −0.037% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.64 | −0.069% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.80 | +0.016% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.79 | +0.011% | $1.7M | $38K | 10x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 189.63 | −0.074% | $384K | $40K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.88 | +0.058% | — | $220K | 25x | as long as short |
Hotstuff EWY-PERP
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 189.73 | −0.021% | $197K | $146K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.28 | +0.269% | $531K | $335K | 20x | as long as short |
| tradeXYZ xyz:EWYlong | +0.0050% | 1h | 189.77 | long leg | $6.3M | $14.0M | 20x | |
| Entropy io:EWY | +0.0050% | 1h | 189.68 | −0.047% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.56 | −0.111% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.70 | −0.037% | $641 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.48 | −0.153% | $212K | $250K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0060% | 8h | 189.72 | −0.025% | $23 | — | 5x | as long as short |
| edgeX EWYUSDC | +0.0083% | 4h | 189.50 | −0.141% | $425K | $282K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.62 | −0.079% | $977K | $634K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.59 | −0.095% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.75 | −0.011% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0208% | 8h | 189.78 | +0.005% | $4.1M | $3.5M | 50x | as long as short |
| Bitget EWYUSDT | +0.0232% | 8h | 189.80 | +0.016% | $2.8M | $1.9M | 20x | as long as short |
| Aster EWYUSDT | +0.0389% | 8h | 189.78 | +0.005% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0472% | 8h | 189.67 | −0.055% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0488% | 1h | 189.69 | −0.041% | $302K | $670K | 10x | as long as short |
| Binance EWYUSDT | +0.0491% | 8h | 189.79 | +0.011% | $28.3M | $77.5M | 50x | as long as short |
| MEXC EWY_USDT | +0.0495% | 8h | 189.79 | +0.011% | $7.0M | $4.2M | 100x | as long as short |
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
edgeX EWYUSDC
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT