Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRnext payment −$3.58 per $10,000 · paid last 24h −0.067%
Price spread now: Phemex against Variational Omni+0.052%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.052%, 7d avg +0.011%
=Together, before fees−0.127%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.040% dearer against Variational Omni than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.011%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.076% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.076% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni EWY | 190.12 | 0.0358 | pay 0.0358% / 8h | 5h 59m | $1.2M | $1.1M | — |
| Short | Phemex EWYUSDT | 190.22 | 0 | get 0.0000% / 8h | 5h 59m | $1.7M | $38K | 10x |
Variational Omni EWY
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. 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
- −$75.23
- Price spread: +0.052% → +0.011%
- $4.03
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$83.2
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phemex: live order book, 4 min ago. 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 Variational Omni RFQ quote, 5 min ago | 2.24 bp | doesn't fit | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.63 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EWY_USDC-PERPETUAL | −0.0118% | 1h | 190.05 | −0.038% | $2K | $13K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.19 | +0.036% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.09 | −0.017% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.12 | 0.000% | $751K | $390K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.14 | +0.010% | — | $2.5M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | 0.0000% | 1h | 189.56 | −0.295% | $529K | $321K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.00 | −0.064% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.22 | +0.052% | $1.7M | $38K | 10x | |
| Entropy io:EWY | +0.0017% | 1h | 190.01 | −0.059% | $52K | $57K | 25x | as long as short |
| Lighter EWY | +0.0032% | 1h | 190.09 | −0.017% | $385K | $39K | 20x | 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
Entropy io:EWY
Lighter EWYShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.27 | +0.078% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.08 | −0.022% | $197K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.04 | −0.043% | $6.1M | $14.0M | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.91 | −0.111% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.16 | +0.020% | $739 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.08 | −0.022% | $197K | $275K | 10x | as long as short |
| Bitget EWYUSDT | +0.0054% | 8h | 190.11 | −0.006% | $2.7M | $2.0M | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0061% | 8h | 190.08 | −0.023% | $23 | — | 5x | as long as short |
| Hotstuff EWY-PERP | +0.0096% | 1h | 189.99 | −0.069% | $28K | $12K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.99 | −0.069% | $978K | $626K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.18 | +0.031% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.16 | +0.020% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0153% | 8h | 190.23 | +0.057% | $4.1M | $3.5M | 50x | as long as short |
| edgeX EWYUSDC | +0.0155% | 4h | 190.12 | −0.003% | $426K | $284K | 20x | as long as short |
| Aster EWYUSDT | +0.0293% | 8h | 190.21 | +0.045% | $295K | $12K | 20x | as long as short |
| Variational Omni EWYlong | +0.0358% | 8h | 190.12 | long leg | $1.2M | $1.1M | — | |
| Extended EWY_24_5-USD | +0.0376% | 1h | 190.17 | +0.028% | $302K | $665K | 10x | as long as short |
| Binance EWYUSDT | +0.0379% | 8h | 190.17 | +0.025% | $28.4M | $77.2M | 50x | as long as short |
| MEXC EWY_USDT | +0.0380% | 8h | 190.08 | −0.022% | $7.0M | $4.1M | 100x | as long as short |
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Bitget EWYUSDT
Paradex EWY-USD-PERP
Hotstuff EWY-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
edgeX EWYUSDC
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT