Funding you earn now, next payment 08:00 UTC−0.0283%/8h= −31.0% APRnext payment −$2.83 per $10,000 · paid last 24h −0.036%
Price spread now: OKX against Binance+0.026%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 2 days (all we have)−0.053%−$5 · spread now +0.026%, 7d avg −0.002%
=The price spread pays, funding is against you. OKX is 0.029% dearer against Binance than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.074% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.83 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 | Binance EWYUSDT | 189.74 | 0.0491 | pay 0.0491% / 8h | 6h 34m | $28.3M | $77.5M | 50x |
| Short | OKX EWY-USDT-SWAP | 189.79 | 0.0208 | get 0.0208% / 8h | 6h 34m | $4.1M | $3.5M | 50x |
Binance EWYUSDT
OKX EWY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$59.49
- Price spread: +0.026% → −0.002%
- $2.87
- Slippage, 4 orders
- −$5.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$82.35
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: 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 Binance live order book, 8 min ago | 0.26 bp | 5.5 bp −$6 | 7.1 bp −$71 | 19.6 bp −$1,956 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.26 bp | 6.0 bp −$6 | 11.8 bp −$118 | 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 | −0.0128% | 1h | 189.71 | −0.016% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.77 | +0.016% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.74 | 0.000% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.60 | −0.075% | $749K | $385K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.70 | −0.021% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.64 | −0.053% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.80 | +0.032% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.70 | −0.021% | $1.7M | $38K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.59 | −0.079% | $384K | $40K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.88 | +0.074% | — | $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
Lighter EWY
Vest EWY-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 189.73 | −0.005% | $197K | $146K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.28 | +0.285% | $531K | $335K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.71 | −0.016% | $6.3M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.68 | −0.032% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.56 | −0.095% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.70 | −0.021% | $641 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.48 | −0.137% | $212K | $250K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0060% | 8h | 189.72 | −0.009% | $23 | — | 5x | as long as short |
| edgeX EWYUSDC | +0.0083% | 4h | 189.50 | −0.125% | $425K | $282K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.60 | −0.074% | $977K | $634K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.59 | −0.079% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.75 | +0.005% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAPshort | +0.0208% | 8h | 189.79 | +0.026% | $4.1M | $3.5M | 50x | |
| Bitget EWYUSDT | +0.0232% | 8h | 189.74 | 0.000% | $2.8M | $1.9M | 20x | as long as short |
| Aster EWYUSDT | +0.0389% | 8h | 189.78 | +0.021% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0472% | 8h | 189.67 | −0.039% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0488% | 1h | 189.69 | −0.026% | $302K | $670K | 10x | as long as short |
| Binance EWYUSDTlong | +0.0491% | 8h | 189.74 | long leg | $28.3M | $77.5M | 50x | |
| MEXC EWY_USDT | +0.0495% | 8h | 189.74 | 0.000% | $7.0M | $4.2M | 100x | as long as short |
| BloFin EWY-USDT | +0.0565% | 8h | 190.43 | +0.364% | $2K | $214K | 50x | as long as short |
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
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
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
MEXC EWY_USDT
BloFin EWY-USDT