Funding you earn now, next payment 08:00 UTC−0.0617%/8h= −67.6% APRnext payment −$6.17 per $10,000 · paid last 24h −0.070%
Price spread now: Phemex against Binance+0.015%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1081.084% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 2 days (all we have)−0.005%−$1 · spread now +0.015%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.17 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 | 191.03 | 0.0617 | pay 0.0617% / 8h | 7h 22m | $28.7M | $78.2M | 50x |
| Short | Phemex EWYUSDT | 191.06 | 0 | get 0.0000% / 8h | 7h 22m | $1.7M | $38K | 10x |
Binance EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$129.56
- Price spread: +0.015% → +0.007%
- $0.76
- Slippage, 4 orders
- −$86.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$237.24
- Costs to cover
- 1.084%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Phemex: live order book, 1 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, 5 min ago | 0.26 bp | 5.3 bp −$5 | 8.1 bp −$81 | 22.9 bp −$2,294 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.83 bp | 61.0 bp −$61 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDT | 0.0000% | 8h | 191.02 | −0.006% | $5.2M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 191.03 | −0.001% | $4.1M | $3.4M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.76 | −0.141% | $755K | $375K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.77 | −0.137% | — | $2.6M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.80 | −0.121% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 191.06 | +0.015% | $1.7M | $38K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.82 | −0.111% | $387K | $63K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 191.05 | +0.009% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.84 | −0.100% | $196K | $143K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.90 | −0.069% | $6.3M | $14.7M | 20x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:EWY | +0.0050% | 1h | 190.53 | −0.263% | $52K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.77 | −0.137% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.82 | −0.111% | $456 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.64 | −0.205% | $230K | $233K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0080% | 8h | 190.81 | −0.115% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.63 | −0.210% | $982K | $664K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.62 | −0.216% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 191.06 | +0.015% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0117% | 1h | 191.03 | −0.001% | $2K | $13K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 190.67 | −0.189% | $532K | $340K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0291% | 8h | 191.09 | +0.030% | $4.2M | $3.5M | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0360% | 1h | 190.72 | −0.163% | $29K | $12K | 20x | as long as short |
| Bitget EWYUSDT | +0.0386% | 8h | 190.96 | −0.038% | $2.8M | $1.6M | 20x | as long as short |
| Aster EWYUSDT | +0.0499% | 8h | 190.96 | −0.037% | $296K | $12K | 20x | as long as short |
| BloFin EWY-USDT | +0.0589% | 8h | 190.63 | −0.210% | $47K | $214K | 50x | as long as short |
| Variational Omni EWY | +0.0592% | 8h | 190.74 | −0.151% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0616% | 1h | 190.98 | −0.029% | $304K | $717K | 10x | as long as short |
| Binance EWYUSDTlong | +0.0617% | 8h | 191.03 | long leg | $28.7M | $78.2M | 50x | |
| edgeX EWYUSDC | +0.0618% | 4h | 190.69 | −0.177% | $427K | $282K | 20x | as long as short |
| MEXC EWY_USDT | +0.0618% | 8h | 190.94 | −0.048% | $7.4M | $4.5M | 100x | as long as short |
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL
Coinbase International EWY-PERP-INTX
OKX EWY-USDT-SWAP
Hotstuff EWY-PERP
Bitget EWYUSDT
Aster EWYUSDT
BloFin EWY-USDT
Variational Omni EWY
Extended EWY_24_5-USD
edgeX EWYUSDC
MEXC EWY_USDT