Funding you earn now, next payment 02:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.014%
Price spread now: Lighter against Bitget−0.095%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.095%, 7d avg −0.071%
=Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.024% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment. 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 | Bitget EWYUSDT | 189.70 | 0.0286 | pay 0.0286% / 8h | 6h 38m | $2.7M | $1.9M | 20x |
| Short | Lighter EWY | 189.52 | 0.0032 | get 0.0004% / 1h | 38m 14s | $384K | $40K | 20x |
Bitget EWYUSDT
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$53.34
- Price spread: −0.095% → −0.071%
- −$2.38
- Slippage, 4 orders
- −$16.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.92
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 21 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 Bitget live order book, 4 min ago | 0.53 bp | 10.8 bp −$11 | 12.1 bp −$121 | 38.4 bp −$3,840 | doesn't fit |
| Sell Lighter live order book, 21 min ago | 3.15 bp | 3.2 bp −$3 | 9.7 bp −$97 | 42.8 bp −$4,281 | 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 | −0.0172% | 1h | 189.58 | −0.063% | $2K | $13K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.68 | −0.011% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.67 | −0.016% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.73 | +0.015% | $750K | $384K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.65 | −0.026% | — | $2.6M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.65 | −0.026% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.63 | −0.037% | $1.7M | $37K | 10x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 189.52 | −0.095% | $384K | $40K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.78 | +0.042% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.69 | −0.005% | $197K | $146K | 20x | as long as short |
Deribit EWY_USDC-PERPETUAL
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.28 | +0.306% | $531K | $336K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.60 | −0.053% | $6.2M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.69 | −0.005% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.48 | −0.116% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.58 | −0.063% | $622 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.41 | −0.153% | $229K | $242K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0061% | 8h | 189.65 | −0.028% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.69 | −0.005% | $977K | $635K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.78 | +0.042% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.68 | −0.011% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0192% | 1h | 189.62 | −0.042% | $28K | $12K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0219% | 8h | 189.65 | −0.026% | $4.1M | $3.5M | 50x | as long as short |
| Bitget EWYUSDTlong | +0.0286% | 8h | 189.70 | long leg | $2.7M | $1.9M | 20x | |
| Aster EWYUSDT | +0.0402% | 8h | 189.73 | +0.015% | $294K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0496% | 4h | 189.87 | +0.090% | $425K | $282K | 20x | as long as short |
| Variational Omni EWY | +0.0499% | 8h | 189.70 | −0.002% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0510% | 8h | 189.65 | −0.028% | $28.3M | $77.6M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0512% | 1h | 189.61 | −0.049% | $302K | $670K | 10x | as long as short |
| MEXC EWY_USDT | +0.0514% | 8h | 189.67 | −0.016% | $7.0M | $4.2M | 100x | as long as short |
| BloFin EWY-USDT | +0.0565% | 8h | 190.43 | +0.385% | $2K | $214K | 50x | as long as short |
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
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Hotstuff EWY-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
edgeX EWYUSDC
Variational Omni EWY
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT
BloFin EWY-USDT