EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0565%/8h= −61.9% APRnext payment −$5.65 per $10,000 · paid last 24h −0.068%

Price spread now: Phemex against BloFin−0.441%719s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.085% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 3 days (all we have)+0.454%+$45 · spread now −0.441%, 7d avg −0.001%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Phemex is 0.440% cheaper against BloFin than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 719 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.65 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	BloFin EWY-USDT	190.43	0.0565	pay 0.0565% / 8h	6h 36m	$2K	$214K	50x
Short	Phemex EWYUSDT	189.59	0	get 0.0000% / 8h	6h 36m	$1.7M	$38K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhemexbpOrdersPrice spread, now −0.441%Rate

Funding earned: −$118.67
Price spread: −0.441% → −0.001%: −$44.05
Slippage, 4 orders: −$84.5
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$271.22
Costs to cover: 1.085%
Break-even: never at this rate

Slippage from BloFin: live order book, 23 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 BloFin live order book, 23 min ago	0.26 bp	6.5 bp −$7	7.7 bp −$77	15.6 bp −$1,563	doesn't fit
Sell Phemex live order book, 1 min ago	0.26 bp	46.0 bp −$46	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
Deribit EWY_USDC-PERPETUAL	−0.0225%	1h	189.50	−0.488%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	189.63	−0.420%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.59	−0.441%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.60	−0.437%	$749K	$385K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.66	−0.404%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.65	−0.410%	$22K	$37K	20x	as long as short
Phemex EWYUSDTshort	0.0000%	8h	189.59	−0.441%	$1.7M	$38K	10x
Lighter EWY	+0.0032%	1h	189.45	−0.515%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.78	−0.341%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.63	−0.420%	$197K	$146K	20x	as long as short

Show 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	−0.079%	$531K	$336K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	189.58	−0.446%	$6.2M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.69	−0.389%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.44	−0.520%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.55	−0.462%	$626	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.41	−0.536%	$229K	$242K	10x	as long as short
Paradex EWY-USD-PERP	+0.0061%	8h	189.67	−0.401%	$23	—	5x	as long as short
edgeX EWYUSDC	+0.0083%	4h	189.50	−0.487%	$425K	$282K	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.64	−0.415%	$976K	$634K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.57	−0.452%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.65	−0.410%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0192%	1h	189.62	−0.425%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0216%	8h	189.59	−0.441%	$4.1M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0271%	8h	189.62	−0.425%	$2.7M	$1.9M	20x	as long as short
Aster EWYUSDT	+0.0402%	8h	189.69	−0.391%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0499%	8h	189.70	−0.386%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0504%	1h	189.50	−0.487%	$302K	$670K	10x	as long as short
Binance EWYUSDT	+0.0506%	8h	189.59	−0.441%	$28.3M	$77.6M	50x	as long as short
MEXC EWY_USDT	+0.0510%	8h	189.60	−0.436%	$7.0M	$4.2M	100x	as long as short
BloFin EWY-USDTlong	+0.0565%	8h	190.43	long leg	$2K	$214K	50x