EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.043%

Price spread now: Lighter against Extended+0.047%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.047%, 7d avg −0.040%

Together, before fees−0.144%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.087% dearer against Extended than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.040%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.050% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Extended EWY_24_5-USD	190.10	0.0344	pay 0.0043% / 1h	48m 01s	$302K	$665K	10x
Short	Lighter EWY	190.19	0.0032	get 0.0004% / 1h	48m 01s	$385K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$65.52
Price spread: +0.047% → −0.040%: $8.71
Slippage, 4 orders: −$12.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$73.87
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Extended: live order book, 15 min ago; Lighter: live order book, 7 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 Extended live order book, 15 min ago	0.03 bp	2.8 bp −$3	7.2 bp −$72	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.84 bp	7.4 bp −$7	19.5 bp −$195	50.6 bp −$5,062	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	−0.0171%	1h	190.16	+0.031%	$2K	$13K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.21	+0.058%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.24	+0.074%	$4.0M	$3.7M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.45	+0.186%	$753K	$388K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.19	+0.047%	—	$2.5M	20x	as long as short
Coinbase International EWY-PERP-INTX	0.0000%	1h	190.19	+0.047%	$530K	$318K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.47	+0.195%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.23	+0.068%	$1.7M	$38K	10x	as long as short
Lighter EWYshort	+0.0032%	1h	190.19	+0.047%	$385K	$39K	20x
Vest EWY-USD-PERP	+0.0046%	1h	190.36	+0.137%	—	$220K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.18	+0.042%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.10	0.000%	$6.1M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.21	+0.058%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.00	−0.053%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.22	+0.063%	$740	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.31	+0.110%	$198K	$275K	10x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	190.18	+0.044%	$23	—	5x	as long as short
Bitget EWYUSDT	+0.0092%	8h	190.16	+0.031%	$2.7M	$2.0M	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.22	+0.063%	$980K	$627K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.29	+0.100%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.24	+0.074%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0134%	8h	190.14	+0.021%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0262%	8h	190.31	+0.108%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0325%	8h	190.41	+0.162%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USDlong	+0.0344%	1h	190.10	long leg	$302K	$665K	10x
Binance EWYUSDT	+0.0345%	8h	190.15	+0.027%	$28.3M	$77.0M	50x	as long as short
MEXC EWY_USDT	+0.0346%	8h	190.18	+0.042%	$6.4M	$4.2M	100x	as long as short
Hotstuff EWY-PERP	+0.0368%	1h	190.11	+0.005%	$28K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0950%	4h	190.24	+0.075%	$426K	$283K	20x	as long as short