Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.032%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$383as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$3623.624% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.032%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin EWYUSDTM | 190.23 | 0.0100 | pay 0.0100% / 8h | 5h 23m | $981K | $628K | 20x |
| Short | Phemex EWYUSDT | 190.29 | 0 | get 0.0000% / 8h | 5h 23m | $1.7M | $38K | 10x |
KuCoin EWYUSDTM
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$21
- Price spread: +0.032% → +0.057%
- −$2.53
- Slippage, 4 orders
- −$338.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$385.96
- Costs to cover
- 3.624%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 31 min ago; Phemex: live order book, 5 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 KuCoin live order book, 31 min ago | 3.68 bp | 115.4 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.63 bp | 45.4 bp −$45 | 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 | 190.30 | +0.037% | $5.1M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.26 | +0.016% | $4.1M | $3.7M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.11 | −0.063% | $751K | $391K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.13 | −0.053% | — | $2.5M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | 0.0000% | 1h | 190.17 | −0.032% | $530K | $312K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.15 | −0.042% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.29 | +0.032% | $1.7M | $38K | 10x | |
| Lighter EWY | +0.0032% | 1h | 189.96 | −0.142% | $385K | $39K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0032% | 1h | 190.14 | −0.047% | $29K | $12K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.33 | +0.053% | — | $220K | 25x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Coinbase International EWY-PERP-INTX
HTX EWY-USDT
Lighter EWY
Hotstuff EWY-PERP
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 | 190.23 | 0.000% | $198K | $145K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.19 | −0.021% | $6.1M | $13.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.11 | −0.063% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.06 | −0.089% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.21 | −0.011% | $746 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.06 | −0.089% | $198K | $265K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0056% | 8h | 190.25 | +0.012% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0059% | 8h | 190.32 | +0.047% | $2.7M | $2.0M | 20x | as long as short |
| KuCoin EWYUSDTMlong | +0.0100% | 8h | 190.23 | long leg | $981K | $628K | 20x | |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.08 | −0.079% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.19 | −0.021% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0105% | 8h | 190.31 | +0.042% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0190% | 8h | 190.22 | −0.005% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0237% | 8h | 190.09 | −0.076% | $1.2M | $1.1M | — | as long as short |
| BloFin EWY-USDT | +0.0241% | 8h | 190.30 | +0.037% | $48K | $214K | 50x | as long as short |
| Binance EWYUSDT | +0.0262% | 8h | 190.31 | +0.040% | $28.4M | $77.0M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0264% | 1h | 190.26 | +0.015% | $302K | $665K | 10x | as long as short |
| MEXC EWY_USDT | +0.0266% | 8h | 190.31 | +0.042% | $6.5M | $4.2M | 100x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0540% | 1h | 190.14 | −0.047% | $2K | $13K | 20x | as long as short |
| edgeX EWYUSDC | +0.0946% | 4h | 190.08 | −0.077% | $426K | $283K | 20x | as long as short |
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Bitget EWYUSDT
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC