Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%
Price spread now: Entropy against Lighter+0.111%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Entropy is 0.111% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 189.34 | 0.0032 | pay 0.0004% / 1h | 13m 26s | $377K | $62K | 20x |
| Short | Entropy io:EWY | 189.55 | 0.0050 | get 0.0006% / 1h | 13m 26s | $51K | $57K | 25x |
Lighter EWY
Entropy io:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Lighter. 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
- $3.78
- Price spread: +0.111% → 0.000%
- $11.09
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$3.13
- Costs to cover
- 0.180%
- Break-even
- 12.8 days
Slippage unknown: Lighter: live order book, 56 min ago; Entropy: no order-book sample. Net counts fees only.
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 Lighter live order book, 56 min ago | 4.23 bp | 6.7 bp −$7 | 16.8 bp −$168 | 48.8 bp −$4,878 | doesn't fit |
| Sell Entropy no order-book sample | — | — | — | — | — |
Entropy: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | 0.0000% | 8h | 189.55 | +0.111% | $3.6M | $3.1M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.37 | +0.016% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.51 | +0.090% | $1.7M | $37K | 10x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 189.34 | long leg | $377K | $62K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.63 | +0.153% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.52 | +0.095% | $194K | $138K | 20x | as long as short |
| Entropy io:EWYshort | +0.0050% | 1h | 189.55 | +0.111% | $51K | $57K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.36 | +0.011% | $4K | $81 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.56 | +0.116% | $775 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.33 | −0.005% | $243K | $200K | 10x | as long as short |
Gate EWY_USDT
SunX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDT
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.PShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.55 | +0.111% | $965K | $687K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.79 | +0.238% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.53 | +0.100% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0134% | 8h | 189.60 | +0.135% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 189.48 | +0.074% | $527K | $342K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0145% | 1h | 189.48 | +0.074% | $6.6M | $14.8M | 20x | as long as short |
| Bybit EWYUSDT | +0.0173% | 8h | 189.59 | +0.132% | $5.3M | $4.1M | 100x | as long as short |
| Bitget EWYUSDT | +0.0224% | 8h | 189.59 | +0.132% | $2.6M | $1.5M | 20x | as long as short |
| HTX EWY-USDT | +0.0225% | 8h | 189.99 | +0.343% | $36K | $8K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0320% | 1h | 189.38 | +0.021% | $28K | $12K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0326% | 8h | 189.54 | +0.106% | $4.0M | $4.0M | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0436% | 1h | 189.59 | +0.132% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0567% | 8h | 189.43 | +0.049% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0661% | 8h | 189.82 | +0.252% | $1.5M | $972K | — | as long as short |
| GRVT EWY_USDT_Perp | +0.0661% | 8h | 189.90 | +0.298% | $751K | $395K | 10x | as long as short |
| BloFin EWY-USDT | +0.0674% | 8h | 189.83 | +0.259% | $47K | $214K | 50x | as long as short |
| MEXC EWY_USDT | +0.0694% | 8h | 189.52 | +0.095% | $7.5M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0695% | 8h | 189.51 | +0.090% | $28.5M | $78.8M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0696% | 1h | 189.44 | +0.054% | $298K | $396K | 10x | as long as short |
| edgeX EWYUSDC | +0.0775% | 4h | 189.81 | +0.246% | $425K | $276K | 20x | as long as short |
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Bybit EWYUSDT
Bitget EWYUSDT
HTX EWY-USDT
Hotstuff EWY-PERP
OKX EWY-USDT-SWAP
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
GRVT EWY_USDT_Perp
BloFin EWY-USDT
MEXC EWY_USDT
Binance EWYUSDT
Extended EWY_24_5-USD
edgeX EWYUSDC