Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.003%
Price spread now: Bybit against Ondo Perps+0.021%47s7-day average +0.104% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.021%, 7d avg +0.104%
=Together, before fees+0.106%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.083% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.104%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps EWY-USD.P | 187.75 | 0.0050 | pay 0.0006% / 1h | 39m 52s | $224K | $317K | 10x |
| Short | Bybit EWYUSDT | 187.79 | 0 | get 0.0000% / 8h | 1h 39m | $4.9M | $4.8M | 100x |
Ondo Perps EWY-USD.P
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$10.58
- Price spread: +0.021% → +0.104%
- −$8.32
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.9
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 3 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.53 bp | 8.2 bp −$8 | 12.0 bp −$120 | doesn't fit | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0151% | 8h | 187.82 | +0.037% | $2.7M | $2.3M | 20x | as long as short |
| Hotstuff EWY-PERP | −0.0016% | 1h | 187.77 | +0.011% | $28K | $12K | 20x | as long as short |
| BloFin EWY-USDT | −0.0011% | 8h | 187.87 | +0.064% | $48K | $216K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.78 | +0.015% | $291K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.75 | +0.003% | $239K | $498K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.75 | −0.001% | $27.2M | $81.9M | 50x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 187.79 | +0.021% | $4.9M | $4.8M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.63 | −0.064% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.83 | +0.043% | $4.0M | $4.3M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.79 | +0.021% | $8.6M | $4.5M | 100x | as long as short |
Bitget EWYUSDT
Hotstuff EWY-PERP
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | 0.0000% | 8h | 187.81 | +0.033% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 188.00 | +0.135% | $744K | $425K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 187.81 | +0.032% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.97 | +0.117% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.82 | +0.037% | $1.7M | $36K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.67 | −0.043% | $380K | $40K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0045% | 1h | 187.58 | −0.091% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.91 | +0.085% | $197K | $151K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 187.84 | +0.048% | $522K | $273K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.71 | −0.021% | $6.4M | $14.4M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 187.78 | +0.016% | $143K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.68 | −0.037% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.79 | +0.021% | $751 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.Plong | +0.0050% | 1h | 187.75 | long leg | $224K | $317K | 10x | |
| Paradex EWY-USD-PERP | +0.0059% | 8h | 187.86 | +0.061% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.68 | −0.037% | $966K | $595K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.50 | −0.133% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.82 | +0.037% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0123% | 1h | 187.79 | +0.021% | $2K | $14K | 20x | as long as short |
| edgeX EWYUSDC | +0.0599% | 4h | 187.98 | +0.122% | $421K | $286K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC