Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.065%
Price spread now: BloFin against Phemex−0.127%59s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as 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−$1141.136% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.127%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.127% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 59 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 | Phemex EWYUSDT | 189.11 | 0 | get 0.0000% / 8h | 3h 04m | $1.7M | $37K | 10x |
| Short | BloFin EWY-USDT | 188.87 | −0.0003 | pay 0.0003% / 8h | 3h 04m | $48K | $215K | 50x |
Phemex EWYUSDT
BloFin EWY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- −$0.68
- Price spread: −0.127% → 0.000%
- −$12.68
- Slippage, 4 orders
- −$89.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$126.93
- Costs to cover
- 1.136%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; BloFin: live order book, 17 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 Phemex live order book, 4 min ago | 2.12 bp | 50.2 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 0.26 bp | 6.3 bp −$6 | 6.9 bp −$69 | 13.2 bp −$1,324 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EWY-USDTshort | −0.0003% | 8h | 188.87 | −0.127% | $48K | $215K | 50x | |
| Aster EWYUSDT | 0.0000% | 8h | 189.11 | +0.001% | $293K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 189.04 | −0.036% | $300K | $422K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 189.10 | −0.003% | $27.6M | $77.7M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.09 | −0.011% | $5.1M | $4.4M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.06 | −0.026% | $4.2M | $4.0M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 188.96 | −0.079% | $4.1M | $3.9M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 189.09 | −0.011% | $6.2M | $3.8M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.11 | 0.000% | $2.7M | $2.2M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 188.85 | −0.136% | $1.2M | $1.1M | — | as long as short |
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 188.70 | −0.217% | $746K | $406K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.95 | −0.085% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.00 | −0.058% | $2K | $14K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 188.91 | −0.106% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 189.11 | long leg | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 188.96 | −0.079% | $383K | $40K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.89 | −0.116% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.99 | −0.063% | $197K | $147K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 188.40 | −0.375% | $524K | $290K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.93 | −0.095% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 188.79 | −0.169% | $65K | $81K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.84 | −0.143% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.98 | −0.069% | $733 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.63 | −0.254% | $202K | $304K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0051% | 8h | 188.95 | −0.087% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.89 | −0.116% | $974K | $613K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.81 | −0.159% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.05 | −0.032% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0624% | 1h | 188.76 | −0.185% | $28K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0734% | 4h | 188.57 | −0.288% | $423K | $284K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
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
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Hotstuff EWY-PERP
edgeX EWYUSDC