Funding you earn now, next payment 09:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Popdex against Phemex−0.075%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1151.155% of the position
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.075%, 7d avg −0.004%
=Funding pays, the price is against you. Popdex is 0.072% cheaper against Phemex than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.004%). If the spread goes back, that is −$7 on $10k: about 5.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 185.66 | 0 | get 0.0000% / 8h | 7h 34m | $1.6M | $37K | 10x |
| Short | Popdex EWYUSDT | 185.52 | 0.0048 | get 0.0006% / 1h | 34m 26s | $197K | $154K | 20x |
Phemex EWYUSDT
Popdex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: −0.075% → −0.004%
- −$7.15
- Slippage, 4 orders
- −$97.05
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$112.53
- Costs to cover
- 1.155%
- Break-even
- 85.1 days
Slippage from Phemex: live order book, 4 min ago; Popdex: live order book, 64 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 | 1.62 bp | 55.7 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 64 min ago | 0.53 bp | 4.3 bp −$4 | 7.7 bp −$77 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0519% | 8h | 185.68 | +0.011% | $3.0M | $2.7M | 20x | as long as short |
| Hotstuff EWY-PERP | −0.0240% | 1h | 185.57 | −0.048% | $27K | $16K | 20x | as long as short |
| Vest EWY-USD-PERP | −0.0018% | 1h | 185.25 | −0.221% | — | $235K | 25x | as long as short |
| BloFin EWY-USDT | −0.0017% | 8h | 185.66 | 0.000% | $48K | $219K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 185.72 | +0.032% | $288K | $14K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 185.52 | −0.073% | $239K | $916K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 185.71 | +0.027% | $26.9M | $82.1M | 50x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 185.75 | +0.048% | $4.1M | $4.6M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 185.60 | −0.032% | $4.0M | $4.4M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 185.53 | −0.070% | $7.6M | $4.4M | 100x | as long as short |
Bitget EWYUSDT
Hotstuff EWY-PERP
Vest EWY-USD-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 | 185.61 | −0.025% | $1.1M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 185.76 | +0.055% | $728K | $421K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 185.73 | +0.038% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 185.69 | +0.016% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 185.66 | long leg | $1.6M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 185.36 | −0.162% | $376K | $40K | 20x | as long as short |
| Popdex EWYUSDTshort | +0.0048% | 1h | 185.52 | −0.075% | $197K | $154K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 185.41 | −0.135% | $6.2M | $14.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 185.50 | −0.086% | $141K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 185.37 | −0.156% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 185.63 | −0.016% | $742 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 185.58 | −0.043% | $234K | $334K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0058% | 8h | 185.52 | −0.074% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 185.54 | −0.065% | $956K | $621K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 185.65 | −0.005% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 185.73 | +0.038% | $2K | $1K | 20x | as long as short |
| Bybit EWYUSDT | +0.0112% | 8h | 185.64 | −0.011% | $4.9M | $4.8M | 100x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0112% | 1h | 185.80 | +0.075% | $515K | $250K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0235% | 1h | 185.63 | −0.016% | $3K | $15K | 20x | as long as short |
| edgeX EWYUSDC | +0.0794% | 4h | 185.74 | +0.044% | $416K | $285K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
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
Bybit EWYUSDT
Coinbase International EWY-PERP-INTX
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC