Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Popdex−0.037%7-day average −0.069% · 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−$19as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 4 days (all we have)−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.037%, 7d avg −0.069%
=Together, before fees−0.058%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.032% dearer against Popdex than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.069%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex EWYUSDT | 190.32 | 0.0048 | pay 0.0006% / 1h | 50m 14s | $198K | $146K | 20x |
| Short | Lighter EWY | 190.25 | 0.0032 | get 0.0004% / 1h | 50m 14s | $386K | $39K | 20x |
Popdex EWYUSDT
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Popdex. 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
- −$3.36
- Price spread: −0.037% → −0.069%
- $3.24
- Slippage, 4 orders
- −$16.13
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.65
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 13 min ago; Lighter: live order book, 4 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 Popdex live order book, 13 min ago | 0.79 bp | 5.5 bp −$5 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.84 bp | 7.4 bp −$7 | 19.5 bp −$195 | 50.6 bp −$5,062 | doesn't fit |
EWY on 29 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 | 190.34 | +0.011% | $5.1M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.30 | −0.011% | $4.0M | $3.7M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.28 | −0.018% | $752K | $389K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.25 | −0.037% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 190.28 | −0.021% | $2K | $13K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | 0.0000% | 1h | 189.56 | −0.399% | $529K | $318K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.47 | +0.079% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.24 | −0.042% | $1.7M | $38K | 10x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 190.25 | −0.037% | $386K | $39K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.52 | +0.105% | — | $220K | 25x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
Coinbase International EWY-PERP-INTX
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDTlong | +0.0048% | 1h | 190.32 | long leg | $198K | $146K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.25 | −0.037% | $6.1M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.25 | −0.037% | $52K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.14 | −0.095% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.27 | −0.026% | $741 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.31 | −0.005% | $198K | $275K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0059% | 8h | 190.44 | +0.064% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0090% | 8h | 190.30 | −0.011% | $2.7M | $2.0M | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.26 | −0.032% | $980K | $627K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.29 | −0.016% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.30 | −0.011% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0138% | 8h | 190.30 | −0.011% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0269% | 8h | 190.39 | +0.037% | $295K | $12K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0272% | 1h | 190.35 | +0.016% | $29K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0325% | 8h | 190.41 | +0.046% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0350% | 8h | 190.37 | +0.025% | $28.4M | $77.0M | 50x | as long as short |
| MEXC EWY_USDT | +0.0351% | 8h | 190.32 | 0.000% | $6.4M | $4.2M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0352% | 1h | 190.31 | −0.006% | $302K | $665K | 10x | as long as short |
| edgeX EWYUSDC | +0.0950% | 4h | 190.24 | −0.041% | $426K | $283K | 20x | as long as short |
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Bitget EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Aster EWYUSDT
Hotstuff EWY-PERP
Variational Omni EWY
Binance EWYUSDT
MEXC EWY_USDT
Extended EWY_24_5-USD
edgeX EWYUSDC