Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Phemex against Popdex−0.005%7-day average +0.003% · 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−$113as in the Price arb table
costs, in and out, $10k−$1121.118% of the position
Funding, last 4 days (all we have)−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.005%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex EWYUSDT | 190.68 | 0.0048 | pay 0.0006% / 1h | 11m 55s | $198K | $146K | 20x |
| Short | Phemex EWYUSDT | 190.67 | 0 | get 0.0000% / 8h | 4h 11m | $1.7M | $37K | 10x |
Popdex EWYUSDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$10.08
- Price spread: −0.005% → +0.003%
- −$0.86
- Slippage, 4 orders
- −$93.39
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$122.73
- Costs to cover
- 1.118%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 47 min ago; Phemex: live order book, 1 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, 47 min ago | 0.52 bp | 5.1 bp −$5 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.10 bp | 58.9 bp −$59 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0056% | 1h | 190.59 | −0.047% | $29K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.74 | +0.031% | $5.1M | $4.2M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.69 | +0.005% | $4.2M | $3.8M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.57 | −0.057% | $753K | $395K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.55 | −0.068% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.61 | −0.037% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 190.67 | −0.005% | $1.7M | $37K | 10x | |
| OKX EWY-USDT-SWAP | +0.0019% | 8h | 190.70 | +0.010% | $4.1M | $3.3M | 50x | as long as short |
| Aster EWYUSDT | +0.0024% | 8h | 190.65 | −0.018% | $296K | $12K | 20x | as long as short |
| Lighter EWY | +0.0032% | 1h | 190.53 | −0.079% | $386K | $39K | 20x | as long as short |
Hotstuff EWY-PERP
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
OKX EWY-USDT-SWAP
Aster EWYUSDT
Lighter EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 190.58 | −0.052% | $532K | $299K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.82 | +0.073% | — | $220K | 25x | as long as short |
| Popdex EWYUSDTlong | +0.0048% | 1h | 190.68 | long leg | $198K | $146K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.59 | −0.047% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.56 | −0.063% | $30K | $66K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.48 | −0.105% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.66 | −0.010% | $752 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.52 | −0.084% | $201K | $266K | 10x | as long as short |
| Bitget EWYUSDT | +0.0051% | 8h | 190.68 | 0.000% | $2.7M | $2.0M | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0053% | 8h | 190.67 | −0.007% | $23 | — | 5x | as long as short |
| Variational Omni EWY | +0.0064% | 8h | 190.50 | −0.094% | $1.2M | $1.1M | — | as long as short |
| Extended EWY_24_5-USD | +0.0096% | 1h | 190.62 | −0.033% | $301K | $669K | 10x | as long as short |
| Binance EWYUSDT | +0.0098% | 8h | 190.67 | −0.005% | $28.1M | $76.5M | 50x | as long as short |
| MEXC EWY_USDT | +0.0099% | 8h | 190.66 | −0.010% | $6.5M | $3.9M | 100x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.60 | −0.042% | $982K | $621K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.51 | −0.089% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.65 | −0.016% | $2K | $1K | 20x | as long as short |
| BloFin EWY-USDT | +0.0120% | 8h | 190.69 | +0.005% | $48K | $214K | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0170% | 1h | 190.64 | −0.021% | $2K | $13K | 20x | as long as short |
| edgeX EWYUSDC | +0.0353% | 4h | 190.51 | −0.087% | $427K | $285K | 20x | as long as short |
Coinbase International EWY-PERP-INTX
Vest EWY-USD-PERP
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Bitget EWYUSDT
Paradex EWY-USD-PERP
Variational Omni EWY
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
BloFin EWY-USDT
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC