Funding you earn now, next payment 02:00 UTC−0.0375%/8h= −41.1% APRpaid last 24h −0.056%
Price spread now: Popdex against Binance−0.032%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−$29as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 3 days (all we have)−0.029%−$3 on $10k
+Price spread, last 2 days (all we have)+0.042%+$4 · spread now −0.032%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Popdex is 0.028% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.029% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance EWYUSDT | 189.84 | 0.0423 | pay 0.0423% / 8h | 6h 14m | $28.3M | $77.5M | 50x |
| Short | Popdex EWYUSDT | 189.78 | 0.0048 | get 0.0006% / 1h | 14m 51s | $197K | $146K | 20x |
Binance EWYUSDT
Popdex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Binance. 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
- −$78.73
- Price spread: −0.032% → −0.003%
- −$2.84
- Slippage, 4 orders
- −$9.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$107.27
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Popdex: live order book, 54 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 Binance live order book, 13 min ago | 0.26 bp | 5.7 bp −$6 | 6.6 bp −$66 | 17.8 bp −$1,783 | doesn't fit |
| Sell Popdex live order book, 54 min ago | 0.52 bp | 5.9 bp −$6 | 15.1 bp −$151 | doesn't fit | 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 | 189.88 | +0.021% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.87 | +0.016% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.59 | −0.130% | $749K | $389K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.78 | −0.032% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.75 | −0.047% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.78 | −0.032% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.80 | −0.021% | $1.7M | $38K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.66 | −0.095% | $384K | $40K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.97 | +0.068% | — | $220K | 25x | as long as short |
| Popdex EWYUSDTshort | +0.0048% | 1h | 189.78 | −0.032% | $197K | $146K | 20x |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.56 | −0.147% | $529K | $330K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.76 | −0.042% | $6.2M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.71 | −0.068% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.70 | −0.074% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.81 | −0.016% | $714 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.64 | −0.105% | $198K | $272K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0056% | 8h | 189.83 | −0.007% | $23 | — | 5x | as long as short |
| Hotstuff EWY-PERP | +0.0080% | 1h | 189.77 | −0.037% | $28K | $12K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.68 | −0.084% | $977K | $631K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.61 | −0.121% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.84 | 0.000% | $2K | $1K | 20x | as long as short |
| Bitget EWYUSDT | +0.0102% | 8h | 189.85 | +0.005% | $2.8M | $1.9M | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0179% | 8h | 189.88 | +0.021% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0328% | 8h | 189.85 | +0.003% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0399% | 8h | 189.76 | −0.042% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDTlong | +0.0423% | 8h | 189.84 | long leg | $28.3M | $77.5M | 50x | |
| Extended EWY_24_5-USD | +0.0424% | 1h | 189.82 | −0.009% | $302K | $665K | 10x | as long as short |
| MEXC EWY_USDT | +0.0426% | 8h | 189.89 | +0.026% | $7.0M | $4.2M | 100x | as long as short |
| edgeX EWYUSDC | +0.0859% | 4h | 189.61 | −0.120% | $425K | $283K | 20x | as long as short |
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
Hotstuff EWY-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Bitget EWYUSDT
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
MEXC EWY_USDT
edgeX EWYUSDC