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Funding arb · Price arb /

EWY

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0562%/8h= +61.5% APRnext payment +$5.62 per $10,000 · paid last 24h +0.047%
Price spread now: Binance against Bitget−0.055%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Long on BitgetShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.139%+$14 on $10k
Price spread, last 7 days+0.035%+$4 · spread now −0.055%, 7d avg −0.004%
Together, before fees+0.174%+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.051% cheaper against Bitget than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.004%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.139% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EWYUSDT186.68−0.0562get 0.0562% / 8h13m 21s$3.0M$2.6M20x
ShortBinance EWYUSDT186.580get 0.0000% / 8h13m 21s$27.0M$83.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$118.02
Price spread: −0.055% → −0.004%
−$5.11
Slippage, 4 orders
−$7.79
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
$83.12
Costs to cover
0.298%
Break-even
2.1 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago0.80 bp10.1 bp −$1014.3 bp −$14330.1 bp −$3,015doesn't fit
Sell Binance live order book, 14 min ago0.27 bp5.3 bp −$57.2 bp −$7224.9 bp −$2,492doesn't fit

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EWY-PERP−0.1976%1h186.49−0.102%$28K$12K20xas long as short
Bitget EWYUSDTlong−0.0562%8h186.68long leg$3.0M$2.6M20x
Vest EWY-USD-PERP−0.0019%1h186.07−0.327%—$220K25xas long as short
BloFin EWY-USDT−0.0009%8h186.53−0.080%$48K$217K50xas long as short
Aster EWYUSDT0.0000%8h186.57−0.057%$289K$13K20xas long as short
Extended EWY_24_5-USD0.0000%1h186.54−0.073%$237K$912K10xas long as short
Binance EWYUSDTshort0.0000%8h186.58−0.055%$27.0M$83.2M50x
Bybit EWYUSDT0.0000%8h186.63−0.027%$4.9M$4.9M100xas long as short
OKX EWY-USDT-SWAP0.0000%8h186.56−0.064%$4.1M$4.7M50xas long as short
Gate EWY_USDT0.0000%8h186.65−0.016%$4.1M$4.5M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EWY_USDT0.0000%8h186.58−0.054%$7.9M$4.4M100xas long as short
Variational Omni EWY0.0000%8h186.55−0.072%$1.1M$1.1M—as long as short
GRVT EWY_USDT_Perp0.0000%8h186.60−0.043%$732K$422K10xas long as short
SunX EWY-USDT0.0000%8h186.48−0.107%—$2.4M20xas long as short
HTX EWY-USDT0.0000%8h186.71+0.016%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h186.60−0.043%$1.6M$37K10xas long as short
Lighter EWY+0.0032%1h186.40−0.150%$378K$40K20xas long as short
Popdex EWYUSDT+0.0048%1h186.61−0.037%$198K$154K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h186.43−0.134%$6.4M$14.7M20xas long as short
Entropy io:EWY+0.0050%1h186.44−0.129%$141K$120K25xas long as short
Polymarket Perps EWY-USD+0.0050%1h186.42−0.139%$4K$14120xas long as short
SoDEX EWY-USD+0.0050%1h186.56−0.064%$748$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h186.41−0.145%$224K$335K10xas long as short
Coinbase International EWY-PERP-INTX+0.0056%1h186.66−0.011%$518K$253K20xas long as short
Paradex EWY-USD-PERP+0.0058%8h186.57−0.059%$22—5xas long as short
KuCoin EWYUSDTM+0.0100%8h186.45−0.123%$960K$600K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h186.42−0.139%$13K$264K50xas long as short
Orderly PERP_EWY_USDC_mythos+0.0100%8h186.57−0.059%$2K$1K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0286%1h186.53−0.080%$2K$14K20xas long as short
edgeX EWYUSDC+0.0931%4h186.56−0.065%$418K$290K20xas long as short