EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0291%/8h= +31.9% APRnext payment +$2.91 per $10,000 · paid last 24h +0.017%

Price spread now: OKX against Bybit+0.037%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.037%, 7d avg −0.003%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.91 per $10,000. 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	Bybit EWYUSDT	191.02	0	get 0.0000% / 8h	7h 22m	$5.2M	$4.3M	100x
Short	OKX EWY-USDT-SWAP	191.09	0.0291	get 0.0291% / 8h	7h 22m	$4.2M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $61.1
Price spread: +0.037% → −0.003%: $4
Slippage, 4 orders: −$13.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $30.97
Costs to cover: 0.341%
Break-even: 3.5 days

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 5 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 Bybit live order book, 1 min ago	0.52 bp	9.0 bp −$9	11.7 bp −$117	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.26 bp	7.5 bp −$8	11.0 bp −$110	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
Bybit EWYUSDTlong	0.0000%	8h	191.02	long leg	$5.2M	$4.3M	100x
Gate EWY_USDT	0.0000%	8h	191.03	+0.005%	$4.1M	$3.4M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.76	−0.135%	$755K	$375K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.77	−0.131%	—	$2.6M	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.80	−0.115%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	191.06	+0.021%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.82	−0.105%	$387K	$63K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	191.05	+0.016%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	190.84	−0.094%	$196K	$143K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.90	−0.063%	$6.3M	$14.7M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:EWY	+0.0050%	1h	190.53	−0.257%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.77	−0.131%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.82	−0.105%	$456	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.64	−0.199%	$230K	$233K	10x	as long as short
Paradex EWY-USD-PERP	+0.0080%	8h	190.81	−0.108%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.80	−0.115%	$983K	$664K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.62	−0.209%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	191.06	+0.021%	$2K	$1K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0117%	1h	191.03	+0.005%	$2K	$13K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	190.67	−0.183%	$532K	$340K	20x	as long as short
OKX EWY-USDT-SWAPshort	+0.0291%	8h	191.09	+0.037%	$4.2M	$3.5M	50x
Hotstuff EWY-PERP	+0.0360%	1h	190.72	−0.157%	$29K	$12K	20x	as long as short
Bitget EWYUSDT	+0.0386%	8h	191.03	+0.005%	$2.8M	$1.6M	20x	as long as short
Aster EWYUSDT	+0.0499%	8h	191.01	−0.004%	$296K	$12K	20x	as long as short
BloFin EWY-USDT	+0.0589%	8h	190.63	−0.204%	$47K	$214K	50x	as long as short
Variational Omni EWY	+0.0592%	8h	190.74	−0.145%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USD	+0.0616%	1h	190.98	−0.023%	$304K	$717K	10x	as long as short
Binance EWYUSDT	+0.0617%	8h	191.03	+0.005%	$28.7M	$78.2M	50x	as long as short
edgeX EWYUSDC	+0.0618%	4h	190.69	−0.171%	$427K	$282K	20x	as long as short
MEXC EWY_USDT	+0.0618%	8h	191.04	+0.010%	$7.4M	$4.5M	100x	as long as short