Funding you earn now, next payment 01:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h −0.034%
Price spread now: Lighter against Deribit−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.021% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit EWY_USDC-PERPETUAL | 190.33 | 0.0276 | pay 0.0034% / 1h | 47m 42s | $2K | $13K | 20x |
| Short | Lighter EWY | 190.29 | 0.0032 | get 0.0004% / 1h | 47m 42s | $379K | $54K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- −$51.17
- Price spread: −0.021% → 0.000%
- −$2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$60.27
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 17 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 17 min ago | 3.96 bp | 10.6 bp −$11 | 17.2 bp −$172 | 47.9 bp −$4,789 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | 0.0000% | 8h | 190.41 | +0.042% | $4.1M | $3.3M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.94 | −0.205% | $752K | $389K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.10 | −0.121% | — | $2.7M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.24 | −0.047% | $37K | $29K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.34 | +0.005% | $1.7M | $38K | 10x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 190.29 | −0.021% | $379K | $54K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.40 | +0.037% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.30 | −0.016% | $196K | $142K | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.03 | −0.158% | $52K | $58K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.20 | −0.068% | $4K | $109 | 20x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX EWY-USD | +0.0050% | 1h | 190.25 | −0.042% | $785 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.18 | −0.079% | $242K | $213K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.21 | −0.063% | $979K | $678K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.87 | −0.242% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.33 | 0.000% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0103% | 8h | 190.43 | +0.052% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 189.78 | −0.289% | $530K | $337K | 20x | as long as short |
| Bybit EWYUSDT | +0.0149% | 8h | 190.47 | +0.074% | $5.3M | $4.2M | 100x | as long as short |
| tradeXYZ xyz:EWY | +0.0164% | 1h | 190.36 | +0.016% | $6.4M | $14.9M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUALlong | +0.0276% | 1h | 190.33 | long leg | $2K | $13K | 20x | |
| Bitget EWYUSDT | +0.0279% | 8h | 190.43 | +0.053% | $2.8M | $1.6M | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0328% | 1h | 190.41 | +0.042% | $29K | $12K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0338% | 8h | 190.44 | +0.058% | $4.1M | $3.6M | 50x | as long as short |
| Aster EWYUSDT | +0.0551% | 8h | 190.34 | +0.004% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0654% | 8h | 189.97 | −0.191% | $1.2M | $1.3M | — | as long as short |
| edgeX EWYUSDC | +0.0673% | 4h | 190.12 | −0.109% | $426K | $283K | 20x | as long as short |
| BloFin EWY-USDT | +0.0679% | 8h | 190.23 | −0.053% | $47K | $214K | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0680% | 1h | 190.33 | +0.001% | $299K | $488K | 10x | as long as short |
| MEXC EWY_USDT | +0.0680% | 8h | 190.40 | +0.037% | $7.6M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0680% | 8h | 190.39 | +0.032% | $28.7M | $78.9M | 50x | as long as short |
Deribit EWY_USDC-PERPETUAL
Lighter EWY
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Popdex EWYUSDT
Polymarket Perps EWY-USD
SoDEX EWY-USD
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
Bybit EWYUSDT
tradeXYZ xyz:EWY
Bitget EWYUSDT
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
edgeX EWYUSDC
BloFin EWY-USDT
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT