Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against Entropy+0.005%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
The price spread sits at zero (this spread has no 7-day history yet), 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 | Entropy io:EWY | 189.71 | 0.0050 | pay 0.0006% / 1h | 13m 55s | $51K | $57K | 25x |
| Short | Lighter EWY | 189.72 | 0.0032 | get 0.0004% / 1h | 13m 55s | $385K | $40K | 20x |
Entropy io:EWY
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. 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
- −$3.78
- Price spread: +0.005% → 0.000%
- $0.53
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Entropy: no order-book sample; Lighter: live order book, 46 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 Entropy no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 46 min ago | 3.15 bp | 3.2 bp −$3 | 9.7 bp −$97 | 42.8 bp −$4,281 | doesn't fit |
Entropy: 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 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 | 189.86 | +0.079% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.83 | +0.063% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.59 | −0.061% | $749K | $389K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.73 | +0.011% | — | $2.6M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.78 | +0.037% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.90 | +0.100% | $1.7M | $38K | 10x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0013% | 1h | 189.80 | +0.047% | $2K | $13K | 20x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 189.72 | +0.005% | $385K | $40K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.96 | +0.132% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.84 | +0.069% | $197K | $146K | 20x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Deribit EWY_USDC-PERPETUAL
Vest EWY-USD-PERP
Popdex EWYUSDTShow 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 | −0.079% | $529K | $330K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.75 | +0.021% | $6.2M | $14.0M | 20x | as long as short |
| Entropy io:EWYlong | +0.0050% | 1h | 189.71 | long leg | $51K | $57K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.70 | −0.005% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.84 | +0.069% | $716 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.71 | 0.000% | $198K | $272K | 10x | as long as short |
| Hotstuff EWY-PERP | +0.0056% | 1h | 189.76 | +0.026% | $28K | $12K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0056% | 8h | 189.82 | +0.060% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0098% | 8h | 189.87 | +0.084% | $2.8M | $1.9M | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.67 | −0.021% | $976K | $630K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.61 | −0.053% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.84 | +0.069% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0178% | 8h | 189.83 | +0.063% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0328% | 8h | 189.85 | +0.076% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0399% | 8h | 189.76 | +0.026% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0421% | 8h | 189.86 | +0.079% | $28.3M | $77.5M | 50x | as long as short |
| MEXC EWY_USDT | +0.0422% | 8h | 189.84 | +0.069% | $7.0M | $4.2M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0424% | 1h | 189.82 | +0.058% | $302K | $665K | 10x | as long as short |
| edgeX EWYUSDC | +0.0859% | 4h | 189.61 | −0.051% | $425K | $283K | 20x | as long as short |
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Hotstuff EWY-PERP
Paradex EWY-USD-PERP
Bitget EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Binance EWYUSDT
MEXC EWY_USDT
Extended EWY_24_5-USD
edgeX EWYUSDC