Spread before costs (cost unknown: a leg has no order-book sample)+0.134%
7d average—if it closes, per $10,000$13funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:EWY | 187.23 | 0.0050 | pay 0.0006% / 1h | 23m 03s | $44K | $46K | 25x |
| Short | Phemex EWYUSDT | 187.48 | 0 | get 0.0000% / 8h | 1h 23m | $1.7M | $34K | 10x |
Entropy io:EWY
Phemex EWYUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $13.35
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$18.15
- Spread needed to break even
- 0.300%
Slippage unknown: Entropy: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- Average in range /8h
- —
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 Phemex live order book, 2 min ago | 2.94 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | 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 price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps187.16cheapestCoinbase International187.18+0.011%ApeX Omni187.20+0.021%
Ondo Perps
Coinbase International
ApeX OmniEntropy187.23+0.037%
Hotstuff187.28+0.064%Polymarket Perps187.30+0.075%Variational Omni187.35+0.101%Lighter187.37+0.112%HTX187.38+0.118%tradeXYZ187.39+0.123%KuCoin187.40+0.128%Paradex187.40+0.129%OKX187.43+0.144%Popdex187.43+0.144%Gate187.43+0.144%edgeX187.45+0.154%Extended187.45+0.154%SunX187.45+0.155%BloFin187.45+0.155%Vest187.46+0.160%Orderly187.48+0.171%
Hotstuff
Polymarket Perps
Variational Omni
Lighter
HTX
tradeXYZ
KuCoin
Paradex
OKX
Popdex
Gate
Extended
SunX
BloFin
Vest
OrderlyPhemex187.48+0.171%
SoDEX187.49+0.176%Binance187.51+0.187%MEXC187.53+0.198%Bitget187.53+0.198%Bybit187.54+0.203%Deribit187.56+0.214%Aster187.58+0.224%
SoDEX
Binance
MEXC
Bitget
Bybit
Deribit
AsterEWY on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps EWY-USD.P | −0.037% | +0.0050% | 1h | $210K | $142K | 10x | as long as short |
| Coinbase International EWY-PERP-INTX | −0.027% | −0.0024% | 1h | $522K | $272K | 20x | as long as short |
| ApeX Omni EWYUSDT | −0.016% | +0.0100% | 1h | $13K | $256K | 50x | as long as short |
| Entropy io:EWYlong | 0.000% | +0.0050% | 1h | $44K | $46K | 25x | |
| Hotstuff EWY-PERP | +0.027% | −0.0096% | 1h | $28K | $10K | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.037% | +0.0050% | 1h | $4K | $23 | 20x | as long as short |
| Variational Omni EWY | +0.064% | 0.0000% | 8h | $1.3M | $1.0M | — | as long as short |
| Lighter EWY | +0.075% | +0.0032% | 1h | $372K | $102K | 20x | as long as short |
| HTX EWY-USDT | +0.080% | 0.0000% | 8h | $36K | $9K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.085% | +0.0040% | 1h | $5.7M | $12.1M | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin EWYUSDTM | +0.091% | +0.0100% | 8h | $952K | $672K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.092% | +0.0050% | 8h | $22 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.107% | 0.0000% | 8h | $3.9M | $3.4M | 50x | as long as short |
| Popdex EWYUSDT | +0.107% | +0.0048% | 1h | $189K | $135K | 20x | as long as short |
| Gate EWY_USDT | +0.107% | 0.0000% | 8h | $3.3M | $2.1M | 50x | as long as short |
| edgeX EWYUSDC | +0.116% | +0.0193% | 4h | $420K | $269K | 20x | as long as short |
| Extended EWY_24_5-USD | +0.117% | 0.0000% | 1h | $300K | $422K | 10x | as long as short |
| SunX EWY-USDT | +0.118% | 0.0000% | 8h | — | $2.5M | 20x | as long as short |
| BloFin EWY-USDT | +0.118% | −0.0025% | 8h | $48K | $165K | 50x | as long as short |
| Vest EWY-USD-PERP | +0.123% | +0.0046% | 1h | — | $123K | 25x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.134% | +0.0100% | 8h | $1K | $2K | 20x | as long as short |
| Phemex EWYUSDTshort | +0.134% | 0.0000% | 8h | $1.7M | $34K | 10x | |
| SoDEX EWY-USD | +0.139% | +0.0050% | 1h | $769 | $3K | 10x | as long as short |
| Binance EWYUSDT | +0.150% | 0.0000% | 8h | $28.0M | $61.3M | 50x | as long as short |
| MEXC EWY_USDT | +0.160% | 0.0000% | 8h | $7.3M | $3.6M | 100x | as long as short |
| Bitget EWYUSDT | +0.160% | 0.0000% | 8h | $2.4M | $1.1M | 20x | as long as short |
| Bybit EWYUSDT | +0.166% | 0.0000% | 8h | $5.6M | $3.0M | 100x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.176% | +0.0070% | 1h | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.186% | 0.0000% | 8h | $289K | $3K | 20x | as long as short |