EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0320%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.043%

Price spread now: Lighter against Extended−0.079%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.079%, 7d avg −0.040%

Together, before fees−0.018%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.039% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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	Extended EWY_24_5-USD	190.40	0.0352	pay 0.0044% / 1h	51m 14s	$302K	$665K	10x
Short	Lighter EWY	190.25	0.0032	get 0.0004% / 1h	51m 14s	$386K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$67.2
Price spread: −0.079% → −0.040%: −$3.9
Slippage, 4 orders: −$12.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$88.16
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Extended: live order book, 12 min ago; Lighter: live order book, 3 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 Extended live order book, 12 min ago	0.03 bp	2.8 bp −$3	7.2 bp −$72	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.84 bp	7.4 bp −$7	19.5 bp −$195	50.6 bp −$5,062	doesn't fit

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	190.45	+0.026%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.43	+0.016%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.28	−0.061%	$752K	$389K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.38	−0.011%	—	$2.5M	20x	as long as short
Coinbase International EWY-PERP-INTX	0.0000%	1h	189.56	−0.441%	$529K	$320K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.26	−0.074%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.43	+0.016%	$1.7M	$38K	10x	as long as short
Hotstuff EWY-PERP	+0.0016%	1h	190.25	−0.079%	$29K	$12K	20x	as long as short
Lighter EWYshort	+0.0032%	1h	190.25	−0.079%	$386K	$39K	20x
Vest EWY-USD-PERP	+0.0046%	1h	190.53	+0.068%	—	$220K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.41	+0.005%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.34	−0.032%	$6.1M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.24	−0.084%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.24	−0.084%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.39	−0.005%	$741	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.31	−0.047%	$198K	$275K	10x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	190.38	−0.009%	$23	—	5x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0065%	1h	190.35	−0.026%	$2K	$13K	20x	as long as short
Bitget EWYUSDT	+0.0085%	8h	190.46	+0.031%	$2.7M	$2.0M	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.31	−0.047%	$980K	$627K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.29	−0.058%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.41	+0.005%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0140%	8h	190.50	+0.052%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0273%	8h	190.42	+0.012%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0343%	8h	190.30	−0.051%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0352%	8h	190.44	+0.023%	$28.4M	$77.0M	50x	as long as short
Extended EWY_24_5-USDlong	+0.0352%	1h	190.40	long leg	$302K	$665K	10x
MEXC EWY_USDT	+0.0355%	8h	190.43	+0.016%	$6.4M	$4.2M	100x	as long as short
edgeX EWYUSDC	+0.0950%	4h	190.24	−0.083%	$426K	$283K	20x	as long as short