Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate−0.113%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1191.190% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.113%, 7d avg −0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.111% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate EWY_USDT | 186.32 | 0 | get 0.0000% / 8h | 7h 16m | $4.2M | $4.5M | 50x |
| Short | Phemex EWYUSDT | 186.11 | 0 | get 0.0000% / 8h | 7h 16m | $1.6M | $37K | 10x |
Gate EWY_USDT
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: −0.113% → −0.002%
- −$11.06
- Slippage, 4 orders
- −$91.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$130.02
- Costs to cover
- 1.190%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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 Gate live order book, 2 min ago | 2.42 bp | 10.4 bp −$10 | 22.0 bp −$220 | 46.5 bp −$4,649 | 81.8 bp −$40.9K |
| Sell Phemex live order book, 2 min ago | 2.95 bp | 55.7 bp −$56 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0448% | 8h | 186.30 | −0.011% | $3.1M | $2.7M | 20x | as long as short |
| BloFin EWY-USDT | −0.0015% | 8h | 186.17 | −0.081% | $48K | $221K | 50x | as long as short |
| Vest EWY-USD-PERP | −0.0008% | 1h | 185.85 | −0.252% | — | $231K | 25x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 186.17 | −0.083% | $288K | $14K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 186.18 | −0.073% | $239K | $912K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 186.20 | −0.063% | $26.8M | $81.9M | 50x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 186.27 | −0.027% | $4.1M | $4.6M | 50x | as long as short |
| Gate EWY_USDTlong | 0.0000% | 8h | 186.32 | long leg | $4.2M | $4.5M | 50x | |
| MEXC EWY_USDT | 0.0000% | 8h | 186.25 | −0.038% | $7.5M | $4.5M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 185.77 | −0.296% | $1.1M | $1.0M | — | as long as short |
Bitget EWYUSDT
BloFin EWY-USDT
Vest EWY-USD-PERP
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
MEXC EWY_USDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 185.85 | −0.254% | $728K | $415K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 186.17 | −0.081% | — | $2.2M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 185.64 | −0.365% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 186.11 | −0.113% | $1.6M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 186.06 | −0.140% | $377K | $40K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 186.20 | −0.064% | $195K | $154K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 186.13 | −0.102% | $6.0M | $14.7M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 185.86 | −0.247% | $141K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 186.07 | −0.134% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 186.07 | −0.134% | $741 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 185.63 | −0.370% | $234K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0055% | 8h | 186.22 | −0.053% | $22 | — | 5x | as long as short |
| edgeX EWYUSDC | +0.0057% | 4h | 185.81 | −0.274% | $417K | $286K | 20x | as long as short |
| Bybit EWYUSDT | +0.0058% | 8h | 186.30 | −0.011% | $5.0M | $4.9M | 100x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 186.01 | −0.166% | $957K | $636K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 185.70 | −0.333% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 186.14 | −0.097% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0112% | 1h | 185.38 | −0.505% | $515K | $249K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0180% | 1h | 186.10 | −0.118% | $3K | $15K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0216% | 1h | 185.99 | −0.177% | $28K | $16K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
edgeX EWYUSDC
Bybit EWYUSDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
Deribit EWY_USDC-PERPETUAL
Hotstuff EWY-PERP