Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.527%
Price spread now: Phemex against Hotstuff+0.251%7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phemex is 0.251% dearer against Hotstuff than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff EWY-PERP | 187.36 | −0.0136 | get 0.0017% / 1h | 24m 56s | $28K | $12K | 20x |
| Short | Phemex EWYUSDT | 187.83 | 0 | get 0.0000% / 8h | 2h 24m | $1.7M | $37K | 10x |
Hotstuff EWY-PERP
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hotstuff. 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
- $28.56
- Price spread: +0.251% → 0.000%
- $25.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $36.65
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 3 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 2.67 bp | 43.3 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERPlong | −0.0136% | 1h | 187.36 | long leg | $28K | $12K | 20x | |
| Bitget EWYUSDT | −0.0067% | 8h | 187.91 | +0.294% | $2.7M | $2.3M | 20x | as long as short |
| BloFin EWY-USDT | −0.0025% | 8h | 187.78 | +0.224% | $48K | $215K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.70 | +0.180% | $291K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.70 | +0.181% | $230K | $491K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.76 | +0.213% | $27.2M | $79.7M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 187.81 | +0.240% | $4.9M | $4.6M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.73 | +0.197% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.81 | +0.240% | $4.1M | $4.1M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.77 | +0.219% | $6.8M | $4.0M | 100x | as long as short |
Bitget EWYUSDT
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | 0.0000% | 8h | 187.64 | +0.152% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.89 | +0.284% | $743K | $415K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 187.57 | +0.112% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.60 | +0.128% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 187.83 | +0.251% | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 187.56 | +0.107% | $380K | $40K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 187.35 | −0.005% | $521K | $276K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 187.54 | +0.096% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.86 | +0.267% | $197K | $148K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.72 | +0.192% | $6.3M | $14.5M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 187.53 | +0.091% | $87K | $93K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.68 | +0.171% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.68 | +0.171% | $732 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 187.81 | +0.240% | $214K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0053% | 8h | 187.74 | +0.205% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.57 | +0.112% | $966K | $603K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.57 | +0.112% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.68 | +0.171% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0448% | 4h | 187.35 | −0.004% | $420K | $284K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0496% | 1h | 187.72 | +0.192% | $2K | $14K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Coinbase International EWY-PERP-INTX
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC
Deribit EWY_USDC-PERPETUAL