Funding you earn now, next payment 00:00 UTC+0.0668%/8h= +73.1% APRnext payment +$6.68 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Phemex−0.042%59s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.042%, 7d avg 0.000%
=Funding pays, the price is against you. BloFin is 0.042% cheaper against Phemex than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of 0.000%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.210% in total) that is about 34 hours. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.68 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 | Phemex EWYUSDT | 189.57 | 0 | get 0.0000% / 8h | 12m 17s | $1.7M | $37K | 10x |
| Short | BloFin EWY-USDT | 189.49 | 0.0668 | get 0.0668% / 8h | 12m 17s | $47K | $213K | 50x |
Phemex EWYUSDT
BloFin EWY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $140.22
- Price spread: −0.042% → 0.000%
- −$4.22
- Slippage, 4 orders
- −$89.03
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $22.97
- Costs to cover
- 1.130%
- Break-even
- 5.9 days
Slippage from Phemex: live order book, 1 min ago; BloFin: live order book, 58 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 Phemex live order book, 1 min ago | 2.11 bp | 54.9 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 58 min ago | 0.26 bp | 6.6 bp −$7 | 8.8 bp −$88 | 16.7 bp −$1,670 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | 0.0000% | 8h | 189.61 | +0.021% | $3.8M | $3.2M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.37 | −0.106% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 189.57 | long leg | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 189.41 | −0.084% | $377K | $62K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.60 | +0.016% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.59 | +0.011% | $195K | $138K | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.55 | −0.011% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.40 | −0.090% | $4K | $81 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.50 | −0.037% | $770 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.40 | −0.090% | $243K | $201K | 10x | as long as short |
Gate EWY_USDT
SunX EWY-USDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.PShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.56 | −0.005% | $967K | $688K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.79 | +0.116% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.57 | 0.000% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0135% | 8h | 189.68 | +0.058% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0144% | 1h | 189.41 | −0.084% | $527K | $339K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0146% | 1h | 189.51 | −0.032% | $6.6M | $14.8M | 20x | as long as short |
| Bybit EWYUSDT | +0.0174% | 8h | 189.65 | +0.042% | $5.3M | $4.1M | 100x | as long as short |
| HTX EWY-USDT | +0.0225% | 8h | 189.63 | +0.032% | $36K | $8K | 20x | as long as short |
| Bitget EWYUSDT | +0.0225% | 8h | 189.63 | +0.032% | $2.6M | $1.5M | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0329% | 8h | 189.66 | +0.047% | $4.0M | $4.0M | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0344% | 1h | 189.44 | −0.069% | $28K | $12K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0542% | 1h | 189.57 | 0.000% | $2K | $13K | 20x | as long as short |
| Aster EWYUSDT | +0.0567% | 8h | 189.49 | −0.043% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0661% | 8h | 189.82 | +0.131% | $1.5M | $972K | — | as long as short |
| GRVT EWY_USDT_Perp | +0.0661% | 8h | 189.90 | +0.176% | $751K | $395K | 10x | as long as short |
| BloFin EWY-USDTshort | +0.0668% | 8h | 189.49 | −0.042% | $47K | $213K | 50x | |
| MEXC EWY_USDT | +0.0695% | 8h | 189.55 | −0.011% | $7.5M | $4.5M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0696% | 1h | 189.53 | −0.019% | $298K | $396K | 10x | as long as short |
| Binance EWYUSDT | +0.0697% | 8h | 189.55 | −0.011% | $28.5M | $78.7M | 50x | as long as short |
| edgeX EWYUSDC | +0.0775% | 4h | 189.81 | +0.124% | $425K | $276K | 20x | as long as short |
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Bybit EWYUSDT
HTX EWY-USDT
Bitget EWYUSDT
OKX EWY-USDT-SWAP
Hotstuff EWY-PERP
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
GRVT EWY_USDT_Perp
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
edgeX EWYUSDC