Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 188.68 | 0 | get 0.0000% / 8h | 6h 28m | $1.7M | $34K | 10x |
| Short | Entropy io:EWY | 188.68 | 0.0050 | get 0.0006% / 1h | 28m 25s | $46K | $35K | 25x |
Phemex EWYUSDT
Entropy io:EWYPrice 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
- $0
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$28.5
- Spread needed to break even
- 0.300%
Slippage unknown: Phemex: live order book, 1 min ago; Entropy: no order-book sample. 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 Phemex live order book, 1 min ago | 1.33 bp | 52.6 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy no order-book sample | — | — | — | — | — |
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.Variational Omni188.45cheapestApeX Omni188.45+0.002%KuCoin188.47+0.013%edgeX188.49+0.023%Polymarket Perps188.49+0.024%HTX188.51+0.034%tradeXYZ188.54+0.050%SunX188.58+0.071%Bitget188.59+0.077%Coinbase International188.59+0.077%Gate188.60+0.082%Hotstuff188.63+0.098%Lighter188.64+0.103%Bybit188.64+0.103%Ondo Perps188.66+0.114%MEXC188.66+0.114%
Variational Omni
ApeX Omni
KuCoin
Polymarket Perps
HTX
tradeXYZ
SunX
Bitget
Coinbase International
Gate
Hotstuff
Lighter
Bybit
Ondo Perps
MEXCEntropy188.68+0.125%
Vest188.68+0.125%
VestPhemex188.68+0.125%
Binance188.69+0.130%SoDEX188.69+0.130%OKX188.70+0.135%Popdex188.70+0.135%Orderly188.71+0.140%Aster188.74+0.156%BloFin188.74+0.156%Extended188.76+0.167%Deribit188.77+0.172%Paradex188.78+0.176%
Binance
SoDEX
OKX
Popdex
Orderly
Aster
BloFin
Extended
Deribit
ParadexEWY on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni EWY | −0.124% | 0.0000% | 8h | $1.3M | $919K | — | as long as short |
| ApeX Omni EWYUSDT | −0.122% | +0.0100% | 1h | $13K | $261K | 50x | as long as short |
| KuCoin EWYUSDTM | −0.111% | +0.0100% | 8h | $958K | $698K | 20x | as long as short |
| edgeX EWYUSDC | −0.101% | +0.0262% | 4h | $422K | $272K | 20x | as long as short |
| Polymarket Perps EWY-USD | −0.101% | +0.0050% | 1h | $4K | $23 | 20x | as long as short |
| HTX EWY-USDT | −0.090% | 0.0000% | 8h | $36K | $9K | 20x | as long as short |
| tradeXYZ xyz:EWY | −0.074% | +0.0019% | 1h | $6.1M | $13.6M | 20x | as long as short |
| SunX EWY-USDT | −0.053% | 0.0000% | 8h | — | $2.7M | 20x | as long as short |
| Bitget EWYUSDT | −0.048% | 0.0000% | 8h | $2.3M | $1.1M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | −0.048% | 0.0000% | 1h | $524K | $298K | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | −0.042% | 0.0000% | 8h | $3.2M | $2.4M | 50x | as long as short |
| Hotstuff EWY-PERP | −0.026% | +0.0256% | 1h | $28K | $12K | 20x | as long as short |
| Lighter EWY | −0.021% | +0.0032% | 1h | $374K | $100K | 20x | as long as short |
| Bybit EWYUSDT | −0.021% | 0.0000% | 8h | $5.6M | $3.2M | 100x | as long as short |
| Ondo Perps EWY-USD.P | −0.011% | +0.0050% | 1h | $206K | $150K | 10x | as long as short |
| MEXC EWY_USDT | −0.011% | 0.0000% | 8h | $7.8M | $4.3M | 100x | as long as short |
| Entropy io:EWYshort | 0.000% | +0.0050% | 1h | $46K | $35K | 25x | |
| Vest EWY-USD-PERP | 0.000% | +0.0046% | 1h | — | $214K | 25x | as long as short |
| Phemex EWYUSDTlong | 0.000% | 0.0000% | 8h | $1.7M | $34K | 10x | |
| Binance EWYUSDT | +0.005% | 0.0000% | 8h | $28.5M | $69.6M | 50x | as long as short |
| SoDEX EWY-USD | +0.005% | +0.0050% | 1h | $770 | $3K | 10x | as long as short |
| OKX EWY-USDT-SWAP | +0.011% | 0.0000% | 8h | $4.0M | $3.8M | 50x | as long as short |
| Popdex EWYUSDT | +0.011% | +0.0048% | 1h | $192K | $137K | 20x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.016% | +0.0100% | 8h | $1K | $429 | 20x | as long as short |
| Aster EWYUSDT | +0.032% | 0.0000% | 8h | $289K | $3K | 20x | as long as short |
| BloFin EWY-USDT | +0.032% | −0.0016% | 8h | $48K | $198K | 50x | as long as short |
| Extended EWY_24_5-USD | +0.042% | 0.0000% | 1h | $303K | $422K | 10x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.048% | +0.0174% | 1h | $2K | $13K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.052% | +0.0050% | 8h | $23 | — | 5x | as long as short |