Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex−0.100%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$389as in the Funding arb table
Net, price: spread back to 7d avg − costs−$415as in the Price arb table
costs, in and out, $10k−$4104.103% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.100%, 7d avg −0.056%
=Funding pays, the price is against you. KuCoin is 0.043% cheaper against Phemex than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.056%). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 190.67 | 0 | get 0.0000% / 8h | 4h 34m | $1.7M | $37K | 10x |
| Short | KuCoin EWYUSDTM | 190.48 | 0.0100 | get 0.0100% / 8h | 4h 34m | $982K | $622K | 20x |
Phemex EWYUSDT
KuCoin EWYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.100% → −0.056%
- −$4.32
- Slippage, 4 orders
- −$386.32
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$393.64
- Costs to cover
- 4.103%
- Break-even
- 138.2 days
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 15 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, 4 min ago | 2.36 bp | 47.6 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 15 min ago | 3.94 bp | 186.0 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDT | 0.0000% | 8h | 190.71 | +0.021% | $5.2M | $4.2M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.63 | −0.021% | $4.2M | $3.8M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.60 | −0.038% | $753K | $394K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.50 | −0.089% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.72 | +0.026% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 190.67 | long leg | $1.7M | $37K | 10x | |
| Lighter EWY | +0.0032% | 1h | 190.50 | −0.089% | $386K | $39K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 190.57 | −0.052% | $531K | $304K | 20x | as long as short |
| Bitget EWYUSDT | +0.0044% | 8h | 190.60 | −0.037% | $2.7M | $2.0M | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.78 | +0.058% | — | $220K | 25x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Lighter EWY
Coinbase International EWY-PERP-INTX
Bitget EWYUSDT
Vest EWY-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 190.61 | −0.031% | $198K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.51 | −0.084% | $6.2M | $13.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.46 | −0.110% | $46K | $59K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.42 | −0.131% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.64 | −0.016% | $750 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.58 | −0.047% | $201K | $268K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 190.63 | −0.021% | $23 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.0056% | 8h | 190.63 | −0.021% | $4.1M | $3.3M | 50x | as long as short |
| Aster EWYUSDT | +0.0074% | 8h | 190.56 | −0.055% | $295K | $12K | 20x | as long as short |
| KuCoin EWYUSDTMshort | +0.0100% | 8h | 190.48 | −0.100% | $982K | $622K | 20x | |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.47 | −0.105% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.61 | −0.031% | $2K | $1K | 20x | as long as short |
| Variational Omni EWY | +0.0111% | 8h | 190.60 | −0.036% | $1.2M | $1.1M | — | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0117% | 1h | 190.59 | −0.042% | $2K | $13K | 20x | as long as short |
| Binance EWYUSDT | +0.0149% | 8h | 190.63 | −0.021% | $28.5M | $76.5M | 50x | as long as short |
| MEXC EWY_USDT | +0.0151% | 8h | 190.60 | −0.037% | $6.5M | $3.9M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0152% | 1h | 190.58 | −0.047% | $301K | $669K | 10x | as long as short |
| BloFin EWY-USDT | +0.0165% | 8h | 190.62 | −0.026% | $48K | $214K | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0208% | 1h | 190.54 | −0.068% | $29K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0924% | 4h | 190.55 | −0.061% | $427K | $284K | 20x | as long as short |
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Variational Omni EWY
Deribit EWY_USDC-PERPETUAL
Binance EWYUSDT
MEXC EWY_USDT
Extended EWY_24_5-USD
BloFin EWY-USDT
Hotstuff EWY-PERP
edgeX EWYUSDC