Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.003%
Price spread now: Bybit against Popdex+0.037%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 4 days (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.037%, 7d avg +0.011%
=The price spread pays, funding is against you. Bybit is 0.026% dearer against Popdex than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.011%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex EWYUSDT | 187.63 | 0.0048 | pay 0.0006% / 1h | 26m 10s | $196K | $148K | 20x |
| Short | Bybit EWYUSDT | 187.70 | 0 | get 0.0000% / 8h | 2h 26m | $4.9M | $4.6M | 100x |
Popdex EWYUSDT
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Popdex. 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
- −$10.08
- Price spread: +0.037% → +0.011%
- $2.62
- Slippage, 4 orders
- −$12.57
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.43
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 22 min ago; Bybit: 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 Popdex live order book, 22 min ago | 1.06 bp | 7.7 bp −$8 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.53 bp | 8.7 bp −$9 | 11.5 bp −$115 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0136% | 1h | 187.36 | −0.144% | $28K | $12K | 20x | as long as short |
| Bitget EWYUSDT | −0.0052% | 8h | 187.74 | +0.059% | $2.7M | $2.3M | 20x | as long as short |
| BloFin EWY-USDT | −0.0016% | 8h | 187.57 | −0.032% | $48K | $215K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.60 | −0.016% | $291K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.64 | +0.006% | $230K | $491K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.67 | +0.021% | $27.2M | $79.7M | 50x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 187.70 | +0.037% | $4.9M | $4.6M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.60 | −0.016% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.69 | +0.032% | $4.1M | $4.1M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.70 | +0.037% | $6.8M | $4.0M | 100x | as long as short |
Hotstuff EWY-PERP
Bitget EWYUSDT
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance 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 | +0.007% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.89 | +0.140% | $743K | $415K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 187.50 | −0.069% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.60 | −0.016% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.68 | +0.027% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.52 | −0.059% | $380K | $40K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 187.35 | −0.149% | $521K | $276K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 187.35 | −0.149% | — | $220K | 25x | as long as short |
| Popdex EWYUSDTlong | +0.0048% | 1h | 187.63 | long leg | $196K | $148K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.57 | −0.032% | $6.3M | $14.4M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 187.48 | −0.080% | $87K | $93K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.48 | −0.080% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.53 | −0.053% | $730 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 187.81 | +0.096% | $214K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0053% | 8h | 187.65 | +0.009% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.53 | −0.053% | $966K | $604K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.68 | +0.027% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.61 | −0.011% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0123% | 1h | 187.65 | +0.011% | $2K | $14K | 20x | as long as short |
| edgeX EWYUSDC | +0.0248% | 4h | 187.88 | +0.132% | $421K | $283K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Coinbase International EWY-PERP-INTX
Vest EWY-USD-PERP
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
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC