Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Entropy against Popdex−0.096%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$650.655% of the position
Funding, last 4 days (all we have)+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.096%, 7d avg −0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.048% cheaper against Popdex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex EWYUSDT | 187.29 | 0.0048 | pay 0.0006% / 1h | 46m 25s | $198K | $153K | 20x |
| Short | Entropy io:EWY | 187.11 | 0.0050 | get 0.0006% / 1h | 46m 25s | $142K | $119K | 25x |
Popdex EWYUSDT
Entropy io:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $0.42
- Price spread: −0.096% → −0.048%
- −$4.81
- Slippage, 4 orders
- −$41.06
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$69.85
- Costs to cover
- 0.655%
- Break-even
- 1171.1 days
Slippage from Popdex: live order book, 57 min ago; Entropy: live order book, 20 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, 57 min ago | 0.80 bp | 5.0 bp −$5 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 20 min ago | 9.07 bp | 30.7 bp −$31 | 128.4 bp −$1,284 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0410% | 8h | 187.35 | +0.032% | $2.8M | $2.4M | 20x | as long as short |
| Hotstuff EWY-PERP | −0.0264% | 1h | 187.16 | −0.069% | $28K | $12K | 20x | as long as short |
| BloFin EWY-USDT | −0.0017% | 8h | 187.37 | +0.043% | $48K | $217K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.25 | −0.021% | $290K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.28 | −0.006% | $238K | $862K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.28 | −0.005% | $27.3M | $82.4M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 187.37 | +0.043% | $4.9M | $4.9M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.19 | −0.053% | $4.1M | $4.7M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.36 | +0.037% | $4.0M | $4.3M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.26 | −0.016% | $8.5M | $4.4M | 100x | as long as short |
Bitget EWYUSDT
Hotstuff EWY-PERP
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 | 187.06 | −0.124% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.12 | −0.091% | $739K | $417K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 187.16 | −0.069% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.36 | +0.037% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.38 | +0.048% | $1.7M | $37K | 10x | as long as short |
| Vest EWY-USD-PERP | +0.0008% | 1h | 186.87 | −0.224% | — | $220K | 25x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.13 | −0.085% | $379K | $40K | 20x | as long as short |
| Popdex EWYUSDTlong | +0.0048% | 1h | 187.29 | long leg | $198K | $153K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.08 | −0.112% | $6.3M | $14.3M | 20x | as long as short |
| Entropy io:EWYshort | +0.0050% | 1h | 187.11 | −0.096% | $142K | $119K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.06 | −0.123% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.32 | +0.016% | $749 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 186.91 | −0.203% | $223K | $332K | 10x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0056% | 1h | 187.24 | −0.027% | $520K | $251K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0059% | 8h | 187.31 | +0.011% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.04 | −0.133% | $963K | $600K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.17 | −0.064% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.29 | 0.000% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0391% | 1h | 187.25 | −0.021% | $2K | $14K | 20x | as long as short |
| edgeX EWYUSDC | +0.0663% | 4h | 187.10 | −0.103% | $419K | $285K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERP
Lighter EWY
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Coinbase International EWY-PERP-INTX
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC