Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Phemex against SoDEX+0.043%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.043% dearer against SoDEX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX EWY-USD | 186.88 | 0.0050 | pay 0.0006% / 1h | 32m 59s | $748 | $4K | 10x |
| Short | Phemex EWYUSDT | 186.96 | 0 | get 0.0000% / 8h | 32m 59s | $1.7M | $37K | 10x |
SoDEX EWY-USD
Phemex EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SoDEX. 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
- −$10.5
- Price spread: +0.043% → 0.000%
- $4.28
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$26.22
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 0.80 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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 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 | −0.0438% | 8h | 186.99 | +0.059% | $2.9M | $2.5M | 20x | as long as short |
| Vest EWY-USD-PERP | −0.0001% | 1h | 186.58 | −0.161% | — | $220K | 25x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 186.99 | +0.058% | $290K | $13K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 186.88 | +0.002% | $238K | $912K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 186.93 | +0.026% | $27.2M | $82.9M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 186.96 | +0.043% | $4.9M | $4.9M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 186.85 | −0.016% | $4.1M | $4.7M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 186.99 | +0.059% | $4.0M | $4.3M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 186.92 | +0.021% | $8.5M | $4.4M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 187.02 | +0.074% | $1.2M | $1.1M | — | as long as short |
Bitget EWYUSDT
Vest EWY-USD-PERP
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.00 | +0.062% | $739K | $416K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 186.86 | −0.011% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.09 | +0.112% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTshort | 0.0000% | 8h | 186.96 | +0.043% | $1.7M | $37K | 10x | |
| BloFin EWY-USDT | +0.0005% | 8h | 187.03 | +0.080% | $48K | $217K | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0024% | 1h | 186.86 | −0.011% | $28K | $12K | 20x | as long as short |
| Lighter EWY | +0.0032% | 1h | 186.75 | −0.070% | $379K | $40K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.02 | +0.075% | $197K | $153K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 186.75 | −0.070% | $6.3M | $14.5M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 186.90 | +0.011% | $142K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 186.82 | −0.032% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USDlong | +0.0050% | 1h | 186.88 | long leg | $748 | $4K | 10x | |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 186.87 | −0.005% | $223K | $332K | 10x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0056% | 1h | 186.93 | +0.027% | $519K | $246K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0059% | 8h | 186.99 | +0.057% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 186.85 | −0.016% | $962K | $603K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 186.86 | −0.011% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 186.91 | +0.016% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0232% | 1h | 186.85 | −0.016% | $2K | $14K | 20x | as long as short |
| edgeX EWYUSDC | +0.0524% | 4h | 187.06 | +0.097% | $419K | $285K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
BloFin EWY-USDT
Hotstuff EWY-PERP
Lighter EWY
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps 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