Funding you earn now, next payment 11:00 UTC+0.0198%/8h= +21.6% APRpaid last 24h +0.055%
Price spread now: Binance against tradeXYZ+0.075%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now +0.075%, 7d avg +0.086%
=Together, before fees+0.016%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EWY | 188.47 | 0.0050 | pay 0.0006% / 1h | 42m 50s | $5.9M | $15.5M | 20x |
| Short | Binance EWYUSDT | 188.61 | 0.0248 | get 0.0248% / 8h | 5h 42m | $26.2M | $86.6M | 50x |
tradeXYZ xyz:EWY
Binance EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- $41.48
- Price spread: +0.075% → +0.086%
- −$1.15
- Slippage, 4 orders
- −$4.03
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $8.29
- Costs to cover
- 0.320%
- Break-even
- 5.6 days
Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 8 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 tradeXYZ live order book, 9 min ago | 0.53 bp | 10.9 bp −$11 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.26 bp | 5.7 bp −$6 | 8.2 bp −$82 | 24.2 bp −$2,423 | doesn't fit |
EWY on 30 exchanges
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 | −8.0000% | 1h | 188.03 | −0.233% | $28K | $16K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 188.63 | +0.085% | $5.0M | $5.0M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 188.62 | +0.080% | $4.0M | $4.9M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 188.63 | +0.085% | $3.1M | $3.1M | 20x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.27 | −0.106% | — | $1.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 188.61 | +0.074% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 188.45 | −0.011% | $382K | $44K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.60 | +0.069% | — | $224K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.58 | +0.058% | $201K | $167K | 20x | as long as short |
| tradeXYZ xyz:EWYlong | +0.0050% | 1h | 188.47 | long leg | $5.9M | $15.5M | 20x |
Hotstuff EWY-PERP
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Bitget EWYUSDT
SunX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:EWY | +0.0050% | 1h | 188.60 | +0.069% | $143K | $118K | 25x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.55 | +0.042% | $778 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.43 | −0.021% | $226K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0055% | 8h | 188.68 | +0.114% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0088% | 1h | 188.46 | −0.005% | $523K | $253K | 20x | as long as short |
| Gate EWY_USDT | +0.0091% | 8h | 188.63 | +0.085% | $4.0M | $4.8M | 50x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.39 | −0.042% | $968K | $707K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.62 | +0.080% | $13K | $266K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.59 | +0.064% | $2K | $1K | 20x | as long as short |
| Polymarket Perps EWY-USD | +0.0115% | 1h | 188.72 | +0.133% | $4K | $7K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0121% | 1h | 188.57 | +0.053% | $3K | $12K | 20x | as long as short |
| Aster EWYUSDT | +0.0153% | 8h | 188.48 | +0.007% | $292K | $14K | 20x | as long as short |
| Variational Omni EWY | +0.0205% | 8h | 188.62 | +0.078% | $1.1M | $941K | — | as long as short |
| BloFin EWY-USDT | +0.0230% | 8h | 188.60 | +0.069% | $48K | $237K | 50x | as long as short |
| MEXC EWY_USDT | +0.0244% | 8h | 188.59 | +0.064% | $7.4M | $4.3M | 100x | as long as short |
| Binance EWYUSDTshort | +0.0248% | 8h | 188.61 | +0.075% | $26.2M | $86.6M | 50x | |
| Extended EWY_24_5-USD | +0.0248% | 1h | 188.52 | +0.025% | $247K | $935K | 10x | as long as short |
| edgeX EWYUSDC | +0.0391% | 4h | 188.54 | +0.040% | $423K | $291K | 20x | as long as short |
| HTX EWY-USDT | +0.0424% | 8h | 188.94 | +0.249% | $22K | $36K | 20x | as long as short |
| GRVT EWY_USDT_Perp | +0.0912% | 8h | 188.84 | +0.198% | $740K | $408K | 10x | as long as short |
Entropy io:EWY
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Coinbase International EWY-PERP-INTX
Gate EWY_USDT
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Polymarket Perps EWY-USD
Deribit EWY_USDC-PERPETUAL
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
MEXC EWY_USDT
Extended EWY_24_5-USD
edgeX EWYUSDC
HTX EWY-USDT
GRVT EWY_USDT_Perp