Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against tradeXYZ−0.032%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.032%, 7d avg +0.011%
=Together, before fees−0.082%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.043% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EWY | 189.32 | 0.0050 | pay 0.0006% / 1h | 36m 44s | $6.1M | $14.4M | 20x |
| Short | Lighter EWY | 189.26 | 0.0032 | get 0.0004% / 1h | 36m 44s | $383K | $39K | 20x |
tradeXYZ xyz:EWY
Lighter EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$3.78
- Price spread: −0.032% → +0.011%
- −$4.27
- Slippage, 4 orders
- −$14.57
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.62
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Lighter: 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, 2 min ago | 0.79 bp | 10.9 bp −$11 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.64 bp | 7.1 bp −$7 | 16.5 bp −$165 | 48.9 bp −$4,891 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EWY-USDT | −0.0006% | 8h | 189.41 | +0.048% | $48K | $213K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 189.43 | +0.058% | $294K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.48 | +0.085% | $5.1M | $4.2M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.43 | +0.058% | $4.1M | $3.4M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.45 | +0.069% | $4.2M | $3.9M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.45 | +0.069% | $2.7M | $2.2M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 189.64 | +0.170% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.41 | +0.049% | $749K | $400K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.31 | −0.005% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.52 | +0.106% | $22K | $35K | 20x | as long as short |
BloFin EWY-USDT
Aster EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
Bitget EWYUSDT
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex EWYUSDT | 0.0000% | 8h | 189.48 | +0.085% | $1.7M | $37K | 10x | as long as short |
| Extended EWY_24_5-USD | +0.0016% | 1h | 189.39 | +0.039% | $300K | $667K | 10x | as long as short |
| Hotstuff EWY-PERP | +0.0016% | 1h | 189.26 | −0.032% | $28K | $12K | 20x | as long as short |
| Binance EWYUSDT | +0.0016% | 8h | 189.45 | +0.068% | $27.7M | $76.8M | 50x | as long as short |
| MEXC EWY_USDT | +0.0017% | 8h | 189.46 | +0.074% | $6.2M | $3.8M | 100x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 189.26 | −0.032% | $383K | $39K | 20x | |
| edgeX EWYUSDC | +0.0039% | 4h | 189.40 | +0.044% | $425K | $283K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.32 | 0.000% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.38 | +0.032% | $197K | $146K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.83 | +0.269% | $530K | $291K | 20x | as long as short |
| tradeXYZ xyz:EWYlong | +0.0050% | 1h | 189.32 | long leg | $6.1M | $14.4M | 20x | |
| Entropy io:EWY | +0.0050% | 1h | 189.37 | +0.026% | $30K | $64K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.19 | −0.069% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.31 | −0.005% | $747 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.23 | −0.048% | $209K | $289K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 189.43 | +0.056% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.35 | +0.016% | $976K | $612K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.31 | −0.005% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.32 | 0.000% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0120% | 1h | 189.35 | +0.016% | $2K | $13K | 20x | as long as short |
Phemex EWYUSDT
Extended EWY_24_5-USD
Hotstuff EWY-PERP
Binance EWYUSDT
MEXC EWY_USDT
edgeX EWYUSDC
Vest EWY-USD-PERP
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
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