Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.005%
Price spread now: Coinbase International against Bybit−0.048%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.048%, 7d avg −0.087%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.039% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit EWYUSDT | 187.40 | 0 | get 0.0000% / 8h | 1h 04m | $4.9M | $4.9M | 100x |
| Short | Coinbase International EWY-PERP-INTX | 187.31 | 0.0048 | get 0.0006% / 1h | 4m 25s | $520K | $259K | 20x |
Bybit EWYUSDT
Coinbase International EWY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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: −0.048% → −0.087%
- $3.94
- Slippage, 4 orders
- −$17.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$24.39
- Costs to cover
- 0.384%
- Break-even
- 23.9 days
Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 39 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 Bybit live order book, 3 min ago | 0.27 bp | 9.1 bp −$9 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 39 min ago | 3.99 bp | 10.9 bp −$11 | 15.4 bp −$154 | 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 | −0.0325% | 8h | 187.45 | +0.027% | $2.7M | $2.3M | 20x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.37 | −0.015% | $291K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.35 | −0.027% | $239K | $496K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.35 | −0.024% | $27.1M | $81.5M | 50x | as long as short |
| Bybit EWYUSDTlong | 0.0000% | 8h | 187.40 | long leg | $4.9M | $4.9M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.29 | −0.059% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.40 | 0.000% | $4.0M | $4.4M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.38 | −0.011% | $8.5M | $4.5M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 187.46 | +0.033% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.44 | +0.023% | $741K | $419K | 10x | as long as short |
Bitget EWYUSDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Variational Omni EWY
GRVT EWY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWY-USDT | 0.0000% | 8h | 187.43 | +0.016% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.52 | +0.064% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.48 | +0.043% | $1.7M | $37K | 10x | as long as short |
| BloFin EWY-USDT | +0.0006% | 8h | 187.45 | +0.027% | $48K | $217K | 50x | as long as short |
| Vest EWY-USD-PERP | +0.0030% | 1h | 187.11 | −0.155% | — | $220K | 25x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.29 | −0.059% | $380K | $40K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0040% | 1h | 187.41 | +0.005% | $28K | $12K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.38 | −0.011% | $197K | $152K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXshort | +0.0048% | 1h | 187.31 | −0.048% | $520K | $259K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.24 | −0.085% | $6.3M | $14.2M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 187.35 | −0.027% | $142K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.20 | −0.107% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.41 | +0.005% | $745 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 187.35 | −0.027% | $221K | $326K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0057% | 8h | 187.39 | −0.005% | $22 | — | 5x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0070% | 1h | 187.42 | +0.011% | $2K | $14K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.19 | −0.112% | $963K | $600K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.49 | +0.048% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.44 | +0.021% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0581% | 4h | 187.42 | +0.010% | $420K | $285K | 20x | as long as short |
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
BloFin EWY-USDT
Vest EWY-USD-PERP
Lighter EWY
Hotstuff EWY-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Deribit EWY_USDC-PERPETUAL
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC