Funding you earn now, next payment 21:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.027%
Price spread now: Bitget against Coinbase International+0.048%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.048%, 7d avg +0.081%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International EWY-PERP-INTX | 188.89 | 0.0128 | pay 0.0016% / 1h | 24m 10s | $524K | $331K | 20x |
| Short | Bitget EWYUSDT | 188.98 | 0.0081 | get 0.0081% / 8h | 2h 24m | $2.5M | $1.4M | 20x |
Coinbase International EWY-PERP-INTX
Bitget EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Coinbase International. 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
- −$9.87
- Price spread: +0.048% → +0.081%
- −$3.38
- Slippage, 4 orders
- −$11.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$47.18
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 64 min ago; Bitget: live order book, 3 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 Coinbase International live order book, 64 min ago | 2.12 bp | 7.3 bp −$7 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.06 bp | 8.8 bp −$9 | 12.7 bp −$127 | 29.6 bp −$2,957 | 74.9 bp −$37.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0288% | 1h | 188.85 | −0.021% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.02 | +0.069% | $5.6M | $3.5M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 188.89 | 0.000% | $3.2M | $2.7M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.62 | −0.143% | — | $2.7M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 188.97 | +0.042% | $36K | $8K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 188.94 | +0.026% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 188.76 | −0.069% | $375K | $95K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.61 | −0.148% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 188.94 | +0.026% | $193K | $140K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.88 | −0.005% | $6.0M | $14.6M | 20x | as long as short |
Hotstuff EWY-PERP
Bybit EWYUSDT
Gate EWY_USDT
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:EWY | +0.0050% | 1h | 188.86 | −0.016% | $49K | $36K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.76 | −0.069% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.92 | +0.016% | $775 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.87 | −0.011% | $221K | $181K | 10x | as long as short |
| Bitget EWYUSDTshort | +0.0081% | 8h | 188.98 | +0.048% | $2.5M | $1.4M | 20x | |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.83 | −0.032% | $957K | $736K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.99 | +0.053% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.89 | 0.000% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0118% | 8h | 189.02 | +0.067% | $23 | — | 5x | as long as short |
| OKX EWY-USDT-SWAP | +0.0128% | 8h | 189.00 | +0.058% | $4.0M | $4.0M | 50x | as long as short |
| Coinbase International EWY-PERP-INTXlong | +0.0128% | 1h | 188.89 | long leg | $524K | $331K | 20x | |
| Aster EWYUSDT | +0.0211% | 8h | 188.72 | −0.089% | $293K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0230% | 8h | 188.94 | +0.026% | $1.4M | $890K | — | as long as short |
| BloFin EWY-USDT | +0.0263% | 8h | 188.95 | +0.032% | $47K | $214K | 50x | as long as short |
| MEXC EWY_USDT | +0.0281% | 8h | 188.93 | +0.021% | $7.5M | $4.6M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0288% | 1h | 188.92 | +0.017% | $304K | $410K | 10x | as long as short |
| Binance EWYUSDT | +0.0289% | 8h | 188.94 | +0.029% | $28.2M | $79.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0407% | 8h | 188.93 | +0.021% | $747K | $420K | 10x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0491% | 1h | 188.95 | +0.032% | $2K | $13K | 20x | as long as short |
| edgeX EWYUSDC | +0.0691% | 4h | 188.94 | +0.029% | $423K | $273K | 20x | as long as short |
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
GRVT EWY_USDT_Perp
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC