Funding you earn now, next payment 23:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.026%
Price spread now: Gate against Coinbase International+0.005%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.005%, 7d avg +0.084%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.078% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.084%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International EWY-PERP-INTX | 189.58 | 0.0144 | pay 0.0018% / 1h | 48m 11s | $527K | $340K | 20x |
| Short | Gate EWY_USDT | 189.59 | 0 | get 0.0000% / 8h | 48m 11s | $3.2M | $2.7M | 50x |
Coinbase International EWY-PERP-INTX
Gate EWY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$30.24
- Price spread: +0.005% → +0.084%
- −$7.84
- Slippage, 4 orders
- −$14.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$78
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 30 min ago; Gate: live order book, 5 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, 30 min ago | 2.38 bp | 8.0 bp −$8 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.37 bp | 12.1 bp −$12 | 26.9 bp −$269 | 46.4 bp −$4,639 | 81.6 bp −$40.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDTshort | 0.0000% | 8h | 189.59 | +0.005% | $3.2M | $2.7M | 50x | |
| SunX EWY-USDT | 0.0000% | 8h | 189.32 | −0.137% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.63 | +0.026% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.50 | −0.042% | $377K | $62K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.71 | +0.069% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.65 | +0.037% | $195K | $138K | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.51 | −0.037% | $51K | $59K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.47 | −0.058% | $4K | $74 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.60 | +0.011% | $780 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.55 | −0.016% | $230K | $193K | 10x | as long as short |
SunX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.PShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.50 | −0.042% | $966K | $708K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.48 | −0.053% | $13K | $262K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.64 | +0.032% | $2K | $1K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0128% | 1h | 189.58 | 0.000% | $6.3M | $14.5M | 20x | as long as short |
| Bybit EWYUSDT | +0.0130% | 8h | 189.72 | +0.074% | $5.3M | $4.2M | 100x | as long as short |
| Paradex EWY-USD-PERP | +0.0131% | 8h | 189.71 | +0.069% | $23 | — | 5x | as long as short |
| Coinbase International EWY-PERP-INTXlong | +0.0144% | 1h | 189.58 | long leg | $527K | $340K | 20x | |
| Hotstuff EWY-PERP | +0.0184% | 1h | 189.50 | −0.042% | $28K | $12K | 20x | as long as short |
| Bitget EWYUSDT | +0.0194% | 8h | 189.68 | +0.053% | $2.6M | $1.5M | 20x | as long as short |
| HTX EWY-USDT | +0.0203% | 8h | 189.71 | +0.069% | $36K | $8K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0279% | 8h | 189.71 | +0.069% | $4.0M | $4.1M | 50x | as long as short |
| Aster EWYUSDT | +0.0508% | 8h | 189.52 | −0.031% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0585% | 8h | 189.73 | +0.080% | $1.5M | $983K | — | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0594% | 1h | 189.64 | +0.032% | $2K | $13K | 20x | as long as short |
| MEXC EWY_USDT | +0.0621% | 8h | 189.63 | +0.026% | $7.5M | $4.5M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0624% | 1h | 189.61 | +0.014% | $304K | $392K | 10x | as long as short |
| Binance EWYUSDT | +0.0624% | 8h | 189.64 | +0.032% | $28.5M | $79.9M | 50x | as long as short |
| BloFin EWY-USDT | +0.0625% | 8h | 189.58 | 0.000% | $47K | $214K | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0639% | 8h | 189.74 | +0.084% | $750K | $399K | 10x | as long as short |
| edgeX EWYUSDC | +0.0892% | 4h | 189.72 | +0.074% | $425K | $275K | 20x | as long as short |
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
tradeXYZ xyz:EWY
Bybit EWYUSDT
Paradex EWY-USD-PERP
Hotstuff EWY-PERP
Bitget EWYUSDT
HTX EWY-USDT
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Deribit EWY_USDC-PERPETUAL
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
BloFin EWY-USDT
GRVT EWY_USDT_Perp
edgeX EWYUSDC