Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.058%
Price spread now: MEXC against Coinbase International−0.037%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.037%, 7d avg +0.075%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.113% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.075%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International EWY-PERP-INTX | 187.31 | 0.0048 | pay 0.0006% / 1h | 1m 58s | $520K | $258K | 20x |
| Short | MEXC EWY_USDT | 187.24 | 0 | get 0.0000% / 8h | 1h 01m | $8.5M | $4.5M | 100x |
Coinbase International EWY-PERP-INTX
MEXC EWY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$10.08
- Price spread: −0.037% → +0.075%
- −$11.25
- Slippage, 4 orders
- −$10.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$42.26
- Costs to cover
- 0.209%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 41 min ago; MEXC: live order book, 1 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, 41 min ago | 3.99 bp | 9.0 bp −$9 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.27 bp | 0.3 bp $0 | 0.3 bp −$3 | 2.7 bp −$274 | 100.4 bp −$50.2K |
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 | −0.0338% | 8h | 187.32 | +0.005% | $2.7M | $2.3M | 20x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.25 | −0.032% | $290K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.19 | −0.065% | $239K | $524K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.24 | −0.037% | $27.1M | $81.6M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 187.28 | −0.016% | $4.9M | $4.9M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.18 | −0.069% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.28 | −0.016% | $4.0M | $4.4M | 50x | as long as short |
| MEXC EWY_USDTshort | 0.0000% | 8h | 187.24 | −0.037% | $8.5M | $4.5M | 100x | |
| Variational Omni EWY | 0.0000% | 8h | 187.46 | +0.081% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.45 | +0.076% | $741K | $418K | 10x | as long as short |
Bitget EWYUSDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate 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 | 187.25 | −0.032% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.27 | −0.021% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.24 | −0.037% | $1.7M | $37K | 10x | as long as short |
| BloFin EWY-USDT | +0.0005% | 8h | 187.25 | −0.032% | $48K | $217K | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0017% | 1h | 187.21 | −0.053% | $2K | $14K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0027% | 1h | 186.96 | −0.187% | — | $220K | 25x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.10 | −0.112% | $379K | $40K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.30 | −0.005% | $196K | $152K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXlong | +0.0048% | 1h | 187.31 | long leg | $520K | $258K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.09 | −0.117% | $6.3M | $14.2M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 187.21 | −0.053% | $142K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.08 | −0.123% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.17 | −0.075% | $742 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 187.30 | −0.005% | $221K | $326K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0057% | 8h | 187.23 | −0.043% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.11 | −0.107% | $962K | $597K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.44 | +0.069% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.26 | −0.027% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0109% | 4h | 187.46 | +0.082% | $420K | $285K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0496% | 1h | 187.10 | −0.112% | $28K | $12K | 20x | as long as short |
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
BloFin EWY-USDT
Deribit EWY_USDC-PERPETUAL
Vest EWY-USD-PERP
Lighter EWY
Popdex EWYUSDT
tradeXYZ xyz:EWY
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
edgeX EWYUSDC
Hotstuff EWY-PERP