Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.039%
Price spread now: Coinbase International against Extended−0.426%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.381%+$38 · spread now −0.426%, 7d avg −0.049%
=Together, before fees+0.404%+ Points / potential airdropExtended: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.377% cheaper against Extended than usual: you would sell low and buy high (spread −0.426% now, against its 7-day average of −0.049%). If the spread goes back, that is −$38 on $10k: about 31 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.024% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended EWY_24_5-USD | 189.21 | 0 | get 0.0000% / 1h | 50m 42s | $299K | $425K | 10x |
| Short | Coinbase International EWY-PERP-INTX | 188.40 | 0.0040 | get 0.0005% / 1h | 50m 42s | $524K | $287K | 20x |
Extended EWY_24_5-USD
Coinbase International EWY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $8.4
- Price spread: −0.426% → −0.049%
- −$37.75
- Slippage, 4 orders
- −$9.42
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$53.77
- Costs to cover
- 0.244%
- Break-even
- 51.8 days
Slippage from Extended: live order book, 62 min ago; Coinbase International: live order book, 62 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 Extended live order book, 62 min ago | 0.03 bp | 2.8 bp −$3 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 62 min ago | 4.21 bp | 9.4 bp −$9 | 12.1 bp −$121 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EWY-USDT | −0.0022% | 8h | 189.25 | +0.023% | $48K | $216K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 189.28 | +0.039% | $293K | $12K | 20x | as long as short |
| Extended EWY_24_5-USDlong | 0.0000% | 1h | 189.21 | long leg | $299K | $425K | 10x | |
| Binance EWYUSDT | 0.0000% | 8h | 189.24 | +0.016% | $27.6M | $78.2M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.26 | +0.029% | $5.1M | $4.4M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.16 | −0.024% | $4.2M | $4.1M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.26 | +0.029% | $4.1M | $4.0M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 189.21 | +0.002% | $6.2M | $3.7M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.23 | +0.013% | $2.7M | $2.2M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 189.24 | +0.019% | $1.2M | $1.1M | — | as long as short |
BloFin EWY-USDT
Aster EWYUSDT
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.12 | −0.048% | $747K | $410K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.20 | −0.003% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.22 | +0.007% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.21 | +0.002% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.13 | −0.040% | $383K | $40K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXshort | +0.0040% | 1h | 188.40 | −0.426% | $524K | $287K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.27 | +0.034% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.30 | +0.050% | $198K | $148K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.13 | −0.040% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.06 | −0.077% | $65K | $81K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.12 | −0.045% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.20 | −0.003% | $733 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.17 | −0.019% | $204K | $307K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0052% | 8h | 189.34 | +0.072% | $23 | — | 5x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0067% | 1h | 189.27 | +0.034% | $2K | $14K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.04 | −0.088% | $974K | $611K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.05 | −0.082% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.25 | +0.023% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0144% | 1h | 189.02 | −0.098% | $28K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0654% | 4h | 189.12 | −0.045% | $424K | $284K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-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
Hotstuff EWY-PERP
edgeX EWYUSDC