EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0458%/8h= −50.2% APRnext payment −$0.57 per $10,000 · paid last 24h −0.015%

Price spread now: tradeXYZ against Extended+0.008%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.008%, 7d avg −0.054%

Together, before fees−0.011%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.062% dearer against Extended than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.054%): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.003% in total) that is about 6 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EWY_24_5-USD	189.70	0.0648	pay 0.0081% / 1h	35m 38s	$304K	$392K	10x
Short	tradeXYZ xyz:EWY	189.72	0.0190	get 0.0024% / 1h	35m 38s	$6.4M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee tradeXYZbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$96.27
Price spread: +0.008% → −0.054%: $6.2
Slippage, 4 orders: −$3.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$116.17
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Extended: live order book, 42 min ago; tradeXYZ: 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 Extended live order book, 42 min ago	0.03 bp	2.9 bp −$3	6.0 bp −$60	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.53 bp	9.9 bp −$10	11.9 bp −$119	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
Gate EWY_USDT	0.0000%	8h	189.70	−0.002%	$3.2M	$2.7M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.43	−0.145%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.75	+0.024%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.65	−0.029%	$377K	$62K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.75	+0.024%	—	$217K	25x	as long as short
Entropy io:EWY	+0.0050%	1h	189.52	−0.097%	$51K	$59K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.58	−0.065%	$4K	$74	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.73	+0.014%	$778	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.53	−0.092%	$232K	$198K	10x	as long as short
Popdex EWYUSDT	+0.0072%	1h	189.73	+0.014%	$195K	$138K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EWYUSDTM	+0.0100%	8h	189.60	−0.055%	$965K	$703K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.60	−0.055%	$13K	$262K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.73	+0.014%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.58	−0.065%	$527K	$338K	20x	as long as short
Paradex EWY-USD-PERP	+0.0153%	8h	189.85	+0.075%	$23	—	5x	as long as short
Bybit EWYUSDT	+0.0155%	8h	189.80	+0.051%	$5.3M	$4.2M	100x	as long as short
tradeXYZ xyz:EWYshort	+0.0190%	1h	189.72	+0.008%	$6.4M	$14.7M	20x
Bitget EWYUSDT	+0.0211%	8h	189.75	+0.024%	$2.6M	$1.6M	20x	as long as short
HTX EWY-USDT	+0.0213%	8h	189.67	−0.018%	$36K	$8K	20x	as long as short
Hotstuff EWY-PERP	+0.0256%	1h	189.71	+0.003%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0303%	8h	189.80	+0.051%	$4.0M	$4.1M	50x	as long as short
Aster EWYUSDT	+0.0533%	8h	189.63	−0.040%	$294K	$12K	20x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0541%	1h	189.77	+0.035%	$2K	$13K	20x	as long as short
edgeX EWYUSDC	+0.0550%	4h	189.63	−0.039%	$425K	$275K	20x	as long as short
Variational Omni EWY	+0.0618%	8h	189.71	+0.005%	$1.5M	$983K	—	as long as short
BloFin EWY-USDT	+0.0645%	8h	189.65	−0.029%	$47K	$214K	50x	as long as short
GRVT EWY_USDT_Perp	+0.0647%	8h	189.60	−0.056%	$750K	$399K	10x	as long as short
Extended EWY_24_5-USDlong	+0.0648%	1h	189.70	long leg	$304K	$392K	10x
MEXC EWY_USDT	+0.0650%	8h	189.71	+0.003%	$7.5M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0653%	8h	189.74	+0.019%	$28.6M	$79.9M	50x	as long as short