EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0556%/8h= −60.9% APRnext payment −$5.56 per $10,000 · paid last 24h +0.020%

Price spread now: KuCoin against GRVT−0.111%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$346as in the Funding arb table

Net, price: spread back to 7d avg − costs−$359as in the Price arb table

costs, in and out, $10k−$3523.522% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.111%, 7d avg −0.042%

Together, before fees+0.118%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.56 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	GRVT EWY_USDT_Perp	189.91	0.0656	pay 0.0656% / 8h	16m 49s	$751K	$395K	10x
Short	KuCoin EWYUSDTM	189.70	0.0100	get 0.0100% / 8h	16m 49s	$966K	$688K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$116.76
Price spread: −0.111% → −0.042%: −$6.81
Slippage, 4 orders: −$331.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$475.77
Costs to cover: 3.522%
Break-even: never at this rate

Slippage from GRVT: live order book, 61 min ago; KuCoin: live order book, 53 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 GRVT live order book, 61 min ago	1.59 bp	6.6 bp −$7	14.9 bp −$149	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	3.44 bp	182.8 bp −$183	doesn't fit	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	189.89	−0.010%	$3.6M	$3.1M	50x	as long as short
SunX EWY-USDT	0.0000%	8h	189.65	−0.137%	—	$2.7M	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.89	−0.010%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.74	−0.089%	$377K	$62K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.95	+0.021%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.92	+0.005%	$195K	$138K	20x	as long as short
Entropy io:EWY	+0.0050%	1h	189.74	−0.089%	$51K	$59K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.74	−0.089%	$4K	$81	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.87	−0.021%	$774	$3K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.73	−0.095%	$243K	$207K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EWYUSDTMshort	+0.0100%	8h	189.70	−0.111%	$966K	$688K	20x
ApeX Omni EWYUSDT	+0.0100%	1h	189.86	−0.026%	$13K	$262K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.88	−0.016%	$2K	$1K	20x	as long as short
Paradex EWY-USD-PERP	+0.0138%	8h	190.04	+0.069%	$23	—	5x	as long as short
Coinbase International EWY-PERP-INTX	+0.0144%	1h	189.88	−0.016%	$527K	$342K	20x	as long as short
tradeXYZ xyz:EWY	+0.0151%	1h	189.82	−0.047%	$6.7M	$14.7M	20x	as long as short
Bybit EWYUSDT	+0.0170%	8h	189.96	+0.026%	$5.3M	$4.2M	100x	as long as short
HTX EWY-USDT	+0.0223%	8h	189.99	+0.042%	$36K	$8K	20x	as long as short
Bitget EWYUSDT	+0.0224%	8h	189.89	−0.010%	$2.6M	$1.5M	20x	as long as short
Hotstuff EWY-PERP	+0.0232%	1h	189.88	−0.016%	$28K	$12K	20x	as long as short
edgeX EWYUSDC	+0.0306%	4h	189.83	−0.044%	$425K	$276K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0325%	8h	189.96	+0.026%	$4.0M	$4.0M	50x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0435%	1h	189.90	−0.005%	$2K	$13K	20x	as long as short
Aster EWYUSDT	+0.0562%	8h	189.75	−0.084%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0645%	8h	189.77	−0.074%	$1.5M	$991K	—	as long as short
GRVT EWY_USDT_Perplong	+0.0656%	8h	189.91	long leg	$751K	$395K	10x
MEXC EWY_USDT	+0.0682%	8h	189.85	−0.032%	$7.5M	$4.5M	100x	as long as short
Binance EWYUSDT	+0.0687%	8h	189.85	−0.032%	$28.6M	$79.7M	50x	as long as short
Extended EWY_24_5-USD	+0.0688%	1h	189.81	−0.050%	$298K	$396K	10x	as long as short
BloFin EWY-USDT	+0.0705%	8h	189.90	−0.005%	$47K	$214K	50x	as long as short