Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against KuCoin+0.042%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$335as in the Funding arb table
Net, price: spread back to 7d avg − costs−$328as in the Price arb table
costs, in and out, $10k−$3263.255% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.042%, 7d avg +0.065%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.023% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin EWYUSDTM | 189.83 | 0.0100 | pay 0.0100% / 8h | 3h 46m | $978K | $611K | 20x |
| Short | Bybit EWYUSDT | 189.91 | 0 | get 0.0000% / 8h | 3h 46m | $5.1M | $4.2M | 100x |
KuCoin EWYUSDTM
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- −$21
- Price spread: +0.042% → +0.065%
- −$2.31
- Slippage, 4 orders
- −$302.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$348.85
- Costs to cover
- 3.255%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 63 min ago; Bybit: 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 KuCoin live order book, 63 min ago | 3.94 bp | 123.3 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.26 bp | 8.2 bp −$8 | 15.9 bp −$159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EWYUSDT | 0.0000% | 8h | 189.93 | +0.053% | $294K | $12K | 20x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 189.91 | +0.042% | $5.1M | $4.2M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.85 | +0.011% | $4.1M | $3.4M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.86 | +0.016% | $4.2M | $3.8M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.86 | +0.016% | $2.7M | $2.0M | 20x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.88 | +0.024% | $750K | $396K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.88 | +0.026% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.08 | +0.132% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.83 | 0.000% | $1.7M | $37K | 10x | as long as short |
| Variational Omni EWY | +0.0006% | 8h | 190.00 | +0.090% | $1.2M | $1.1M | — | as long as short |
Aster EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
Bitget EWYUSDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter EWY | +0.0032% | 1h | 189.79 | −0.021% | $384K | $39K | 20x | as long as short |
| Extended EWY_24_5-USD | +0.0040% | 1h | 189.83 | +0.001% | $301K | $669K | 10x | as long as short |
| Binance EWYUSDT | +0.0043% | 8h | 189.89 | +0.029% | $27.7M | $76.4M | 50x | as long as short |
| MEXC EWY_USDT | +0.0045% | 8h | 189.84 | +0.005% | $6.2M | $3.8M | 100x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.99 | +0.084% | — | $220K | 25x | as long as short |
| Hotstuff EWY-PERP | +0.0048% | 1h | 189.82 | −0.005% | $28K | $12K | 20x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.95 | +0.063% | $198K | $147K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 189.83 | 0.000% | $530K | $293K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.76 | −0.037% | $6.1M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.84 | +0.005% | $30K | $65K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.76 | −0.037% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.88 | +0.026% | $745 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.81 | −0.011% | $198K | $267K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 189.98 | +0.081% | $23 | — | 5x | as long as short |
| BloFin EWY-USDT | +0.0059% | 8h | 189.90 | +0.037% | $47K | $213K | 50x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0066% | 1h | 189.89 | +0.032% | $2K | $13K | 20x | as long as short |
| KuCoin EWYUSDTMlong | +0.0100% | 8h | 189.83 | long leg | $978K | $611K | 20x | |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.87 | +0.021% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.92 | +0.047% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0822% | 4h | 189.90 | +0.038% | $426K | $284K | 20x | as long as short |
Lighter EWY
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT
Vest EWY-USD-PERP
Hotstuff EWY-PERP
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
BloFin EWY-USDT
Deribit EWY_USDC-PERPETUAL
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC