Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.004%
Price spread now: Coinbase International against Lighter+0.043%7-day average −0.008% · 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−$29as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.043%, 7d avg −0.008%
=Together, before fees+0.030%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.052% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 185.01 | 0.0032 | pay 0.0004% / 1h | 29m 55s | $375K | $40K | 20x |
| Short | Coinbase International EWY-PERP-INTX | 185.09 | 0.0112 | get 0.0014% / 1h | 29m 55s | $513K | $249K | 20x |
Lighter EWY
Coinbase International EWY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- $16.8
- Price spread: +0.043% → −0.008%
- $5.16
- Slippage, 4 orders
- −$24.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$12.12
- Costs to cover
- 0.341%
- Break-even
- 12.0 days
Slippage from Lighter: live order book, 59 min ago; Coinbase International: 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 Lighter live order book, 59 min ago | 2.41 bp | 4.9 bp −$5 | 15.6 bp −$156 | 47.6 bp −$4,764 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.59 bp | 9.6 bp −$10 | 15.6 bp −$156 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0506% | 8h | 185.20 | +0.103% | $3.1M | $2.7M | 20x | as long as short |
| BloFin EWY-USDT | −0.0029% | 8h | 185.34 | +0.178% | $48K | $219K | 50x | as long as short |
| Vest EWY-USD-PERP | −0.0017% | 1h | 184.84 | −0.092% | — | $235K | 25x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 185.41 | +0.216% | $287K | $14K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 185.12 | +0.061% | $239K | $916K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 185.17 | +0.086% | $26.8M | $82.9M | 50x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 185.14 | +0.070% | $4.0M | $4.6M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 185.19 | +0.097% | $4.0M | $4.4M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 185.13 | +0.065% | $7.6M | $4.4M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 185.32 | +0.170% | $1.1M | $1.1M | — | as long as short |
Bitget EWYUSDT
BloFin EWY-USDT
Vest EWY-USD-PERP
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
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 | 185.65 | +0.348% | $727K | $420K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 185.35 | +0.184% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 185.28 | +0.146% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 185.19 | +0.097% | $1.6M | $36K | 10x | as long as short |
| Bybit EWYUSDT | +0.0019% | 8h | 185.17 | +0.086% | $4.9M | $4.8M | 100x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 185.01 | long leg | $375K | $40K | 20x | |
| Popdex EWYUSDT | +0.0048% | 1h | 185.21 | +0.108% | $194K | $164K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 184.97 | −0.022% | $6.0M | $15.2M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 185.20 | +0.103% | $140K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 185.01 | 0.000% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 185.14 | +0.070% | $745 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 185.52 | +0.276% | $233K | $334K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0057% | 8h | 185.14 | +0.072% | $22 | — | 5x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0074% | 1h | 185.13 | +0.065% | $3K | $15K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 185.19 | +0.097% | $953K | $626K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 185.48 | +0.254% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 185.20 | +0.103% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXshort | +0.0112% | 1h | 185.09 | +0.043% | $513K | $249K | 20x | |
| Hotstuff EWY-PERP | +0.0296% | 1h | 185.01 | 0.000% | $27K | $16K | 20x | as long as short |
| edgeX EWYUSDC | +0.0493% | 4h | 185.47 | +0.250% | $416K | $286K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Bybit EWYUSDT
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