Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.013%
Price spread now: Coinbase International against Phemex−0.005%59s7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1151.149% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.005%, 7d avg −0.082%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.077% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.082%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex EWYUSDT | 189.84 | 0 | get 0.0000% / 8h | 3h 48m | $1.7M | $37K | 10x |
| Short | Coinbase International EWY-PERP-INTX | 189.83 | 0.0048 | get 0.0006% / 1h | 48m 26s | $530K | $293K | 20x |
Phemex EWYUSDT
Coinbase International EWY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. 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
- $10.08
- Price spread: −0.005% → −0.082%
- $7.66
- Slippage, 4 orders
- −$92.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$97.13
- Costs to cover
- 1.149%
- Break-even
- 74.5 days
Slippage from Phemex: live order book, 5 min ago; Coinbase International: live order book, 5 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 Phemex live order book, 5 min ago | 1.84 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EWYUSDT | 0.0000% | 8h | 189.97 | +0.069% | $295K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 189.96 | +0.063% | $5.1M | $4.2M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 189.94 | +0.053% | $4.1M | $3.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.93 | +0.047% | $4.2M | $3.8M | 50x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 189.96 | +0.063% | $2.7M | $2.0M | 20x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.04 | +0.107% | $752K | $396K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.97 | +0.068% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.87 | +0.016% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.08 | +0.126% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDTlong | 0.0000% | 8h | 189.84 | long leg | $1.7M | $37K | 10x |
Aster EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
Bitget EWYUSDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | +0.0006% | 8h | 190.00 | +0.085% | $1.2M | $1.1M | — | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.80 | −0.021% | $384K | $39K | 20x | as long as short |
| Binance EWYUSDT | +0.0045% | 8h | 189.91 | +0.038% | $27.7M | $76.4M | 50x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.98 | +0.074% | — | $220K | 25x | as long as short |
| Extended EWY_24_5-USD | +0.0048% | 1h | 189.88 | +0.019% | $301K | $669K | 10x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.94 | +0.053% | $198K | $147K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXshort | +0.0048% | 1h | 189.83 | −0.005% | $530K | $293K | 20x | |
| MEXC EWY_USDT | +0.0049% | 8h | 189.93 | +0.047% | $6.2M | $3.8M | 100x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.81 | −0.016% | $6.1M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.86 | +0.011% | $30K | $65K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.76 | −0.042% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.92 | +0.042% | $747 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.81 | −0.016% | $198K | $267K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0054% | 8h | 189.89 | +0.025% | $23 | — | 5x | as long as short |
| BloFin EWY-USDT | +0.0064% | 8h | 189.90 | +0.032% | $47K | $213K | 50x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.86 | +0.011% | $978K | $613K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.06 | +0.116% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.93 | +0.047% | $2K | $1K | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0144% | 1h | 189.88 | +0.021% | $28K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0307% | 4h | 190.03 | +0.099% | $426K | $284K | 20x | as long as short |
Variational Omni EWY
Lighter EWY
Binance EWYUSDT
Vest EWY-USD-PERP
Extended EWY_24_5-USD
Popdex EWYUSDT
MEXC EWY_USDT
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
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Hotstuff EWY-PERP
edgeX EWYUSDC