Funding you earn now, next payment 22:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h +0.019%
Price spread now: Coinbase International against Variational Omni+0.042%7-day average −0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.079%+$8 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.042%, 7d avg −0.070%
=Together, before fees−0.012%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.111% dearer against Variational Omni than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.070%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 3 days funding on this pair paid +0.079%, 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 3 days it paid 0.079% in total (about 8.9% a year). A funding rate is set anew for every payment. 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 | Variational Omni EWY | 189.11 | 0.0513 | pay 0.0513% / 8h | 1h 29m | $1.4M | $899K | — |
| Short | Coinbase International EWY-PERP-INTX | 189.19 | 0.0120 | get 0.0015% / 1h | 29m 19s | $525K | $332K | 20x |
Variational Omni EWY
Coinbase International EWY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Variational Omni. 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
- −$82.48
- Price spread: +0.042% → −0.070%
- $11.14
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$81.35
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Coinbase International: live order book, 54 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 5 min ago | 2.25 bp | doesn't fit | 5.9 bp −$59 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 54 min ago | 0.26 bp | 6.0 bp −$6 | 11.2 bp −$112 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | 0.0000% | 1h | 189.09 | −0.011% | $28K | $12K | 20x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.23 | +0.063% | $3.2M | $2.8M | 50x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.95 | −0.085% | — | $2.7M | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.28 | +0.089% | $1.7M | $37K | 10x | as long as short |
| edgeX EWYUSDC | +0.0004% | 4h | 189.14 | +0.016% | $424K | $275K | 20x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.14 | +0.015% | $377K | $95K | 20x | as long as short |
| Bybit EWYUSDT | +0.0033% | 8h | 189.39 | +0.147% | $5.2M | $4.1M | 100x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.25 | +0.073% | — | $217K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.29 | +0.094% | $194K | $138K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.19 | +0.042% | $6.4M | $14.8M | 20x | as long as short |
Hotstuff EWY-PERP
Gate EWY_USDT
SunX EWY-USDT
Phemex EWYUSDT
edgeX EWYUSDC
Lighter EWY
Bybit EWYUSDT
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:EWY | +0.0050% | 1h | 189.04 | −0.038% | $49K | $36K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.12 | +0.005% | $4K | $38 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.23 | +0.063% | $783 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.92 | −0.101% | $221K | $181K | 10x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.10 | −0.006% | $959K | $725K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.14 | +0.015% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.25 | +0.073% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXshort | +0.0120% | 1h | 189.19 | +0.042% | $525K | $332K | 20x | |
| Paradex EWY-USD-PERP | +0.0140% | 8h | 189.37 | +0.135% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0165% | 8h | 189.33 | +0.116% | $2.5M | $1.5M | 20x | as long as short |
| HTX EWY-USDT | +0.0196% | 8h | 189.20 | +0.047% | $36K | $8K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0222% | 8h | 189.37 | +0.137% | $4.0M | $4.1M | 50x | as long as short |
| Aster EWYUSDT | +0.0459% | 8h | 189.09 | −0.011% | $293K | $12K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0490% | 1h | 189.30 | +0.100% | $2K | $13K | 20x | as long as short |
| Variational Omni EWYlong | +0.0513% | 8h | 189.11 | long leg | $1.4M | $899K | — | |
| BloFin EWY-USDT | +0.0540% | 8h | 189.31 | +0.105% | $47K | $214K | 50x | as long as short |
| MEXC EWY_USDT | +0.0556% | 8h | 189.29 | +0.094% | $7.5M | $4.5M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0560% | 1h | 189.24 | +0.070% | $304K | $403K | 10x | as long as short |
| Binance EWYUSDT | +0.0561% | 8h | 189.29 | +0.092% | $28.5M | $79.5M | 50x | as long as short |
| GRVT EWY_USDT_Perp | +0.0647% | 8h | 189.13 | +0.011% | $748K | $401K | 10x | as long as short |
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
Bitget EWYUSDT
HTX EWY-USDT
OKX EWY-USDT-SWAP
Aster EWYUSDT
Deribit EWY_USDC-PERPETUAL
BloFin EWY-USDT
MEXC EWY_USDT
Extended EWY_24_5-USD
Binance EWYUSDT
GRVT EWY_USDT_Perp