EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.038%

Price spread now: Extended against Coinbase International+0.443%7-day average +0.050% · 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+$16as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.394%−$39 · spread now +0.443%, 7d avg +0.050%

Together, before fees−0.416%+ Points / potential airdropExtended: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.393% dearer against Coinbase International than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.050%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	Coinbase International EWY-PERP-INTX	189.56	0	get 0.0000% / 1h	51m 12s	$529K	$320K	20x
Short	Extended EWY_24_5-USD	190.40	0.0352	get 0.0044% / 1h	51m 12s	$302K	$665K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.443%Rate

Funding earned: $73.92
Price spread: +0.443% → +0.050%: $39.34
Slippage, 4 orders: −$8.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $89.98
Costs to cover: 0.233%
Break-even: from the start

Slippage from Coinbase International: live order book, 12 min ago; Extended: live order book, 12 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 Coinbase International live order book, 12 min ago	3.68 bp	8.7 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	0.03 bp	2.8 bp −$3	6.7 bp −$67	doesn't fit	doesn't fit

EWY on 29 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
Bybit EWYUSDT	0.0000%	8h	190.45	+0.470%	$5.1M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.43	+0.459%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.28	+0.382%	$752K	$389K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.38	+0.433%	—	$2.5M	20x	as long as short
Coinbase International EWY-PERP-INTXlong	0.0000%	1h	189.56	long leg	$529K	$320K	20x
HTX EWY-USDT	0.0000%	8h	190.26	+0.369%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.43	+0.459%	$1.7M	$38K	10x	as long as short
Hotstuff EWY-PERP	+0.0016%	1h	190.25	+0.364%	$29K	$12K	20x	as long as short
Lighter EWY	+0.0032%	1h	190.25	+0.364%	$386K	$39K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.53	+0.512%	—	$220K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.41	+0.448%	$198K	$146K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.34	+0.411%	$6.1M	$14.0M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.24	+0.359%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.24	+0.359%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.39	+0.438%	$741	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.31	+0.396%	$198K	$275K	10x	as long as short
Paradex EWY-USD-PERP	+0.0059%	8h	190.38	+0.435%	$23	—	5x	as long as short
Deribit EWY_USDC-PERPETUAL	+0.0065%	1h	190.35	+0.417%	$2K	$13K	20x	as long as short
Bitget EWYUSDT	+0.0085%	8h	190.46	+0.475%	$2.7M	$2.0M	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.31	+0.396%	$980K	$627K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.29	+0.385%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.41	+0.448%	$2K	$1K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0140%	8h	190.50	+0.496%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0273%	8h	190.42	+0.455%	$295K	$12K	20x	as long as short
Variational Omni EWY	+0.0343%	8h	190.30	+0.392%	$1.2M	$1.1M	—	as long as short
Binance EWYUSDT	+0.0352%	8h	190.44	+0.467%	$28.4M	$77.0M	50x	as long as short
Extended EWY_24_5-USDshort	+0.0352%	1h	190.40	+0.443%	$302K	$665K	10x
MEXC EWY_USDT	+0.0355%	8h	190.43	+0.459%	$6.4M	$4.2M	100x	as long as short
edgeX EWYUSDC	+0.0950%	4h	190.24	+0.360%	$426K	$283K	20x	as long as short