Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.012%
Price spread now: OKX against Coinbase International+0.163%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.163%, 7d avg +0.069%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.094% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% 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 | Coinbase International EWY-PERP-INTX | 189.78 | 0.0144 | pay 0.0018% / 1h | 45m 55s | $530K | $337K | 20x |
| Short | OKX EWY-USDT-SWAP | 190.09 | 0.0336 | get 0.0336% / 8h | 7h 45m | $4.1M | $3.6M | 50x |
Coinbase International EWY-PERP-INTX
OKX EWY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $40.22
- Price spread: +0.163% → +0.069%
- $9.39
- Slippage, 4 orders
- −$11.81
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $17.8
- Costs to cover
- 0.318%
- Break-even
- 3.9 days
Slippage from Coinbase International: live order book, 27 min ago; OKX: live order book, 2 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, 27 min ago | 2.90 bp | 7.9 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.26 bp | 8.0 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EWY_USDT | 0.0000% | 8h | 190.10 | +0.169% | $4.1M | $3.3M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.29 | +0.270% | $753K | $386K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.11 | +0.174% | — | $2.7M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.24 | +0.242% | $26K | $29K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.06 | +0.148% | $1.7M | $38K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.97 | +0.100% | $379K | $54K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.32 | +0.285% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.18 | +0.211% | $196K | $142K | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.02 | +0.126% | $52K | $58K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.01 | +0.121% | $4K | $126 | 20x | as long as short |
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
Entropy io:EWY
Polymarket Perps EWY-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX EWY-USD | +0.0050% | 1h | 190.06 | +0.148% | $788 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.18 | +0.211% | $242K | $213K | 10x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0066% | 1h | 190.08 | +0.158% | $2K | $13K | 20x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.00 | +0.116% | $979K | $677K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.13 | +0.184% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.14 | +0.190% | $2K | $1K | 20x | as long as short |
| Paradex EWY-USD-PERP | +0.0102% | 8h | 190.25 | +0.248% | $23 | — | 5x | as long as short |
| Bybit EWYUSDT | +0.0131% | 8h | 190.15 | +0.195% | $5.3M | $4.2M | 100x | as long as short |
| tradeXYZ xyz:EWY | +0.0138% | 1h | 190.02 | +0.126% | $6.4M | $14.9M | 20x | as long as short |
| Coinbase International EWY-PERP-INTXlong | +0.0144% | 1h | 189.78 | long leg | $530K | $337K | 20x | |
| Bitget EWYUSDT | +0.0288% | 8h | 190.05 | +0.142% | $2.7M | $1.6M | 20x | as long as short |
| OKX EWY-USDT-SWAPshort | +0.0336% | 8h | 190.09 | +0.163% | $4.1M | $3.6M | 50x | |
| Aster EWYUSDT | +0.0551% | 8h | 190.16 | +0.203% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0650% | 8h | 190.13 | +0.182% | $1.2M | $1.3M | — | as long as short |
| BloFin EWY-USDT | +0.0653% | 8h | 190.28 | +0.263% | $47K | $214K | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0664% | 1h | 190.21 | +0.227% | $29K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0673% | 4h | 190.12 | +0.180% | $426K | $283K | 20x | as long as short |
| Extended EWY_24_5-USD | +0.0680% | 1h | 190.05 | +0.144% | $299K | $501K | 10x | as long as short |
| MEXC EWY_USDT | +0.0680% | 8h | 190.06 | +0.148% | $7.6M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0681% | 8h | 190.08 | +0.158% | $28.6M | $78.6M | 50x | as long as short |
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Deribit EWY_USDC-PERPETUAL
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Paradex EWY-USD-PERP
Bybit EWYUSDT
tradeXYZ xyz:EWY
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
Hotstuff EWY-PERP
edgeX EWYUSDC
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT