Funding you earn now, next payment 01:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.053%
Price spread now: Binance against Coinbase International+0.132%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 2 days (all we have)−0.083%−$8 · spread now +0.132%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.057% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% 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 | 189.56 | 0.0048 | pay 0.0006% / 1h | 17m 38s | $529K | $330K | 20x |
| Short | Binance EWYUSDT | 189.81 | 0.0428 | get 0.0428% / 8h | 6h 17m | $28.3M | $77.5M | 50x |
Coinbase International EWY-PERP-INTX
Binance EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $79.87
- Price spread: +0.132% → +0.075%
- $5.66
- Slippage, 4 orders
- −$9.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $55.62
- Costs to cover
- 0.299%
- Break-even
- 2.1 days
Slippage from Coinbase International: live order book, 50 min ago; Binance: live order book, 10 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, 50 min ago | 4.46 bp | 9.5 bp −$9 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.26 bp | 5.3 bp −$5 | 6.9 bp −$69 | 19.3 bp −$1,927 | 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 | 189.84 | +0.148% | $5.1M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.80 | +0.127% | $4.0M | $3.6M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 189.89 | +0.175% | $751K | $389K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 189.67 | +0.058% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.65 | +0.047% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.90 | +0.179% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.79 | +0.121% | $1.7M | $38K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 189.65 | +0.047% | $384K | $40K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 189.81 | +0.132% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.79 | +0.121% | $197K | $146K | 20x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International EWY-PERP-INTXlong | +0.0048% | 1h | 189.56 | long leg | $529K | $330K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.75 | +0.100% | $6.2M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.69 | +0.069% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.60 | +0.021% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 189.67 | +0.058% | $700 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.57 | +0.005% | $198K | $270K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0057% | 8h | 189.80 | +0.129% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.69 | +0.069% | $977K | $631K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 189.74 | +0.095% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 189.76 | +0.106% | $2K | $1K | 20x | as long as short |
| Bitget EWYUSDT | +0.0114% | 8h | 189.79 | +0.121% | $2.8M | $1.9M | 20x | as long as short |
| Hotstuff EWY-PERP | +0.0128% | 1h | 189.75 | +0.100% | $28K | $12K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0183% | 8h | 189.85 | +0.153% | $4.1M | $3.5M | 50x | as long as short |
| Aster EWYUSDT | +0.0335% | 8h | 189.79 | +0.123% | $294K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0415% | 8h | 189.79 | +0.121% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDTshort | +0.0428% | 8h | 189.81 | +0.132% | $28.3M | $77.5M | 50x | |
| Extended EWY_24_5-USD | +0.0432% | 1h | 189.75 | +0.100% | $302K | $665K | 10x | as long as short |
| MEXC EWY_USDT | +0.0432% | 8h | 189.82 | +0.137% | $7.0M | $4.2M | 100x | as long as short |
| edgeX EWYUSDC | +0.0715% | 4h | 189.77 | +0.110% | $425K | $283K | 20x | as long as short |
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Bitget EWYUSDT
Hotstuff EWY-PERP
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
MEXC EWY_USDT
edgeX EWYUSDC