Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h 0.000%
Price spread now: Bybit against Coinbase International+0.137%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.137%, 7d avg +0.088%
=The price spread pays, funding is against you. Bybit is 0.049% dearer against Coinbase International than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.088%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.043% in total) that is about 8.0 days.
| 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 57s | $529K | $330K | 20x |
| Short | Bybit EWYUSDT | 189.82 | 0 | get 0.0000% / 8h | 6h 17m | $5.1M | $4.4M | 100x |
Coinbase International EWY-PERP-INTX
Bybit EWYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.08
- Price spread: +0.137% → +0.088%
- $4.87
- Slippage, 4 orders
- −$13.79
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.01
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 50 min ago; Bybit: 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 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 Bybit live order book, 5 min ago | 0.53 bp | 7.9 bp −$8 | 12.6 bp −$126 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0024% | 1h | 189.52 | −0.021% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 189.82 | +0.137% | $5.1M | $4.4M | 100x | |
| Gate EWY_USDT | 0.0000% | 8h | 189.78 | +0.116% | $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 |
Hotstuff EWY-PERP
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 189.73 | +0.090% | $197K | $146K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXlong | +0.0048% | 1h | 189.56 | long leg | $529K | $330K | 20x | |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.71 | +0.079% | $6.2M | $14.0M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 189.67 | +0.058% | $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 | 189.69 | +0.070% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.68 | +0.063% | $977K | $632K | 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 | +0.0121% | 8h | 189.79 | +0.121% | $2.8M | $1.9M | 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 | +0.0338% | 8h | 189.79 | +0.121% | $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 |
| Extended EWY_24_5-USD | +0.0432% | 1h | 189.72 | +0.086% | $302K | $665K | 10x | as long as short |
| Binance EWYUSDT | +0.0433% | 8h | 189.77 | +0.112% | $28.3M | $77.5M | 50x | as long as short |
| MEXC EWY_USDT | +0.0434% | 8h | 189.79 | +0.121% | $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 |
Popdex EWYUSDT
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
OKX EWY-USDT-SWAP
Aster EWYUSDT
Variational Omni EWY
Extended EWY_24_5-USD
Binance EWYUSDT
MEXC EWY_USDT
edgeX EWYUSDC