Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Entropy against Coinbase International−0.131%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Entropy is 0.131% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International EWY-PERP-INTX | 190.67 | 0.0144 | pay 0.0018% / 1h | 24m 08s | $532K | $341K | 20x |
| Short | Entropy io:EWY | 190.42 | 0.0050 | get 0.0006% / 1h | 24m 08s | $52K | $57K | 25x |
Coinbase International EWY-PERP-INTX
Entropy io:EWYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- −$19.74
- Price spread: −0.131% → 0.000%
- −$13.11
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$60.85
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 49 min ago; Entropy: no order-book sample. 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 Coinbase International live order book, 49 min ago | 2.90 bp | 7.9 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Entropy no order-book sample | — | — | — | — | — |
Entropy: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EWY_USDC-PERPETUAL | −0.0169% | 1h | 190.64 | −0.016% | $2K | $13K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.61 | −0.031% | $5.3M | $4.2M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.57 | −0.052% | $4.1M | $3.3M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.78 | +0.059% | $755K | $384K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.43 | −0.126% | — | $2.6M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.80 | +0.068% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.48 | −0.100% | $1.7M | $38K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 190.59 | −0.042% | $379K | $56K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.81 | +0.073% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 190.59 | −0.042% | $195K | $142K | 20x | as long as short |
Deribit EWY_USDC-PERPETUAL
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.48 | −0.100% | $6.2M | $14.7M | 20x | as long as short |
| Entropy io:EWYshort | +0.0050% | 1h | 190.42 | −0.131% | $52K | $57K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 190.39 | −0.147% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.48 | −0.100% | $447 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.64 | −0.016% | $230K | $233K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0081% | 8h | 190.64 | −0.014% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.39 | −0.147% | $982K | $665K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.62 | −0.026% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.56 | −0.058% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXlong | +0.0144% | 1h | 190.67 | long leg | $532K | $341K | 20x | |
| OKX EWY-USDT-SWAP | +0.0293% | 8h | 190.48 | −0.100% | $4.2M | $3.6M | 50x | as long as short |
| Bitget EWYUSDT | +0.0370% | 8h | 190.53 | −0.073% | $2.7M | $1.6M | 20x | as long as short |
| Aster EWYUSDT | +0.0502% | 8h | 190.64 | −0.017% | $296K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0592% | 8h | 190.74 | +0.039% | $1.2M | $1.1M | — | as long as short |
| BloFin EWY-USDT | +0.0597% | 8h | 190.76 | +0.047% | $47K | $215K | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0616% | 1h | 190.53 | −0.072% | $304K | $717K | 10x | as long as short |
| MEXC EWY_USDT | +0.0619% | 8h | 190.51 | −0.084% | $7.4M | $4.5M | 100x | as long as short |
| Binance EWYUSDT | +0.0620% | 8h | 190.57 | −0.051% | $28.6M | $77.9M | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0680% | 1h | 190.58 | −0.047% | $29K | $12K | 20x | as long as short |
| edgeX EWYUSDC | +0.0885% | 4h | 190.60 | −0.034% | $427K | $281K | 20x | as long as short |
tradeXYZ xyz: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
OKX EWY-USDT-SWAP
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
BloFin EWY-USDT
Extended EWY_24_5-USD
MEXC EWY_USDT
Binance EWYUSDT
Hotstuff EWY-PERP
edgeX EWYUSDC