EWY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0366%/8h= −40.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.035%

Price spread now: tradeXYZ against Extended−0.028%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.028%, 7d avg −0.051%

Together, before fees+0.030%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.023% dearer against Extended than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.051%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 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	Extended EWY_24_5-USD	189.75	0.0416	pay 0.0052% / 1h	13m 12s	$302K	$665K	10x
Short	tradeXYZ xyz:EWY	189.70	0.0050	get 0.0006% / 1h	13m 12s	$6.2M	$14.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Extended. 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 ExtendedbpFee tradeXYZbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$76.86
Price spread: −0.028% → −0.051%: $2.32
Slippage, 4 orders: −$4.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$101.55
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Extended: live order book, 55 min ago; tradeXYZ: live order book, 6 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 Extended live order book, 55 min ago	0.03 bp	2.8 bp −$3	7.3 bp −$73	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.53 bp	10.6 bp −$11	11.8 bp −$118	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	189.82	+0.035%	$5.1M	$4.4M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	189.78	+0.014%	$4.0M	$3.6M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	189.80	+0.025%	$750K	$390K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	189.75	−0.002%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	189.73	−0.012%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	189.78	+0.014%	$22K	$36K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	189.73	−0.012%	$1.7M	$38K	10x	as long as short
Lighter EWY	+0.0032%	1h	189.68	−0.038%	$384K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	189.89	+0.072%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	189.75	−0.002%	$197K	$146K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International EWY-PERP-INTX	+0.0048%	1h	189.56	−0.102%	$529K	$329K	20x	as long as short
tradeXYZ xyz:EWYshort	+0.0050%	1h	189.70	−0.028%	$6.2M	$14.0M	20x
Entropy io:EWY	+0.0050%	1h	189.71	−0.023%	$51K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	189.57	−0.096%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	189.71	−0.023%	$720	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	189.71	−0.023%	$198K	$272K	10x	as long as short
Paradex EWY-USD-PERP	+0.0056%	8h	189.83	+0.042%	$23	—	5x	as long as short
Bitget EWYUSDT	+0.0094%	8h	189.73	−0.012%	$2.7M	$1.9M	20x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	189.64	−0.060%	$976K	$629K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	189.79	+0.019%	$13K	$263K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	189.75	−0.002%	$2K	$1K	20x	as long as short
Hotstuff EWY-PERP	+0.0144%	1h	189.74	−0.007%	$28K	$12K	20x	as long as short
OKX EWY-USDT-SWAP	+0.0177%	8h	189.77	+0.009%	$4.1M	$3.5M	50x	as long as short
Aster EWYUSDT	+0.0325%	8h	189.83	+0.041%	$294K	$12K	20x	as long as short
Variational Omni EWY	+0.0399%	8h	189.76	+0.004%	$1.2M	$1.1M	—	as long as short
Extended EWY_24_5-USDlong	+0.0416%	1h	189.75	long leg	$302K	$665K	10x
Binance EWYUSDT	+0.0418%	8h	189.80	+0.027%	$28.3M	$77.5M	50x	as long as short
MEXC EWY_USDT	+0.0421%	8h	189.73	−0.012%	$7.0M	$4.2M	100x	as long as short
edgeX EWYUSDC	+0.0670%	4h	189.77	+0.010%	$425K	$284K	20x	as long as short